Jane Street Group LLC Decreases Stake in A10 Networks, Inc. (NYSE:ATEN)

Jane Street Group LLC lowered its holdings in A10 Networks, Inc. (NYSE:ATEN) by 59.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,852 shares of the communications equipment provider’s stock after selling 115,401 shares during the quarter. Jane Street Group LLC owned 0.11% of A10 Networks worth $1,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of ATEN. Dimensional Fund Advisors LP boosted its stake in shares of A10 Networks by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,820,512 shares of the communications equipment provider’s stock worth $33,498,000 after acquiring an additional 31,697 shares during the period. Geode Capital Management LLC boosted its stake in A10 Networks by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,677,206 shares of the communications equipment provider’s stock valued at $30,868,000 after buying an additional 14,764 shares during the last quarter. First Trust Advisors LP boosted its stake in A10 Networks by 3.2% during the fourth quarter. First Trust Advisors LP now owns 1,501,332 shares of the communications equipment provider’s stock valued at $27,625,000 after buying an additional 45,868 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in A10 Networks by 2.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,467,993 shares of the communications equipment provider’s stock valued at $27,012,000 after buying an additional 37,733 shares during the last quarter. Finally, Royce & Associates LP boosted its stake in A10 Networks by 9.1% during the fourth quarter. Royce & Associates LP now owns 919,068 shares of the communications equipment provider’s stock valued at $16,911,000 after buying an additional 76,412 shares during the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.

A10 Networks Stock Performance

Shares of ATEN stock opened at $17.50 on Tuesday. The stock has a 50 day moving average price of $16.57 and a 200 day moving average price of $17.94. The firm has a market capitalization of $1.26 billion, a P/E ratio of 26.12 and a beta of 1.37. A10 Networks, Inc. has a 52-week low of $12.27 and a 52-week high of $21.90.

A10 Networks (NYSE:ATEN) last issued its earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $66.14 million for the quarter, compared to the consensus estimate of $63.63 million. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.17 EPS. As a group, sell-side analysts forecast that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be paid a $0.06 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.24 dividend on an annualized basis and a yield of 1.37%. A10 Networks’s dividend payout ratio is currently 35.82%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ATEN shares. BWS Financial reissued a “buy” rating and set a $24.00 price target on shares of A10 Networks in a research note on Friday, May 2nd. Craig Hallum upgraded A10 Networks from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Friday, May 2nd. Weiss Ratings downgraded A10 Networks from a “buy (b-)” rating to a “hold (c)” rating in a research report on Saturday, May 10th. Raymond James assumed coverage on A10 Networks in a research report on Wednesday, April 23rd. They set a “market perform” rating on the stock. Finally, StockNews.com downgraded A10 Networks from a “buy” rating to a “hold” rating in a research report on Thursday, May 8th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, A10 Networks presently has an average rating of “Moderate Buy” and an average target price of $22.00.

About A10 Networks

A10 Networks, Inc provides networking solutions in the Americas, Japan, rest of Asia Pacific, Europe, the Middle East, and Africa. The company offers Thunder Application Delivery Controller that provides advanced server load balancing; Thunder Carrier Grade Networking, which provides standards-compliant address and protocol translation services between varying types of internet protocol addresses; Thunder Secure Sockets Layer (SSL) Insight that decrypts SSL-encrypted traffic and forwards it to a third-party security device for deep packet inspection; and Thunder Convergent Firewall, which addresses multiple critical security capabilities in one package.