Deutsche Bank AG Cuts Stock Position in A10 Networks, Inc. (NYSE:ATEN)

Deutsche Bank AG lessened its stake in shares of A10 Networks, Inc. (NYSE:ATEN) by 24.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,130 shares of the communications equipment provider’s stock after selling 54,876 shares during the quarter. Deutsche Bank AG owned about 0.23% of A10 Networks worth $3,075,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of ATEN. New York State Teachers Retirement System raised its position in A10 Networks by 2.3% in the fourth quarter. New York State Teachers Retirement System now owns 39,058 shares of the communications equipment provider’s stock worth $719,000 after acquiring an additional 879 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its stake in A10 Networks by 3.3% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 31,200 shares of the communications equipment provider’s stock worth $574,000 after buying an additional 1,010 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in A10 Networks by 3,389.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider’s stock worth $38,000 after buying an additional 2,000 shares during the last quarter. Linden Thomas Advisory Services LLC raised its holdings in shares of A10 Networks by 20.9% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 12,192 shares of the communications equipment provider’s stock worth $224,000 after purchasing an additional 2,104 shares during the period. Finally, KBC Group NV raised its holdings in shares of A10 Networks by 79.1% in the 4th quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider’s stock worth $94,000 after purchasing an additional 2,251 shares during the period. Hedge funds and other institutional investors own 98.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ATEN. Weiss Ratings downgraded A10 Networks from a “buy (b-)” rating to a “hold (c)” rating in a report on Saturday, May 10th. BWS Financial reiterated a “buy” rating and issued a $24.00 target price on shares of A10 Networks in a research report on Friday, May 2nd. StockNews.com lowered A10 Networks from a “buy” rating to a “hold” rating in a research report on Thursday, May 8th. Craig Hallum upgraded A10 Networks from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Friday, May 2nd. Finally, Raymond James began coverage on A10 Networks in a research report on Wednesday, April 23rd. They set a “market perform” rating for the company. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.00.

A10 Networks Stock Performance

ATEN opened at $17.46 on Wednesday. A10 Networks, Inc. has a one year low of $12.27 and a one year high of $21.90. The stock’s fifty day moving average is $16.59 and its 200-day moving average is $17.94. The company has a market capitalization of $1.26 billion, a PE ratio of 26.06 and a beta of 1.37.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data 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. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. The company had revenue of $66.14 million for the quarter, compared to the consensus estimate of $63.63 million. During the same quarter in the previous year, the business earned $0.17 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities research analysts forecast that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Announces Dividend

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

A10 Networks Company Profile

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.