A10 Networks, Inc. (NYSE:ATEN) is Summit Partners L P’s 8th Largest Position

Summit Partners L P cut its holdings in A10 Networks, Inc. (NYSE:ATEN) by 71.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 174,464 shares of the communications equipment provider’s stock after selling 431,799 shares during the quarter. A10 Networks makes up about 0.1% of Summit Partners L P’s holdings, making the stock its 8th biggest holding. Summit Partners L P owned 0.24% of A10 Networks worth $3,210,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. increased its stake in shares of A10 Networks by 175.0% during the third quarter. Harbor Capital Advisors Inc. now owns 795,628 shares of the communications equipment provider’s stock valued at $11,489,000 after purchasing an additional 506,332 shares in the last quarter. Weiss Asset Management LP bought a new stake in A10 Networks in the third quarter worth $2,295,000. Impax Asset Management Group plc increased its holdings in shares of A10 Networks by 25.0% during the third quarter. Impax Asset Management Group plc now owns 687,500 shares of the communications equipment provider’s stock valued at $9,928,000 after acquiring an additional 137,500 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in A10 Networks by 59.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 324,195 shares of the communications equipment provider’s stock worth $4,681,000 after purchasing an additional 120,342 shares in the last quarter. Finally, Barclays PLC increased its stake in A10 Networks by 234.1% during the 3rd quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider’s stock valued at $2,198,000 after purchasing an additional 106,672 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors.

A10 Networks Trading Down 3.9 %

Shares of ATEN opened at $20.32 on Friday. The firm has a fifty day simple moving average of $19.38 and a two-hundred day simple moving average of $16.43. The firm has a market cap of $1.50 billion, a PE ratio of 30.32 and a beta of 1.14. A10 Networks, Inc. has a 1-year low of $12.27 and a 1-year high of $21.90.

A10 Networks (NYSE:ATEN) last posted its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. As a group, research analysts forecast that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.24 annualized dividend and a yield of 1.18%. A10 Networks’s dividend payout ratio (DPR) is 35.82%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ATEN shares. BWS Financial restated a “buy” rating and issued a $24.00 price objective on shares of A10 Networks in a report on Wednesday, February 5th. StockNews.com lowered A10 Networks from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Craig Hallum upped their target price on shares of A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Wednesday, February 5th.

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.