Aristides Capital LLC Has $367,000 Stock Position in A10 Networks, Inc. (NYSE:ATEN)

Aristides Capital LLC lessened its stake in shares of A10 Networks, Inc. (NYSE:ATEN) by 35.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,932 shares of the communications equipment provider’s stock after selling 11,068 shares during the period. Aristides Capital LLC’s holdings in A10 Networks were worth $367,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in shares of A10 Networks by 5.7% during the third quarter. Geode Capital Management LLC now owns 1,662,442 shares of the communications equipment provider’s stock valued at $24,010,000 after acquiring an additional 89,175 shares during the period. Barclays PLC raised 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 during the period. SG Americas Securities LLC lifted its holdings in shares of A10 Networks by 359.3% in the fourth quarter. SG Americas Securities LLC now owns 32,607 shares of the communications equipment provider’s stock valued at $600,000 after purchasing an additional 25,508 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of A10 Networks by 11.8% in the third quarter. Principal Financial Group Inc. now owns 389,088 shares of the communications equipment provider’s stock worth $5,618,000 after buying an additional 41,141 shares during the period. Finally, Weiss Asset Management LP purchased a new position in shares of A10 Networks during the third quarter valued at $2,295,000. 98.61% of the stock is owned by hedge funds and other institutional investors.

A10 Networks Trading Down 5.2 %

ATEN opened at $14.92 on Friday. A10 Networks, Inc. has a 1 year low of $12.27 and a 1 year high of $21.90. The stock has a fifty day moving average price of $19.17 and a 200 day moving average price of $17.49. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 22.27 and a beta of 1.17.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate 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, sell-side analysts forecast that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.61%. A10 Networks’s dividend payout ratio (DPR) is 35.82%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ATEN shares. StockNews.com upgraded A10 Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, March 12th. BWS Financial reissued a “buy” rating and issued a $24.00 price target on shares of A10 Networks in a research report on Wednesday, February 5th. Finally, Craig Hallum boosted their price objective on shares of A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Wednesday, February 5th.

A10 Networks 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.