Seizert Capital Partners LLC Boosts Stake in A10 Networks, Inc. (NYSE:ATEN)

Seizert Capital Partners LLC lifted its holdings in shares of A10 Networks, Inc. (NYSE:ATEN) by 52.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 21,288 shares of the communications equipment provider’s stock after acquiring an additional 7,301 shares during the quarter. Seizert Capital Partners LLC’s holdings in A10 Networks were worth $392,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB increased its holdings 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 valued at $38,000 after purchasing an additional 2,000 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of A10 Networks by 43.5% in the fourth quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock valued at $45,000 after buying an additional 744 shares in the last quarter. Quantbot Technologies LP raised its holdings in shares of A10 Networks by 95.4% in the 3rd quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock valued at $82,000 after buying an additional 2,762 shares during the period. 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 valued at $94,000 after buying an additional 2,251 shares during the period. Finally, Walleye Capital LLC acquired a new position in A10 Networks during the 3rd quarter worth about $179,000. 98.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. StockNews.com lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a research note on Tuesday. BWS Financial reaffirmed a “buy” rating and set a $24.00 target price on shares of A10 Networks in a research note on Wednesday, February 5th. Finally, Craig Hallum increased their target price on shares of A10 Networks from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Wednesday, February 5th.

A10 Networks Price Performance

ATEN opened at $20.48 on Thursday. The business has a fifty day moving average price of $19.65 and a 200 day moving average price of $16.86. A10 Networks, Inc. has a 12 month low of $12.27 and a 12 month high of $22.05. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 30.57 and a beta of 1.14.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.25 EPS for the quarter, topping 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%. On average, research analysts anticipate that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Friday, February 14th. A10 Networks’s dividend payout ratio is presently 35.82%.

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.