IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 67,268 Shares of A10 Networks, Inc. (NYSE:ATEN)

IQ EQ FUND MANAGEMENT IRELAND Ltd cut its stake in A10 Networks, Inc. (NYSE:ATEN) by 32.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 142,035 shares of the communications equipment provider’s stock after selling 67,268 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd owned 0.19% of A10 Networks worth $2,613,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its stake in A10 Networks by 3,389.8% during 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 period. GAMMA Investing LLC raised its position in shares of A10 Networks by 43.5% during the fourth quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock worth $45,000 after purchasing an additional 744 shares during the period. Quantbot Technologies LP lifted its holdings in shares of A10 Networks by 95.4% during the 3rd quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock valued at $82,000 after purchasing an additional 2,762 shares in the last quarter. KBC Group NV grew its position 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 purchasing an additional 2,251 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in A10 Networks during the 4th quarter worth approximately $161,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.

A10 Networks Stock Down 1.8 %

Shares of ATEN opened at $17.49 on Thursday. A10 Networks, Inc. has a twelve month low of $12.27 and a twelve month high of $21.90. The stock has a market capitalization of $1.29 billion, a P/E ratio of 26.10 and a beta of 1.17. The company has a 50 day moving average of $19.54 and a 200-day moving average of $17.34.

A10 Networks (NYSE:ATEN) last released 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 net margin of 19.16% and a return on equity of 23.44%. On average, sell-side analysts anticipate that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, February 14th. This represents a $0.24 annualized dividend and a yield of 1.37%. A10 Networks’s payout ratio is presently 35.82%.

Analyst Ratings Changes

Several research analysts have recently weighed in on ATEN shares. StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th. BWS Financial reiterated a “buy” rating and set a $24.00 target price on shares of A10 Networks in a report on Wednesday, February 5th. Finally, Craig Hallum lifted their price target on 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.