Dark Forest Capital Management LP Cuts Holdings in A10 Networks, Inc. (NYSE:ATEN)

Dark Forest Capital Management LP decreased its position in A10 Networks, Inc. (NYSE:ATEN) by 7.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 15,682 shares of the communications equipment provider’s stock after selling 1,218 shares during the period. Dark Forest Capital Management LP’s holdings in A10 Networks were worth $217,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of A10 Networks by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 7,103,358 shares of the communications equipment provider’s stock worth $97,245,000 after purchasing an additional 35,010 shares during the period. First Trust Advisors LP increased its holdings in A10 Networks by 83.9% during the fourth quarter. First Trust Advisors LP now owns 4,470,999 shares of the communications equipment provider’s stock worth $58,883,000 after buying an additional 2,040,007 shares during the last quarter. Renaissance Technologies LLC raised its position in A10 Networks by 6.3% in the second quarter. Renaissance Technologies LLC now owns 2,282,633 shares of the communications equipment provider’s stock worth $31,614,000 after acquiring an additional 135,800 shares during the period. Deprince Race & Zollo Inc. boosted its stake in A10 Networks by 18.0% in the second quarter. Deprince Race & Zollo Inc. now owns 1,873,507 shares of the communications equipment provider’s stock valued at $25,948,000 after acquiring an additional 286,127 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of A10 Networks by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,818,901 shares of the communications equipment provider’s stock valued at $25,191,000 after acquiring an additional 28,150 shares during the period. Institutional investors own 98.61% of the company’s stock.

Analysts Set New Price Targets

ATEN has been the topic of several research analyst reports. BWS Financial reiterated a “buy” rating and issued a $17.00 price objective on shares of A10 Networks in a research note on Tuesday, July 9th. StockNews.com lowered A10 Networks from a “buy” rating to a “hold” rating in a research note on Monday, July 1st.

A10 Networks Stock Up 1.8 %

ATEN opened at $14.44 on Tuesday. The firm has a 50-day moving average price of $13.42 and a 200-day moving average price of $13.85. A10 Networks, Inc. has a twelve month low of $10.03 and a twelve month high of $16.46. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 23.67 and a beta of 1.11.

A10 Networks (NYSE:ATEN) last released its quarterly earnings data on Tuesday, July 30th. The communications equipment provider reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. A10 Networks had a net margin of 17.51% and a return on equity of 21.29%. The business had revenue of $60.10 million during the quarter, compared to analyst estimates of $64.30 million. During the same period in the previous year, the business earned $0.14 EPS. A10 Networks’s revenue was down 8.7% compared to the same quarter last year. On average, sell-side analysts expect that A10 Networks, Inc. will post 0.65 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were paid a $0.06 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.24 annualized dividend and a yield of 1.66%. A10 Networks’s dividend payout ratio is currently 39.34%.

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.