Peregrine Capital Management LLC Decreases Stock Holdings in A10 Networks, Inc. $ATEN

Peregrine Capital Management LLC lowered its stake in shares of A10 Networks, Inc. (NYSE:ATEN) by 32.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 252,746 shares of the communications equipment provider’s stock after selling 119,620 shares during the quarter. Peregrine Capital Management LLC owned about 0.35% of A10 Networks worth $4,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. CWM LLC boosted its holdings in shares of A10 Networks by 38.1% in the 3rd quarter. CWM LLC now owns 3,640 shares of the communications equipment provider’s stock valued at $66,000 after buying an additional 1,005 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of A10 Networks by 120.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,898 shares of the communications equipment provider’s stock worth $114,000 after acquiring an additional 3,225 shares in the last quarter. Corton Capital Inc. purchased a new stake in A10 Networks during the second quarter valued at approximately $194,000. State of Wyoming boosted its stake in A10 Networks by 346.7% in the second quarter. State of Wyoming now owns 13,545 shares of the communications equipment provider’s stock valued at $262,000 after acquiring an additional 10,513 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC grew its holdings in A10 Networks by 5.4% in the second quarter. Linden Thomas Advisory Services LLC now owns 13,863 shares of the communications equipment provider’s stock worth $268,000 after purchasing an additional 708 shares during the last quarter. 98.61% of the stock is currently owned by institutional investors.

A10 Networks Trading Down 0.5%

Shares of A10 Networks stock opened at $17.23 on Friday. The firm’s 50 day simple moving average is $17.56 and its two-hundred day simple moving average is $17.92. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 25.34 and a beta of 1.23. A10 Networks, Inc. has a 12-month low of $13.81 and a 12-month high of $21.90. The company has a current ratio of 3.64, a quick ratio of 3.49 and a debt-to-equity ratio of 1.06.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Tuesday, November 4th. The communications equipment provider reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. A10 Networks had a net margin of 17.78% and a return on equity of 25.87%. The firm had revenue of $74.68 million for the quarter, compared to analyst estimates of $70.70 million. During the same period in the previous year, the company earned $0.21 earnings per share. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. Analysts predict that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, November 17th. A10 Networks’s payout ratio is presently 35.29%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of A10 Networks in a report on Wednesday, October 8th. Wall Street Zen lowered A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.00.

A10 Networks Company Profile

A10 Networks, Inc (NYSE: ATEN), headquartered in San Jose, California, designs and sells networking and security solutions that accelerate application performance and protect data across on-premises, cloud and hybrid environments. Founded in 2004, the company’s offerings target enterprises, service providers and cloud operators seeking high availability, secure access and optimized traffic delivery for critical applications.

The company’s core portfolio includes application delivery controllers (ADCs) for load balancing and traffic management, advanced distributed denial-of-service (DDoS) protection appliances, SSL inspection solutions and carrier-grade NAT (CGNAT) platforms.