New York State Teachers Retirement System Buys 2,311 Shares of A10 Networks, Inc. (NYSE:ATEN)

New York State Teachers Retirement System grew its stake in A10 Networks, Inc. (NYSE:ATEN – Get Rating) by 6.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,494 shares of the communications equipment provider’s stock after purchasing an additional 2,311 shares during the quarter. New York State Teachers Retirement System’s holdings in A10 Networks were worth $484,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bailard Inc. grew its stake in shares of A10 Networks by 4.1% in the third quarter. Bailard Inc. now owns 17,613 shares of the communications equipment provider’s stock valued at $234,000 after acquiring an additional 700 shares in the last quarter. Comerica Bank grew its stake in shares of A10 Networks by 2.0% in the third quarter. Comerica Bank now owns 50,635 shares of the communications equipment provider’s stock valued at $824,000 after acquiring an additional 1,000 shares in the last quarter. US Bancorp DE grew its stake in shares of A10 Networks by 3.4% in the second quarter. US Bancorp DE now owns 37,232 shares of the communications equipment provider’s stock valued at $536,000 after acquiring an additional 1,233 shares in the last quarter. Worth Venture Partners LLC grew its stake in shares of A10 Networks by 1.7% in the first quarter. Worth Venture Partners LLC now owns 84,545 shares of the communications equipment provider’s stock valued at $1,179,000 after acquiring an additional 1,416 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in shares of A10 Networks by 97.4% in the first quarter. Great West Life Assurance Co. Can now owns 2,984 shares of the communications equipment provider’s stock valued at $44,000 after acquiring an additional 1,472 shares in the last quarter. 88.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on ATEN. StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a research note on Thursday, November 10th. BWS Financial increased their price objective on shares of A10 Networks from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, November 2nd.

Insider Activity

In other news, EVP Matthew P. Bruening sold 5,143 shares of the firm’s stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $17.71, for a total value of $91,082.53. Following the sale, the executive vice president now directly owns 120,775 shares in the company, valued at approximately $2,138,925.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Eric Singer sold 60,541 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $18.01, for a total value of $1,090,343.41. Following the completion of the transaction, the director now owns 46,566 shares in the company, valued at approximately $838,653.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Matthew P. Bruening sold 5,143 shares of the firm’s stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $17.71, for a total transaction of $91,082.53. Following the completion of the transaction, the executive vice president now owns 120,775 shares of the company’s stock, valued at approximately $2,138,925.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 85,763 shares of company stock worth $1,555,514. Corporate insiders own 14.22% of the company’s stock.

A10 Networks Stock Up 2.5 %

Shares of A10 Networks stock opened at $15.66 on Friday. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 31.32 and a beta of 1.02. A10 Networks, Inc. has a 12-month low of $12.27 and a 12-month high of $19.79. The firm’s 50-day moving average price is $17.30 and its two-hundred day moving average price is $15.72.

A10 Networks (NYSE:ATEN – Get Rating) last announced its quarterly earnings data on Tuesday, November 1st. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). A10 Networks had a return on equity of 20.73% and a net margin of 14.49%. The firm had revenue of $72.06 million for the quarter, compared to analyst estimates of $69.96 million. On average, sell-side analysts expect that A10 Networks, Inc. will post 0.53 earnings per share for the current year.

A10 Networks Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th were paid a $0.06 dividend. This is an increase from A10 Networks’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Monday, November 14th. A10 Networks’s dividend payout ratio (DPR) is presently 48.00%.

A10 Networks Profile

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A10 Networks, Inc provides networking solutions in the Americas, Japan, other Asia Pacific, and EMEA countries. The company offers Thunder Application Delivery Controller (ADC) that provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to boost the delivery and security of applications and microservices; and Thunder Carrier Grade Networking product, which offers standards-compliant address and protocol translation services for service provider networks.