New York State Teachers Retirement System Boosts Stake in A10 Networks, Inc. (NYSE:ATEN)

New York State Teachers Retirement System raised its stake in A10 Networks, Inc. (NYSE:ATEN) by 21.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 37,450 shares of the communications equipment provider’s stock after purchasing an additional 6,715 shares during the quarter. New York State Teachers Retirement System’s holdings in A10 Networks were worth $493,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its position in A10 Networks by 113.8% in the 4th quarter. Advisors Asset Management Inc. now owns 2,189 shares of the communications equipment provider’s stock worth $36,000 after purchasing an additional 1,165 shares during the period. Osaic Holdings Inc. raised its stake in A10 Networks by 44.3% during the second quarter. Osaic Holdings Inc. now owns 2,419 shares of the communications equipment provider’s stock valued at $35,000 after buying an additional 743 shares during the last quarter. Advisor Group Holdings Inc. boosted its stake in A10 Networks by 59.6% in the 4th quarter. Advisor Group Holdings Inc. now owns 2,527 shares of the communications equipment provider’s stock worth $42,000 after purchasing an additional 944 shares in the last quarter. Altshuler Shaham Ltd bought a new position in shares of A10 Networks in the fourth quarter worth approximately $47,000. Finally, Ensign Peak Advisors Inc bought a new position in A10 Networks in the 1st quarter valued at approximately $41,000. Hedge funds and other institutional investors own 98.61% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Dhrupad Trivedi sold 60,606 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $13.27, for a total transaction of $804,241.62. Following the completion of the transaction, the chief executive officer now owns 495,814 shares in the company, valued at $6,579,451.78. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Dhrupad Trivedi sold 60,606 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $13.27, for a total value of $804,241.62. Following the sale, the chief executive officer now owns 495,814 shares in the company, valued at $6,579,451.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian Becker sold 2,047 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $13.06, for a total transaction of $26,733.82. Following the sale, the chief financial officer now owns 49,252 shares in the company, valued at $643,231.12. The disclosure for this sale can be found here. Insiders sold 152,828 shares of company stock worth $2,032,990 in the last three months. 5.81% of the stock is owned by company insiders.

A10 Networks Trading Up 0.5 %

Shares of NYSE ATEN opened at $12.86 on Friday. The firm has a 50 day moving average of $13.45 and a 200 day moving average of $12.84. The firm has a market capitalization of $958.07 million, a price-to-earnings ratio of 24.26 and a beta of 1.10. A10 Networks, Inc. has a 12-month low of $10.03 and a 12-month high of $15.99.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Tuesday, February 6th. The communications equipment provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The company had revenue of $70.42 million for the quarter, compared to analysts’ expectations of $76.95 million. A10 Networks had a net margin of 15.88% and a return on equity of 21.67%. Sell-side analysts predict that A10 Networks, Inc. will post 0.66 EPS for the current year.

A10 Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend was Thursday, February 15th. A10 Networks’s dividend payout ratio (DPR) is 45.28%.

Wall Street Analyst Weigh In

Separately, BWS Financial upped their target price on shares of A10 Networks from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th.

A10 Networks Company 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.