Strs Ohio Increases Position in A10 Networks, Inc. (NYSE:ATEN)

Strs Ohio boosted its holdings in A10 Networks, Inc. (NYSE:ATEN) by 356.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 49,300 shares of the communications equipment provider’s stock after acquiring an additional 38,500 shares during the period. Strs Ohio’s holdings in A10 Networks were worth $649,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in A10 Networks by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 6,965,847 shares of the communications equipment provider’s stock valued at $104,697,000 after acquiring an additional 185,362 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in A10 Networks by 37.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,486,953 shares of the communications equipment provider’s stock valued at $32,753,000 after acquiring an additional 676,509 shares during the last quarter. Legal & General Group Plc grew its stake in A10 Networks by 18.7% in the 3rd quarter. Legal & General Group Plc now owns 1,708,642 shares of the communications equipment provider’s stock valued at $25,681,000 after acquiring an additional 268,642 shares during the last quarter. Bank of New York Mellon Corp grew its stake in A10 Networks by 0.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,626,418 shares of the communications equipment provider’s stock valued at $24,445,000 after acquiring an additional 5,707 shares during the last quarter. Finally, Trigran Investments Inc. grew its stake in A10 Networks by 41.0% in the 3rd quarter. Trigran Investments Inc. now owns 1,273,768 shares of the communications equipment provider’s stock valued at $19,145,000 after acquiring an additional 370,240 shares during the last quarter. 98.61% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other A10 Networks news, CEO Dhrupad Trivedi sold 28,957 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $13.21, for a total transaction of $382,521.97. Following the sale, the chief executive officer now directly owns 565,099 shares of the company’s stock, valued at approximately $7,464,957.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Dhrupad Trivedi sold 28,957 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $13.21, for a total value of $382,521.97. Following the sale, the chief executive officer now directly owns 565,099 shares of the company’s stock, valued at $7,464,957.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian Becker sold 2,047 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $13.06, for a total transaction of $26,733.82. Following the completion of the sale, the chief financial officer now directly owns 49,252 shares in the company, valued at $643,231.12. The disclosure for this sale can be found here. Insiders have sold 142,644 shares of company stock valued at $1,890,109 in the last ninety days. Insiders own 5.81% of the company’s stock.

A10 Networks Price Performance

A10 Networks stock opened at $13.58 on Friday. A10 Networks, Inc. has a 12-month low of $10.03 and a 12-month high of $15.99. The stock has a market capitalization of $1.01 billion, a P/E ratio of 25.62 and a beta of 1.10. The firm’s 50-day moving average is $13.48 and its two-hundred day moving average is $12.86.

A10 Networks (NYSE:ATEN) last released its quarterly earnings results on Tuesday, February 6th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). A10 Networks had a return on equity of 21.67% and a net margin of 15.88%. The firm had revenue of $70.42 million for the quarter, compared to analyst estimates of $76.95 million. As a group, analysts forecast that A10 Networks, Inc. will post 0.66 EPS for the current year.

A10 Networks Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a dividend of $0.06 per share. The ex-dividend date was Thursday, February 15th. This represents a $0.24 annualized dividend and a dividend yield of 1.77%. A10 Networks’s dividend payout ratio is currently 45.28%.

Wall Street Analysts Forecast Growth

Separately, BWS Financial increased their price objective 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.

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.