Louisiana State Employees Retirement System Invests $460,000 in A10 Networks, Inc. (NYSE:ATEN)

Louisiana State Employees Retirement System acquired a new stake in shares of A10 Networks, Inc. (NYSE:ATEN) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 34,900 shares of the communications equipment provider’s stock, valued at approximately $460,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased 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 worth $104,697,000 after buying an additional 185,362 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of A10 Networks by 37.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,486,953 shares of the communications equipment provider’s stock worth $32,753,000 after purchasing an additional 676,509 shares in the last quarter. Verity Asset Management Inc. raised its stake in A10 Networks by 1.7% during the 3rd quarter. Verity Asset Management Inc. now owns 91,666 shares of the communications equipment provider’s stock valued at $1,378,000 after purchasing an additional 1,515 shares during the period. Qube Research & Technologies Ltd lifted its holdings in A10 Networks by 38.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 158,383 shares of the communications equipment provider’s stock worth $2,380,000 after purchasing an additional 43,781 shares in the last quarter. Finally, Penserra Capital Management LLC boosted its stake in A10 Networks by 140.7% in the 3rd quarter. Penserra Capital Management LLC now owns 517,002 shares of the communications equipment provider’s stock worth $7,770,000 after purchasing an additional 302,203 shares during the period. Hedge funds and other institutional investors own 98.61% of the company’s stock.

Insider Activity at A10 Networks

In other A10 Networks news, CEO Dhrupad Trivedi sold 60,606 shares of A10 Networks 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 completion of the transaction, the chief executive officer now directly owns 495,814 shares of the company’s stock, valued at approximately $6,579,451.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Dhrupad Trivedi sold 60,606 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $13.27, for a total value of $804,241.62. Following the completion of the transaction, the chief executive officer now owns 495,814 shares of the company’s stock, valued at approximately $6,579,451.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Brian Becker sold 15,000 shares of A10 Networks stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $12.93, for a total value of $193,950.00. Following the completion of the transaction, the chief financial officer now owns 34,252 shares of the company’s stock, valued at approximately $442,878.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 121,146 shares of company stock valued at $1,598,166. 5.82% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

A10 Networks Stock Down 1.0 %

ATEN opened at $13.40 on Tuesday. The company has a market capitalization of $998.30 million, a PE ratio of 25.28 and a beta of 1.10. The firm has a 50-day simple moving average of $13.50 and a two-hundred day simple moving average of $12.91. A10 Networks, Inc. has a 52 week low of $10.03 and a 52 week high of $15.99.

A10 Networks (NYSE:ATEN) last posted its earnings results on Tuesday, February 6th. The communications equipment provider reported $0.22 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $76.95 million. As a group, sell-side analysts expect that A10 Networks, Inc. will post 0.66 earnings per share for the current year.

A10 Networks Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.79%. A10 Networks’s dividend payout ratio is currently 45.28%.

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.