California State Teachers Retirement System Has $1.27 Million Stock Position in A10 Networks, Inc. (NYSE:ATEN)

California State Teachers Retirement System lowered its stake in shares of A10 Networks, Inc. (NYSE:ATEN) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,806 shares of the communications equipment provider’s stock after selling 1,335 shares during the period. California State Teachers Retirement System owned approximately 0.09% of A10 Networks worth $1,266,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ATEN. Barclays PLC raised its holdings in shares of A10 Networks by 234.1% during the third quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider’s stock valued at $2,198,000 after purchasing an additional 106,672 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of A10 Networks by 11.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,280 shares of the communications equipment provider’s stock worth $690,000 after acquiring an additional 3,742 shares during the last quarter. Legato Capital Management LLC raised its holdings in shares of A10 Networks by 11.3% in the 4th quarter. Legato Capital Management LLC now owns 104,693 shares of the communications equipment provider’s stock worth $1,926,000 after acquiring an additional 10,608 shares during the last quarter. Sawgrass Asset Management LLC acquired a new stake in shares of A10 Networks in the 4th quarter worth about $213,000. Finally, New York State Teachers Retirement System raised its holdings in shares of A10 Networks by 2.3% in the 4th quarter. New York State Teachers Retirement System now owns 39,058 shares of the communications equipment provider’s stock worth $719,000 after acquiring an additional 879 shares during the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ATEN shares. Wall Street Zen lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Thursday, May 8th. Raymond James started coverage on shares of A10 Networks in a report on Wednesday, April 23rd. They issued a “market perform” rating on the stock. Weiss Ratings restated a “hold (c)” rating on shares of A10 Networks in a report on Saturday, May 31st. Craig Hallum upgraded shares of A10 Networks from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Friday, May 2nd. Finally, BWS Financial reaffirmed a “buy” rating and issued a $24.00 price objective on shares of A10 Networks in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, A10 Networks has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

A10 Networks Stock Performance

Shares of ATEN stock opened at $18.33 on Tuesday. A10 Networks, Inc. has a 52-week low of $12.27 and a 52-week high of $21.90. The company has a 50-day simple moving average of $16.63 and a two-hundred day simple moving average of $18.08. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 27.36 and a beta of 1.38.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. The business had revenue of $66.14 million during the quarter, compared to the consensus estimate of $63.63 million. During the same period in the prior year, the firm posted $0.17 EPS. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, sell-side analysts forecast that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Thursday, May 15th. A10 Networks’s dividend payout ratio is currently 35.82%.

Insider Activity

In related news, General Counsel Robert Scott Weber sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $17.26, for a total transaction of $43,150.00. Following the sale, the general counsel now directly owns 61,007 shares in the company, valued at approximately $1,052,980.82. This represents a 3.94% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.15% of the company’s stock.

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.