State of Alaska Department of Revenue Has $667,000 Stock Position in A10 Networks, Inc. (NYSE:ATEN)

State of Alaska Department of Revenue decreased its holdings in shares of A10 Networks, Inc. (NYSE:ATEN) by 2.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,833 shares of the communications equipment provider’s stock after selling 1,069 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.06% of A10 Networks worth $667,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ATEN. Principal Financial Group Inc. increased its stake in shares of A10 Networks by 3.9% during the 4th quarter. Principal Financial Group Inc. now owns 404,266 shares of the communications equipment provider’s stock worth $7,438,000 after purchasing an additional 15,178 shares during the last quarter. Proficio Capital Partners LLC bought a new position in A10 Networks in the 4th quarter worth $325,000. Charles Schwab Investment Management Inc. raised its holdings in A10 Networks by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 668,430 shares of the communications equipment provider’s stock worth $12,299,000 after acquiring an additional 17,510 shares during the period. Seizert Capital Partners LLC raised its holdings in A10 Networks by 52.2% in the 4th quarter. Seizert Capital Partners LLC now owns 21,288 shares of the communications equipment provider’s stock worth $392,000 after acquiring an additional 7,301 shares during the period. Finally, Inceptionr LLC bought a new position in A10 Networks in the 4th quarter worth $426,000. Institutional investors and hedge funds own 98.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. BWS Financial reiterated a “buy” rating and issued a $24.00 target price on shares of A10 Networks in a report on Friday, May 2nd. 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. Deutsche Bank Aktiengesellschaft assumed coverage on shares of A10 Networks in a report on Friday. They issued a “buy” rating and a $22.00 target price on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of A10 Networks in a report on Saturday, June 14th. Finally, Raymond James Financial initiated coverage on shares of A10 Networks in a research report on Wednesday, April 23rd. They issued a “market perform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

Insider Activity

In other A10 Networks news, General Counsel Robert Scott Weber sold 2,500 shares of the business’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $17.26, for a total value of $43,150.00. Following the transaction, the general counsel now directly owns 61,007 shares in the company, valued at $1,052,980.82. The trade was a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.15% of the stock is owned by company insiders.

A10 Networks Stock Performance

NYSE ATEN opened at $19.17 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 4.05 and a quick ratio of 3.87. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 28.61 and a beta of 1.38. The company’s fifty day moving average is $17.41 and its two-hundred day moving average is $18.14. A10 Networks, Inc. has a 52-week low of $12.27 and a 52-week high of $21.90.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. A10 Networks had a net margin of 18.70% and a return on equity of 24.23%. The company had revenue of $66.14 million for the quarter, compared to analyst estimates of $63.63 million. During the same period last year, the business posted $0.17 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. Equities research analysts forecast that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

The firm 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. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.24 annualized dividend and a dividend yield of 1.25%. A10 Networks’s dividend payout ratio (DPR) is currently 35.82%.

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.