State of Alaska Department of Revenue Has $829,000 Stock Holdings in A10 Networks, Inc. $ATEN

State of Alaska Department of Revenue grew its holdings in A10 Networks, Inc. (NYSE:ATEN) by 5.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,899 shares of the communications equipment provider’s stock after purchasing an additional 2,066 shares during the quarter. State of Alaska Department of Revenue owned about 0.06% of A10 Networks worth $829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Federated Hermes Inc. lifted its stake in shares of A10 Networks by 1.8% in the 1st quarter. Federated Hermes Inc. now owns 45,488 shares of the communications equipment provider’s stock valued at $743,000 after purchasing an additional 783 shares during the period. Linden Thomas Advisory Services LLC lifted its stake in shares of A10 Networks by 7.9% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 13,155 shares of the communications equipment provider’s stock valued at $215,000 after purchasing an additional 963 shares during the period. Wedge Capital Management L L P NC lifted its stake in shares of A10 Networks by 1.6% in the 1st quarter. Wedge Capital Management L L P NC now owns 80,299 shares of the communications equipment provider’s stock valued at $1,312,000 after purchasing an additional 1,295 shares during the period. Verity Asset Management Inc. raised its stake in A10 Networks by 1.7% during the 1st quarter. Verity Asset Management Inc. now owns 81,669 shares of the communications equipment provider’s stock worth $1,334,000 after buying an additional 1,378 shares during the period. Finally, CWM LLC raised its stake in A10 Networks by 45.6% during the 1st quarter. CWM LLC now owns 4,644 shares of the communications equipment provider’s stock worth $76,000 after buying an additional 1,454 shares during the period. 98.61% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other A10 Networks news, CFO Brian Becker sold 6,400 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $18.03, for a total transaction of $115,392.00. Following the completion of the transaction, the chief financial officer directly owned 77,599 shares of the company’s stock, valued at approximately $1,399,109.97. This represents a 7.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on ATEN shares. BTIG Research raised A10 Networks from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Wednesday, August 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of A10 Networks in a research note on Saturday, September 27th. Wall Street Zen raised A10 Networks from a “hold” rating to a “buy” rating in a research note on Sunday, August 10th. Mizuho started coverage on A10 Networks in a research note on Monday, July 14th. They set a “neutral” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft started coverage on A10 Networks in a research note on Friday, June 27th. They set a “buy” rating and a $22.00 price target on the stock. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, A10 Networks has an average rating of “Moderate Buy” and an average price target of $22.00.

A10 Networks Stock Performance

Shares of A10 Networks stock opened at $18.66 on Tuesday. The business has a 50 day moving average price of $17.80 and a 200-day moving average price of $17.58. A10 Networks, Inc. has a 52 week low of $13.81 and a 52 week high of $21.90. The company has a market cap of $1.35 billion, a PE ratio of 27.44 and a beta of 1.27. The company has a quick ratio of 4.04, a current ratio of 4.23 and a debt-to-equity ratio of 1.07.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Tuesday, August 5th. The communications equipment provider reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. A10 Networks had a return on equity of 25.46% and a net margin of 18.45%.The business had revenue of $69.38 million during the quarter, compared to analyst estimates of $65.99 million. During the same period in the prior year, the company earned $0.18 earnings per share. A10 Networks’s revenue was up 15.5% compared to the same quarter last year. Equities analysts anticipate that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, August 15th. A10 Networks’s dividend payout ratio is 35.29%.

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.