Mirae Asset Global Investments Co. Ltd. Boosts Holdings in A10 Networks, Inc. (NYSE:ATEN)

Mirae Asset Global Investments Co. Ltd. grew its stake in A10 Networks, Inc. (NYSE:ATEN) by 11.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,280 shares of the communications equipment provider’s stock after purchasing an additional 3,742 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.05% of A10 Networks worth $690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Guidance Capital Inc. grew its holdings in A10 Networks by 2.0% during the 3rd quarter. Guidance Capital Inc. now owns 36,355 shares of the communications equipment provider’s stock worth $530,000 after acquiring an additional 718 shares in the last quarter. GAMMA Investing LLC lifted its position in A10 Networks by 43.5% in the fourth quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock valued at $45,000 after acquiring an additional 744 shares during the last quarter. Martingale Asset Management L P boosted its stake in A10 Networks by 0.8% in the third quarter. Martingale Asset Management L P now owns 101,051 shares of the communications equipment provider’s stock valued at $1,459,000 after acquiring an additional 770 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of A10 Networks by 2.9% during the second quarter. The Manufacturers Life Insurance Company now owns 27,239 shares of the communications equipment provider’s stock worth $377,000 after purchasing an additional 776 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its holdings in shares of A10 Networks by 1.5% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 54,664 shares of the communications equipment provider’s stock valued at $789,000 after purchasing an additional 814 shares during the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.

A10 Networks Price Performance

ATEN stock opened at $20.98 on Thursday. The company has a 50-day moving average of $18.92 and a two-hundred day moving average of $16.00. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 31.31 and a beta of 1.14. A10 Networks, Inc. has a 52-week low of $12.27 and a 52-week high of $21.10.

A10 Networks (NYSE:ATEN) last released its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. Equities analysts expect that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Friday, February 14th. A10 Networks’s dividend payout ratio (DPR) is currently 35.82%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ATEN. StockNews.com downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Monday. Craig Hallum upped their price objective on A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Wednesday, February 5th. Finally, BWS Financial reissued a “buy” rating and set a $24.00 price objective on shares of A10 Networks in a research note on Wednesday, February 5th.

A10 Networks 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.