New York State Teachers Retirement System Increases Stock Position in A10 Networks, Inc. (NYSE:ATEN)

New York State Teachers Retirement System lifted its holdings in shares of A10 Networks, Inc. (NYSE:ATEN) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,058 shares of the communications equipment provider’s stock after buying an additional 879 shares during the quarter. New York State Teachers Retirement System owned about 0.05% of A10 Networks worth $719,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ATEN. Harbor Capital Advisors Inc. lifted its stake in shares of A10 Networks by 175.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 795,628 shares of the communications equipment provider’s stock valued at $11,489,000 after buying an additional 506,332 shares in the last quarter. Weiss Asset Management LP purchased a new stake in shares of A10 Networks during the 3rd quarter valued at approximately $2,295,000. Impax Asset Management Group plc lifted its stake in shares of A10 Networks by 25.0% during the 3rd quarter. Impax Asset Management Group plc now owns 687,500 shares of the communications equipment provider’s stock valued at $9,928,000 after buying an additional 137,500 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of A10 Networks by 59.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 324,195 shares of the communications equipment provider’s stock valued at $4,681,000 after buying an additional 120,342 shares in the last quarter. Finally, Barclays PLC lifted its stake in shares of A10 Networks by 234.1% during the 3rd quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider’s stock valued at $2,198,000 after buying an additional 106,672 shares in the last quarter. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ATEN has been the topic of a number of recent research reports. Craig Hallum upped their price target on shares of A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Wednesday, February 5th. BWS Financial reiterated a “buy” rating and issued a $24.00 target price on shares of A10 Networks in a research note on Wednesday, February 5th. Finally, StockNews.com cut shares of A10 Networks from a “buy” rating to a “hold” rating in a research note on Friday.

A10 Networks Price Performance

NYSE ATEN opened at $20.32 on Monday. A10 Networks, Inc. has a 1 year low of $12.27 and a 1 year high of $21.90. The stock has a market capitalization of $1.50 billion, a PE ratio of 30.32 and a beta of 1.14. The company’s 50 day simple moving average is $19.38 and its two-hundred day simple moving average is $16.46.

A10 Networks (NYSE:ATEN) last posted its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.03. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. On average, research analysts anticipate that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Friday, February 14th. A10 Networks’s payout ratio is 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.