Canada Pension Plan Investment Board Grows Position in A10 Networks, Inc. $ATEN

Key Points

• The Canada Pension Plan Investment Board increased its stake in A10 Networks by 165.5% during Q1, owning approximately 0.15% of the company worth $1.79 million.
• A10 Networks reported $0.21 earnings per share for the last quarter, surpassing analysts' expectations of $0.20, and showing a year-over-year revenue increase of 15.5%.
• The company announced a quarterly dividend of $0.06, with a current dividend yield of 1.3% and a payout ratio of 35.29%.

Canada Pension Plan Investment Board grew its holdings in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 165.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 109,400 shares of the communications equipment provider's stock after buying an additional 68,200 shares during the period. Canada Pension Plan Investment Board owned approximately 0.15% of A10 Networks worth $1,788,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vestcor Inc bought a new stake in shares of A10 Networks in the 1st quarter worth $44,000. Sunbelt Securities Inc. purchased a new stake in A10 Networks during the fourth quarter worth about $50,000. Caitong International Asset Management Co. Ltd purchased a new stake in A10 Networks during the first quarter worth about $55,000. CWM LLC increased its holdings in A10 Networks by 45.6% during the first 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 last quarter. Finally, iSAM Funds UK Ltd purchased a new stake in A10 Networks during the fourth quarter worth about $206,000. 98.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ATEN. Weiss Ratings reiterated a "hold (c+)" rating on shares of A10 Networks in a research report on Wednesday. Wall Street Zen raised shares of A10 Networks from a "hold" rating to a "buy" rating in a research note on Sunday, August 10th. Deutsche Bank Aktiengesellschaft began coverage on A10 Networks in a research note on Friday, June 27th. They set a "buy" rating and a $22.00 price objective for the company. BTIG Research raised A10 Networks from a "neutral" rating to a "buy" rating and set a $22.00 price target for the company in a research report on Wednesday, August 6th. Finally, Mizuho assumed coverage on shares of A10 Networks in a report on Monday, July 14th. They issued a "neutral" rating on the stock. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $22.00.

Insider Transactions at A10 Networks

In other news, CFO Brian Becker sold 6,400 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $18.03, for a total transaction of $115,392.00. Following the sale, the chief financial officer owned 77,599 shares in the company, valued at approximately $1,399,109.97. The trade was a 7.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.15% of the stock is owned by company insiders.

A10 Networks Price Performance

Shares of NYSE ATEN traded down $0.19 during midday trading on Friday, reaching $17.63. 566,487 shares of the stock traded hands, compared to its average volume of 673,390. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.23 and a quick ratio of 4.04. The stock has a market capitalization of $1.27 billion, a PE ratio of 25.93 and a beta of 1.37. A10 Networks, Inc. has a one year low of $12.72 and a one year high of $21.90. The company's 50 day moving average is $18.21 and its 200 day moving average is $17.74.

A10 Networks (NYSE:ATEN - Get Free Report) last released its earnings results 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 firm had revenue of $69.38 million for the quarter, compared to the consensus estimate of $65.99 million. During the same quarter in the previous year, the company posted $0.18 EPS. The company's revenue for the quarter was up 15.5% compared to the same quarter last year. On average, equities research analysts anticipate that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.24 dividend on an annualized basis and a yield of 1.4%. A10 Networks's dividend payout ratio (DPR) is presently 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.