MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 202,453 Shares of A10 Networks, Inc. $ATEN

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in A10 Networks by 8.2% in the first quarter, now holding approximately 3.72% of the company, valued at $43.84 million.
• A10 Networks reported a 15.5% year-over-year increase in quarterly revenue, reaching $69.38 million, with earnings per share of $0.21, exceeding analysts' expectations.
• The company recently announced a quarterly dividend of $0.06 per share, which represents a 1.4% annual yield, and has a payout ratio of 35.29%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 8.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,682,442 shares of the communications equipment provider's stock after purchasing an additional 202,453 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 3.72% of A10 Networks worth $43,840,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. raised its holdings in shares of A10 Networks by 27.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 482,366 shares of the communications equipment provider's stock worth $7,882,000 after acquiring an additional 103,560 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of A10 Networks by 696.5% in the 1st quarter. Cubist Systematic Strategies LLC now owns 103,654 shares of the communications equipment provider's stock worth $1,694,000 after acquiring an additional 90,640 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of A10 Networks by 131.3% in the 1st quarter. Royal Bank of Canada now owns 213,118 shares of the communications equipment provider's stock worth $3,482,000 after acquiring an additional 120,966 shares during the last quarter. DRW Securities LLC acquired a new stake in shares of A10 Networks in the 1st quarter worth about $188,000. Finally, Vident Advisory LLC acquired a new stake in shares of A10 Networks in the 1st quarter worth about $2,060,000. Institutional investors and hedge funds own 98.61% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ATEN. Mizuho began coverage on shares of A10 Networks in a report on Monday, July 14th. They issued a "neutral" rating on the stock. BTIG Research upgraded shares of A10 Networks from a "neutral" rating to a "buy" rating and set a $22.00 target price on the stock in a report on Wednesday, August 6th. Weiss Ratings restated a "hold (c+)" rating on shares of A10 Networks in a report on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft began coverage on shares of A10 Networks in a report on Friday, June 27th. They issued a "buy" rating and a $22.00 target price on the stock. Finally, Wall Street Zen upgraded shares of A10 Networks from a "hold" rating to a "buy" rating in a report on Sunday, August 10th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.00.

Insider Buying and Selling

In related news, CFO Brian Becker sold 6,400 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $18.03, for a total value 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 trade represents a 7.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.15% of the company's stock.

A10 Networks Stock Performance

Shares of A10 Networks stock traded down $0.44 on Friday, reaching $17.43. 112,100 shares of the company traded hands, compared to its average volume of 931,961. A10 Networks, Inc. has a 52 week low of $13.30 and a 52 week high of $21.90. The company has a 50 day moving average of $18.04 and a 200 day moving average of $17.70. The firm has a market capitalization of $1.26 billion, a PE ratio of 25.63 and a beta of 1.37. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.23 and a quick ratio of 4.04.

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 analysts' consensus estimates of $0.20 by $0.01. The firm had revenue of $69.38 million during the quarter, compared to the consensus estimate of $65.99 million. A10 Networks had a net margin of 18.45% and a return on equity of 25.46%. The company's revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.18 EPS. Equities analysts forecast that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.24 annualized dividend and a yield of 1.4%. A10 Networks's dividend payout ratio (DPR) is 35.29%.

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.