New York State Common Retirement Fund Has $1.50 Million Holdings in A10 Networks, Inc. (NYSE:ATEN)

New York State Common Retirement Fund trimmed its stake in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 16.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 91,545 shares of the communications equipment provider's stock after selling 17,531 shares during the quarter. New York State Common Retirement Fund owned about 0.12% of A10 Networks worth $1,496,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in ATEN. Quantbot Technologies LP raised its stake in shares of A10 Networks by 759.9% in the 4th quarter. Quantbot Technologies LP now owns 48,646 shares of the communications equipment provider's stock worth $895,000 after buying an additional 42,989 shares in the last quarter. American Century Companies Inc. grew its holdings in A10 Networks by 18.4% during the fourth quarter. American Century Companies Inc. now owns 177,702 shares of the communications equipment provider's stock worth $3,270,000 after acquiring an additional 27,585 shares during the period. KLP Kapitalforvaltning AS acquired a new position in A10 Networks during the fourth quarter worth about $1,104,000. Prudential Financial Inc. grew its holdings in A10 Networks by 78.6% during the fourth quarter. Prudential Financial Inc. now owns 272,394 shares of the communications equipment provider's stock worth $5,012,000 after acquiring an additional 119,856 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in A10 Networks by 47.2% during the fourth quarter. JPMorgan Chase & Co. now owns 477,311 shares of the communications equipment provider's stock worth $8,783,000 after acquiring an additional 153,116 shares during the period. 98.61% of the stock is currently owned by institutional investors and hedge funds.

A10 Networks Stock Down 0.9%

ATEN traded down $0.16 during trading on Friday, reaching $18.57. 420,275 shares of the stock traded hands, compared to its average volume of 897,567. A10 Networks, Inc. has a fifty-two week low of $12.27 and a fifty-two week high of $21.90. The stock's 50-day simple moving average is $18.28 and its two-hundred day simple moving average is $18.21. The company has a debt-to-equity ratio of 1.11, a current ratio of 4.05 and a quick ratio of 3.87. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 4.44 and a beta of 1.39.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. A10 Networks had a return on equity of 24.23% and a net margin of 18.70%. The company had revenue of $66.14 million for the quarter, compared to analyst estimates of $63.63 million. During the same period last year, the company earned $0.17 earnings per share. The business's revenue was up 8.9% compared to the same quarter last year. As a group, equities research analysts expect that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th were paid a $0.06 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.29%. A10 Networks's payout ratio is presently 35.82%.

Analyst Ratings Changes

Several research firms have recently weighed in on ATEN. 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. Raymond James Financial began coverage on A10 Networks in a research report on Wednesday, April 23rd. They issued a "market perform" rating for the company. Craig Hallum raised A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 target price for the company in a research report on Friday, May 2nd. BWS Financial reaffirmed a "buy" rating and issued a $24.00 target price on shares of A10 Networks in a research report on Friday, May 2nd. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of A10 Networks in a research report on Thursday, July 17th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, A10 Networks has a consensus rating of "Moderate Buy" and an average target price of $22.00.

Insider Activity at A10 Networks

In other news, General Counsel Robert Scott Weber sold 2,500 shares of A10 Networks stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $17.26, for a total value of $43,150.00. Following the transaction, the general counsel directly owned 61,007 shares in the company, valued at approximately $1,052,980.82. The trade was a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.15% of the company's stock.

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.