New York State Common Retirement Fund Sells 17,531 Shares of A10 Networks, Inc. (NYSE:ATEN)

New York State Common Retirement Fund reduced its holdings in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 16.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 91,545 shares of the communications equipment provider's stock after selling 17,531 shares during the period. New York State Common Retirement Fund owned approximately 0.12% of A10 Networks worth $1,496,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ATEN. Sunbelt Securities Inc. bought a new position in A10 Networks in the 4th quarter worth approximately $50,000. Freestone Grove Partners LP acquired a new stake in shares of A10 Networks during the 4th quarter worth approximately $197,000. iSAM Funds UK Ltd acquired a new stake in shares of A10 Networks during the 4th quarter worth approximately $206,000. Polymer Capital Management US LLC acquired a new stake in shares of A10 Networks during the 4th quarter worth approximately $210,000. Finally, Linden Thomas Advisory Services LLC grew its holdings in shares of A10 Networks by 7.9% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 13,155 shares of the communications equipment provider's stock worth $215,000 after purchasing an additional 963 shares in the last quarter. 98.61% of the stock is owned by institutional investors.

A10 Networks Price Performance

ATEN stock traded down $0.09 during trading on Monday, hitting $18.49. The company had a trading volume of 623,212 shares, compared to its average volume of 842,841. The company has a fifty day moving average price of $18.32 and a two-hundred day moving average price of $18.20. The company has a current ratio of 4.05, a quick ratio of 3.87 and a debt-to-equity ratio of 1.11. The company has a market cap of $1.33 billion, a P/E ratio of 27.60, a P/E/G ratio of 4.40 and a beta of 1.39. A10 Networks, Inc. has a fifty-two week low of $12.27 and a fifty-two week high of $21.90.

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

A10 Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Thursday, May 15th. A10 Networks's dividend payout ratio is currently 35.82%.

Wall Street Analyst Weigh In

ATEN has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on A10 Networks in a report on Friday, June 27th. They set a "buy" rating and a $22.00 price objective on the stock. Mizuho started coverage on A10 Networks in a report on Monday, July 14th. They set a "neutral" rating on the stock. BWS Financial reaffirmed a "buy" rating and issued a $24.00 price target on shares of A10 Networks in a research note on Friday, May 2nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of A10 Networks in a research note on Thursday, July 17th. Finally, Raymond James Financial started coverage on A10 Networks in a research note on Wednesday, April 23rd. They issued a "market perform" rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $22.00.

Insider Buying and Selling

In other A10 Networks news, General Counsel Robert Scott Weber sold 2,500 shares of the business's stock in a transaction on 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 owned 61,007 shares of the company's stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.15% of the company's stock.

A10 Networks Company 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.