Public Sector Pension Investment Board Grows Stock Holdings in A10 Networks, Inc. $ATEN

Key Points

• The **Public Sector Pension Investment Board** increased its stake in **A10 Networks** by **27.1%**, owning **233,720 shares** valued at approximately **$3.82 million** as of the latest SEC filing.
• Analysts have shown positive sentiments towards A10 Networks, with **seven analysts giving a "buy" rating**, and a consensus target price set at **$22.00** for the stock.
• A10 Networks recently declared a quarterly dividend of **$0.06**, resulting in an **annual yield of 1.4%**, payable on **September 2nd** to record holders as of **August 15th**.

Public Sector Pension Investment Board raised its position in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 27.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 233,720 shares of the communications equipment provider's stock after buying an additional 49,805 shares during the period. Public Sector Pension Investment Board owned about 0.32% of A10 Networks worth $3,819,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of ATEN. Vestcor Inc purchased a new position in A10 Networks in the first quarter valued at $44,000. Sunbelt Securities Inc. purchased a new position in A10 Networks in the fourth quarter valued at $50,000. CWM LLC boosted its holdings in A10 Networks by 45.6% in the first quarter. CWM LLC now owns 4,644 shares of the communications equipment provider's stock valued at $76,000 after purchasing an additional 1,454 shares during the period. Freestone Grove Partners LP purchased a new position in A10 Networks in the fourth quarter valued at $197,000. Finally, iSAM Funds UK Ltd purchased a new position in A10 Networks in the fourth quarter valued at $206,000. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ATEN has been the topic of a number of analyst reports. Mizuho initiated coverage on A10 Networks in a research note on Monday, July 14th. They issued a "neutral" rating on the stock. Wall Street Zen upgraded A10 Networks from a "hold" rating to a "buy" rating in a research note on Sunday, August 10th. BTIG Research upgraded A10 Networks from a "neutral" rating to a "buy" rating and set a $22.00 price target on the stock in a research note on Wednesday, August 6th. Weiss Ratings restated a "hold (c+)" rating on shares of A10 Networks in a research note on Saturday. Finally, Craig Hallum upgraded A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 price target on the stock in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $22.00.

Insider Activity

In related 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 value of $115,392.00. Following the transaction, the chief financial officer owned 77,599 shares in the company, valued at $1,399,109.97. The trade was a 7.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Robert Scott Weber sold 2,500 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $17.26, for a total value of $43,150.00. Following the completion of the transaction, the general counsel owned 61,007 shares in the company, valued at $1,052,980.82. This trade represents a 3.94% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.15% of the company's stock.

A10 Networks Stock Down 0.0%

ATEN opened at $17.18 on Tuesday. The business's 50-day simple moving average is $18.44 and its 200-day simple moving average is $18.09. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.04 and a current ratio of 4.23. A10 Networks, Inc. has a one year low of $12.72 and a one year high of $21.90. The stock has a market capitalization of $1.24 billion, a P/E ratio of 25.26 and a beta of 1.35.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its earnings results on Tuesday, August 5th. The communications equipment provider reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. A10 Networks had a return on equity of 25.46% and a net margin of 18.45%. The business had revenue of $69.38 million for the quarter, compared to analysts' expectations of $65.99 million. During the same quarter in the previous year, the firm earned $0.18 earnings per share. The business's revenue was up 15.5% compared to the same quarter last year. Analysts anticipate that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, August 15th. A10 Networks's payout ratio is 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.

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