A10 Networks, Inc. $ATEN Shares Bought by Public Sector Pension Investment Board

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 grew its holdings in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 27.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 233,720 shares of the communications equipment provider's stock after buying an additional 49,805 shares during the quarter. Public Sector Pension Investment Board owned 0.32% of A10 Networks worth $3,819,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ATEN. Nuveen LLC bought a new stake in A10 Networks during the first quarter worth approximately $3,262,000. Virtu Financial LLC purchased a new stake in A10 Networks during the first quarter valued at approximately $211,000. Invesco Ltd. raised its position in A10 Networks by 184.7% during the first quarter. Invesco Ltd. now owns 1,045,406 shares of the communications equipment provider's stock valued at $17,082,000 after purchasing an additional 678,207 shares during the period. CenterBook Partners LP purchased a new stake in A10 Networks during the first quarter valued at approximately $206,000. Finally, Charles Schwab Investment Management Inc. raised its position in A10 Networks by 1.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 675,676 shares of the communications equipment provider's stock valued at $11,041,000 after purchasing an additional 7,246 shares during the period. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ATEN has been the topic of a number of recent research reports. Mizuho initiated coverage on A10 Networks in a research report on Monday, July 14th. They set a "neutral" rating on the stock. Craig Hallum upgraded shares of A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 target price for the company in a report on Friday, May 2nd. Wall Street Zen raised shares of A10 Networks from a "hold" rating to a "buy" rating in a research note on Sunday, August 10th. BTIG Research raised shares of A10 Networks from a "neutral" rating to a "buy" rating and set a $22.00 price objective for the company in a research note on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of A10 Networks in a research note on Friday, June 27th. They issued a "buy" rating and a $22.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $22.00.

A10 Networks Trading Up 2.4%

Shares of NYSE:ATEN traded up $0.4060 during trading on Friday, reaching $17.3960. 568,457 shares of the company were exchanged, compared to its average volume of 809,995. The firm has a market capitalization of $1.26 billion, a PE ratio of 25.58 and a beta of 1.35. The business's fifty day simple moving average is $18.38 and its 200-day simple moving average is $18.00. A10 Networks, Inc. has a 12-month low of $12.72 and a 12-month high of $21.90. 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 issued 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. The business had revenue of $69.38 million for the quarter, compared to analyst estimates of $65.99 million. A10 Networks had a net margin of 18.45% and a return on equity of 25.46%. The company's quarterly revenue was up 15.5% compared to the same quarter last year. During the same period last year, the company posted $0.18 earnings per share. On average, research analysts anticipate that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.4%. A10 Networks's dividend payout ratio (DPR) is 35.29%.

Insider Buying and Selling

In related news, General Counsel Robert Scott Weber sold 2,500 shares of A10 Networks stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $17.26, for a total transaction of $43,150.00. Following the transaction, the general counsel directly owned 61,007 shares of the company's stock, valued at $1,052,980.82. This trade represents a 3.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Brian Becker sold 6,400 shares of A10 Networks stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $18.03, for a total transaction of $115,392.00. Following the transaction, the chief financial officer directly 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 disclosure for this sale can be found here. Company insiders own 1.15% of the company's stock.

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.