Teacher Retirement System of Texas Boosts Stock Position in A10 Networks, Inc. (NYSE:ATEN)

Teacher Retirement System of Texas boosted its holdings in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 62.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 362,318 shares of the communications equipment provider's stock after buying an additional 139,443 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.49% of A10 Networks worth $5,920,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ATEN. Sunbelt Securities Inc. purchased a new position in A10 Networks during the 4th quarter worth $50,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of A10 Networks during the fourth quarter worth about $161,000. Freestone Grove Partners LP purchased a new stake in shares of A10 Networks during the fourth quarter worth about $197,000. Sciencast Management LP purchased a new stake in A10 Networks during the 4th quarter worth approximately $198,000. Finally, iSAM Funds UK Ltd purchased a new stake in A10 Networks during the 4th quarter worth approximately $206,000. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

A10 Networks Price Performance

A10 Networks stock traded down $0.69 during midday trading on Thursday, reaching $18.90. The company had a trading volume of 870,340 shares, compared to its average volume of 986,063. The company has a market capitalization of $1.36 billion, a P/E ratio of 28.21, a P/E/G ratio of 4.62 and a beta of 1.39. A10 Networks, Inc. has a 12-month low of $12.27 and a 12-month high of $21.90. The firm's fifty day simple moving average is $17.98 and its 200-day simple moving average is $18.20. The company has a debt-to-equity ratio of 1.11, a current ratio of 4.05 and a quick ratio of 3.87.

A10 Networks (NYSE:ATEN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates 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 quarter last year, the firm posted $0.17 EPS. The firm's revenue for the quarter was up 8.9% on a year-over-year basis. As a group, equities analysts anticipate that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Thursday, May 15th. A10 Networks's payout ratio is 35.82%.

Insider Activity

In other news, General Counsel Robert Scott Weber sold 2,500 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $17.26, for a total transaction of $43,150.00. Following the sale, the general counsel owned 61,007 shares of the company's stock, valued at approximately $1,052,980.82. This represents a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.15% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ATEN. Wall Street Zen lowered shares of A10 Networks from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. Craig Hallum upgraded A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 target price on the stock in a research report on Friday, May 2nd. Raymond James Financial assumed coverage on shares of A10 Networks in a report on Wednesday, April 23rd. They issued a "market perform" rating on the stock. 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 price objective on the stock. Finally, BWS Financial reaffirmed a "buy" rating and issued a $24.00 price target on shares of A10 Networks in a report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $22.00.

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.