Mirae Asset Global Investments Co. Ltd. Increases Position in A10 Networks, Inc. (NYSE:ATEN)

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 37.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,486,953 shares of the communications equipment provider's stock after acquiring an additional 676,509 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 3.35% of A10 Networks worth $32,753,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in A10 Networks by 4.1% in the 2nd quarter. BlackRock Inc. now owns 12,334,273 shares of the communications equipment provider's stock worth $179,957,000 after purchasing an additional 485,884 shares during the last quarter. Vanguard Group Inc. increased its holdings in A10 Networks by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 6,965,847 shares of the communications equipment provider's stock valued at $104,697,000 after purchasing an additional 185,362 shares in the last quarter. Alliancebernstein L.P. increased its holdings in A10 Networks by 14.9% during the 2nd quarter. Alliancebernstein L.P. now owns 2,772,896 shares of the communications equipment provider's stock valued at $40,457,000 after purchasing an additional 359,016 shares in the last quarter. State Street Corp increased its stake in shares of A10 Networks by 8.5% in the 2nd quarter. State Street Corp now owns 2,564,703 shares of the communications equipment provider's stock valued at $37,419,000 after buying an additional 201,475 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of A10 Networks by 10.6% in the 2nd quarter. Legal & General Group Plc now owns 2,349,041 shares of the communications equipment provider's stock valued at $33,780,000 after buying an additional 224,926 shares during the period. Institutional investors own 98.61% of the company's stock.

Analyst Ratings Changes

Separately, BWS Financial lifted their target price on A10 Networks from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Wednesday, February 7th.

A10 Networks Trading Up 0.6 %

Shares of NYSE:ATEN traded up $0.09 during midday trading on Monday, hitting $13.53. The company had a trading volume of 331,583 shares, compared to its average volume of 693,900. A10 Networks, Inc. has a 12 month low of $10.03 and a 12 month high of $15.99. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 25.52 and a beta of 1.10. The firm has a fifty day simple moving average of $13.45 and a 200 day simple moving average of $12.91.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). A10 Networks had a return on equity of 21.67% and a net margin of 15.88%. The company had revenue of $70.42 million during the quarter, compared to the consensus estimate of $76.95 million. Equities analysts forecast that A10 Networks, Inc. will post 0.66 EPS for the current fiscal year.

A10 Networks Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.24 annualized dividend and a yield of 1.77%. A10 Networks's dividend payout ratio is presently 45.28%.

Insiders Place Their Bets

In other A10 Networks news, CEO Dhrupad Trivedi sold 8,809 shares of A10 Networks stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $14.03, for a total transaction of $123,590.27. Following the transaction, the chief executive officer now directly owns 483,005 shares in the company, valued at $6,776,560.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Brian Becker sold 2,047 shares of the business's stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $13.06, for a total value of $26,733.82. Following the sale, the chief financial officer now directly owns 49,252 shares in the company, valued at $643,231.12. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Dhrupad Trivedi sold 8,809 shares of A10 Networks stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $14.03, for a total value of $123,590.27. Following the completion of the sale, the chief executive officer now directly owns 483,005 shares in the company, valued at approximately $6,776,560.15. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 152,828 shares of company stock worth $2,032,990. Corporate insiders own 5.82% 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.