Impax Asset Management Group plc Buys 125,000 Shares of A10 Networks, Inc. (NYSE:ATEN)

Impax Asset Management Group plc boosted its stake in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 19.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 775,000 shares of the communications equipment provider's stock after acquiring an additional 125,000 shares during the quarter. Impax Asset Management Group plc owned 1.05% of A10 Networks worth $10,207,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Osaic Holdings Inc. boosted its holdings in shares of A10 Networks by 44.3% in the 2nd quarter. Osaic Holdings Inc. now owns 2,419 shares of the communications equipment provider's stock worth $35,000 after acquiring an additional 743 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in A10 Networks by 6.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 13,373 shares of the communications equipment provider's stock worth $176,000 after purchasing an additional 816 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of A10 Networks by 17.5% during the second quarter. Ameritas Investment Partners Inc. now owns 5,836 shares of the communications equipment provider's stock worth $85,000 after purchasing an additional 868 shares during the last quarter. Advisor Group Holdings Inc. increased its stake in shares of A10 Networks by 59.6% in the fourth quarter. Advisor Group Holdings Inc. now owns 2,527 shares of the communications equipment provider's stock valued at $42,000 after buying an additional 944 shares in the last quarter. Finally, Baird Financial Group Inc. raised its holdings in shares of A10 Networks by 7.8% in the fourth quarter. Baird Financial Group Inc. now owns 13,860 shares of the communications equipment provider's stock valued at $230,000 after buying an additional 1,006 shares during the last quarter. 98.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, BWS Financial increased their price objective on shares of A10 Networks from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Wednesday, February 7th.

A10 Networks Stock Down 3.6 %

NYSE:ATEN traded down $0.49 during trading hours on Wednesday, hitting $13.20. 412,135 shares of the stock were exchanged, compared to its average volume of 684,466. A10 Networks, Inc. has a twelve month low of $10.03 and a twelve month high of $15.99. The company has a market capitalization of $983.03 million, a P/E ratio of 24.90 and a beta of 1.10. The company's 50 day moving average is $13.45 and its two-hundred day moving average is $12.90.

A10 Networks (NYSE:ATEN - Get Free Report) last announced its earnings results on Tuesday, February 6th. The communications equipment provider reported $0.22 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 for the quarter, compared to analyst estimates of $76.95 million. On average, equities research analysts expect that A10 Networks, Inc. will post 0.66 EPS for the current year.

A10 Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were given a $0.06 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.24 annualized dividend and a yield of 1.82%. A10 Networks's dividend payout ratio is currently 45.28%.

Insider Buying and Selling

In other A10 Networks news, CFO Brian Becker sold 15,000 shares of A10 Networks stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $12.93, for a total value of $193,950.00. Following the sale, the chief financial officer now owns 34,252 shares of the company's stock, valued at approximately $442,878.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Dhrupad Trivedi sold 21,498 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $13.58, for a total transaction of $291,942.84. Following the completion of the transaction, the chief executive officer now owns 461,507 shares in the company, valued at $6,267,265.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian Becker sold 15,000 shares of A10 Networks stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $12.93, for a total transaction of $193,950.00. Following the completion of the sale, the chief financial officer now owns 34,252 shares in the company, valued at $442,878.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 152,828 shares of company stock valued at $2,032,990. Company insiders own 5.82% of the company's stock.

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.