New York State Common Retirement Fund Sells 62,644 Shares of A10 Networks, Inc. (NYSE:ATEN)

New York State Common Retirement Fund cut its stake in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 34.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 117,198 shares of the communications equipment provider's stock after selling 62,644 shares during the period. New York State Common Retirement Fund owned approximately 0.16% of A10 Networks worth $1,543,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. raised its holdings in shares of A10 Networks by 6.5% in the 4th 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. Los Angeles Capital Management LLC raised its stake in A10 Networks by 1.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 96,250 shares of the communications equipment provider's stock valued at $1,447,000 after purchasing an additional 1,012 shares during the period. Swiss National Bank lifted its stake in A10 Networks by 0.8% in the 3rd quarter. Swiss National Bank now owns 154,500 shares of the communications equipment provider's stock worth $2,322,000 after acquiring an additional 1,300 shares in the last quarter. Verity Asset Management Inc. increased its stake in A10 Networks by 1.7% in the 3rd quarter. Verity Asset Management Inc. now owns 91,666 shares of the communications equipment provider's stock valued at $1,378,000 after buying an additional 1,515 shares during the period. Finally, Amalgamated Bank boosted its holdings in shares of A10 Networks by 5.2% during the 3rd quarter. Amalgamated Bank now owns 31,572 shares of the communications equipment provider's stock worth $475,000 after buying an additional 1,565 shares during the period. 98.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on ATEN shares. Craig Hallum raised their target price on A10 Networks from $15.00 to $16.00 and gave the stock a "buy" rating in a research report on Wednesday, May 1st. BWS Financial restated a "buy" rating and set a $17.00 price objective on shares of A10 Networks in a report on Wednesday, May 1st.

Insider Transactions at A10 Networks

In related news, CFO Brian Becker sold 15,000 shares of A10 Networks stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $12.93, for a total transaction of $193,950.00. Following the transaction, the chief financial officer now owns 34,252 shares of the company's stock, valued at $442,878.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Brian Becker sold 15,000 shares of the business's stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $12.93, for a total transaction of $193,950.00. Following the sale, the chief financial officer now directly owns 34,252 shares in the company, valued at approximately $442,878.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Dhrupad Trivedi sold 60,606 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $13.27, for a total transaction of $804,241.62. Following the completion of the transaction, the chief executive officer now directly owns 495,814 shares of the company's stock, valued at approximately $6,579,451.78. The disclosure for this sale can be found here. Corporate insiders own 5.82% of the company's stock.

A10 Networks Stock Performance

NYSE ATEN traded up $0.02 during trading on Friday, hitting $15.52. The stock had a trading volume of 766,371 shares, compared to its average volume of 671,710. The company has a market capitalization of $1.16 billion, a PE ratio of 25.44 and a beta of 1.13. A10 Networks, Inc. has a 12 month low of $10.03 and a 12 month high of $15.99. The company's 50-day moving average price is $13.80 and its two-hundred day moving average price is $13.11.

A10 Networks (NYSE:ATEN - Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The communications equipment provider reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. A10 Networks had a net margin of 17.96% and a return on equity of 22.42%. The firm had revenue of $60.70 million for the quarter, compared to the consensus estimate of $59.43 million. During the same period in the previous year, the company earned $0.09 earnings per share. The company's quarterly revenue was up 5.2% on a year-over-year basis. As a group, equities analysts anticipate that A10 Networks, Inc. will post 0.66 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Tuesday, May 14th. A10 Networks's dividend payout ratio is presently 39.34%.

A10 Networks Company 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.