New York State Common Retirement Fund increased its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 3.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 201,760 shares of the communications equipment provider’s stock after purchasing an additional 7,061 shares during the quarter. New York State Common Retirement Fund owned approximately 0.26% of A10 Networks worth $2,720,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in A10 Networks by 11.6% in the 2nd quarter. Vanguard Group Inc. now owns 5,376,131 shares of the communications equipment provider’s stock worth $60,535,000 after buying an additional 558,820 shares during the period. State Street Corp boosted its holdings in A10 Networks by 24.3% in the 2nd quarter. State Street Corp now owns 1,829,338 shares of the communications equipment provider’s stock worth $20,598,000 after buying an additional 357,761 shares during the period. Bank of New York Mellon Corp boosted its holdings in A10 Networks by 8.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,541,251 shares of the communications equipment provider’s stock worth $17,354,000 after buying an additional 116,336 shares during the period. Geode Capital Management LLC lifted its stake in A10 Networks by 6.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,104,131 shares of the communications equipment provider’s stock worth $12,432,000 after purchasing an additional 68,970 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in A10 Networks by 370.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,078,065 shares of the communications equipment provider’s stock worth $12,139,000 after purchasing an additional 848,779 shares in the last quarter. 85.99% of the stock is owned by institutional investors and hedge funds.
Separately, BWS Financial lifted their target price on shares of A10 Networks from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, October 29th.
In other news, EVP Matthew P. Bruening sold 14,162 shares of A10 Networks stock in a transaction on Monday, November 1st. The stock was sold at an average price of $17.96, for a total transaction of $254,349.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eric Singer sold 1,018,000 shares of A10 Networks stock in a transaction dated Monday, November 1st. The shares were sold at an average price of $16.01, for a total value of $16,298,180.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,618,304 shares of company stock valued at $40,969,988. 23.73% of the stock is currently owned by insiders.
A10 Networks stock opened at $14.95 on Monday. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 13.00 and a beta of 1.05. The stock has a fifty day simple moving average of $15.87 and a two-hundred day simple moving average of $14.02. A10 Networks, Inc. has a 12 month low of $8.42 and a 12 month high of $19.05.
A10 Networks (NYSE:ATEN) last released its quarterly earnings results on Wednesday, October 27th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.03. The firm had revenue of $65.36 million for the quarter, compared to the consensus estimate of $63.12 million. A10 Networks had a return on equity of 23.62% and a net margin of 38.01%. During the same period last year, the business posted $0.08 EPS. On average, research analysts expect that A10 Networks, Inc. will post 0.34 earnings per share for the current fiscal year.
The business also recently disclosed a Not Available dividend, which was paid on Wednesday, December 15th. Stockholders of record on Friday, November 12th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, November 10th. A10 Networks’s payout ratio is currently 4.35%.
A10 Networks Company Profile
A10 Networks, Inc engages in the provision of application networking solutions that help organizations ensure that their data center applications and networks remain available, accelerated, and secure. It offers cloud storage, enterprise solutions, security products, data center, application delivery, load balancing, and distributed denial of service protection.
Further Reading: Benefits of owning preferred stock
Want More Great Investing Ideas?