Impax Asset Management Group plc Sells 100,000 Shares of A10 Networks, Inc. (NYSE:ATEN)

Impax Asset Management Group plc reduced its holdings in shares of A10 Networks, Inc. (NYSE:ATEN) by 14.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 587,500 shares of the communications equipment provider’s stock after selling 100,000 shares during the quarter. Impax Asset Management Group plc owned approximately 0.80% of A10 Networks worth $10,810,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its holdings in A10 Networks by 2.6% during the third quarter. State of Alaska Department of Revenue now owns 42,151 shares of the communications equipment provider’s stock worth $608,000 after purchasing an additional 1,060 shares during the last quarter. New York State Teachers Retirement System boosted its stake in shares of A10 Networks by 22.0% during the 3rd quarter. New York State Teachers Retirement System now owns 38,179 shares of the communications equipment provider’s stock worth $551,000 after buying an additional 6,893 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of A10 Networks by 175.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 795,628 shares of the communications equipment provider’s stock valued at $11,489,000 after acquiring an additional 506,332 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of A10 Networks by 11.8% in the third quarter. Principal Financial Group Inc. now owns 389,088 shares of the communications equipment provider’s stock valued at $5,618,000 after acquiring an additional 41,141 shares during the last quarter. Finally, Meritage Portfolio Management raised its holdings in A10 Networks by 9.3% during the third quarter. Meritage Portfolio Management now owns 33,263 shares of the communications equipment provider’s stock worth $480,000 after acquiring an additional 2,835 shares in the last quarter. 98.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ATEN shares. StockNews.com lowered A10 Networks from a “buy” rating to a “hold” rating in a research report on Friday. Craig Hallum raised their target price on shares of A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Wednesday, February 5th. Finally, BWS Financial reaffirmed a “buy” rating and set a $24.00 price target on shares of A10 Networks in a research report on Wednesday, February 5th.

A10 Networks Stock Down 0.6 %

NYSE:ATEN opened at $20.19 on Tuesday. A10 Networks, Inc. has a 12-month low of $12.27 and a 12-month high of $21.90. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 30.13 and a beta of 1.14. The stock’s 50 day moving average price is $19.40 and its two-hundred day moving average price is $16.51.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. Equities research analysts expect that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Friday, February 14th. A10 Networks’s payout ratio is 35.82%.

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.