Strs Ohio Acquires 38,500 Shares of A10 Networks, Inc. (NYSE:ATEN)

Strs Ohio boosted its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 356.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,300 shares of the communications equipment provider’s stock after purchasing an additional 38,500 shares during the period. Strs Ohio owned about 0.07% of A10 Networks worth $649,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ATEN. Meeder Asset Management Inc. bought a new position in A10 Networks during the 4th quarter valued at about $163,000. Harbor Capital Advisors Inc. grew its holdings in A10 Networks by 6.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 13,373 shares of the communications equipment provider’s stock valued at $176,000 after purchasing an additional 816 shares during the last quarter. Quantbot Technologies LP bought a new position in A10 Networks during the 3rd quarter valued at about $181,000. Teza Capital Management LLC bought a new position in A10 Networks during the 3rd quarter valued at about $227,000. Finally, Diversified Trust Co bought a new position in A10 Networks during the 4th quarter valued at about $228,000. 98.61% of the stock is currently owned by institutional investors.

A10 Networks Price Performance

A10 Networks stock opened at $13.58 on Friday. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 25.62 and a beta of 1.10. A10 Networks, Inc. has a 1 year low of $10.03 and a 1 year high of $15.99. The firm has a 50-day moving average of $13.48 and a two-hundred day moving average of $12.86.

A10 Networks (NYSE:ATEN) last released its quarterly earnings data 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). The company had revenue of $70.42 million during the quarter, compared to analysts’ expectations of $76.95 million. A10 Networks had a net margin of 15.88% and a return on equity of 21.67%. Research analysts expect that A10 Networks, Inc. will post 0.66 earnings per share for the current year.

A10 Networks Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, BWS Financial boosted their price objective on shares of A10 Networks from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th.

Insider Transactions at A10 Networks

In other news, CFO Brian Becker sold 4,348 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $13.21, for a total value of $57,437.08. Following the completion of the sale, the chief financial officer now owns 51,299 shares of the company’s stock, valued at approximately $677,659.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Brian Becker sold 4,348 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $13.21, for a total value of $57,437.08. Following the completion of the sale, the chief financial officer now owns 51,299 shares of the company’s stock, valued at approximately $677,659.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dhrupad Trivedi sold 8,679 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $13.06, for a total transaction of $113,347.74. Following the completion of the sale, the chief executive officer now directly owns 556,420 shares of the company’s stock, valued at approximately $7,266,845.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 142,644 shares of company stock valued at $1,890,109. Company insiders own 5.81% 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.