Teacher Retirement System of Texas Raises Stake in A10 Networks, Inc. (NYSE:ATEN)

Teacher Retirement System of Texas grew its position in A10 Networks, Inc. (NYSE:ATEN) by 87.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 222,875 shares of the communications equipment provider’s stock after purchasing an additional 103,673 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.30% of A10 Networks worth $4,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ATEN. Weiss Asset Management LP bought a new position in A10 Networks in the 3rd quarter worth $2,295,000. JPMorgan Chase & Co. lifted its position in shares of A10 Networks by 59.0% in the third quarter. JPMorgan Chase & Co. now owns 324,195 shares of the communications equipment provider’s stock valued at $4,681,000 after acquiring an additional 120,342 shares in the last quarter. Barclays PLC boosted its stake in shares of A10 Networks by 234.1% in the third quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider’s stock worth $2,198,000 after acquiring an additional 106,672 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of A10 Networks by 39.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 345,823 shares of the communications equipment provider’s stock worth $6,363,000 after purchasing an additional 97,332 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in A10 Networks by 5.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,662,442 shares of the communications equipment provider’s stock worth $24,010,000 after purchasing an additional 89,175 shares in the last quarter. 98.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ATEN shares. Craig Hallum increased their price objective on shares of A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a report on Wednesday, February 5th. BWS Financial reaffirmed a “buy” rating and set a $24.00 target price on shares of A10 Networks in a research note on Wednesday, February 5th. Finally, StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th.

A10 Networks Price Performance

Shares of ATEN opened at $17.47 on Tuesday. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 26.08 and a beta of 1.17. A10 Networks, Inc. has a 1 year low of $12.27 and a 1 year high of $21.90. The business’s 50 day simple moving average is $19.58 and its 200-day simple moving average is $17.30.

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

A10 Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.24 annualized dividend and a yield of 1.37%. A10 Networks’s payout ratio is currently 35.82%.

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.