A10 Networks, Inc. (NYSE:ATEN) Shares Bought by Impax Asset Management Group plc

Impax Asset Management Group plc boosted its stake in shares of A10 Networks, Inc. (NYSE:ATEN) by 25.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 687,500 shares of the communications equipment provider’s stock after buying an additional 137,500 shares during the quarter. Impax Asset Management Group plc owned 0.93% of A10 Networks worth $9,928,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Texas Permanent School Fund Corp grew its stake in shares of A10 Networks by 1.6% in the first quarter. Texas Permanent School Fund Corp now owns 61,174 shares of the communications equipment provider’s stock valued at $837,000 after buying an additional 973 shares in the last quarter. Russell Investments Group Ltd. grew its position in A10 Networks by 4.4% in the 1st quarter. Russell Investments Group Ltd. now owns 585,827 shares of the communications equipment provider’s stock valued at $8,020,000 after acquiring an additional 24,672 shares in the last quarter. ProShare Advisors LLC increased its stake in A10 Networks by 7.4% during the first quarter. ProShare Advisors LLC now owns 14,226 shares of the communications equipment provider’s stock worth $195,000 after purchasing an additional 984 shares during the period. Vanguard Group Inc. increased its stake in A10 Networks by 0.5% during the first quarter. Vanguard Group Inc. now owns 7,103,358 shares of the communications equipment provider’s stock worth $97,245,000 after purchasing an additional 35,010 shares during the period. Finally, Hillsdale Investment Management Inc. lifted its position in shares of A10 Networks by 8.7% during the first quarter. Hillsdale Investment Management Inc. now owns 207,900 shares of the communications equipment provider’s stock worth $2,846,000 after purchasing an additional 16,600 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. StockNews.com raised shares of A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th. BWS Financial upped their target price on shares of A10 Networks from $17.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Craig Hallum downgraded shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research note on Friday, November 8th.

A10 Networks Trading Down 0.8 %

Shares of NYSE:ATEN opened at $16.44 on Friday. A10 Networks, Inc. has a 52 week low of $11.83 and a 52 week high of $16.92. The company’s 50 day moving average is $14.48 and its two-hundred day moving average is $14.18. The company has a market cap of $1.21 billion, a PE ratio of 24.53 and a beta of 1.11.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. A10 Networks had a net margin of 19.29% and a return on equity of 22.69%. The company had revenue of $66.72 million for the quarter, compared to the consensus estimate of $63.78 million. During the same period in the prior year, the firm posted $0.12 EPS. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. As a group, equities research analysts expect that A10 Networks, Inc. will post 0.65 EPS for the current year.

A10 Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Monday, November 18th. A10 Networks’s dividend payout ratio is presently 35.82%.

Insider Activity

In other news, EVP Karen S. Thomas sold 6,162 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $16.70, for a total value of $102,905.40. Following the completion of the transaction, the executive vice president now owns 23,799 shares in the company, valued at approximately $397,443.30. This represents a 20.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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.