Mirae Asset Global Investments Co. Ltd. Buys 140,724 Shares of A10 Networks, Inc. (NYSE:ATEN)

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of A10 Networks, Inc. (NYSE:ATENGet Rating) by 20.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 835,392 shares of the communications equipment provider’s stock after acquiring an additional 140,724 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 1.10% of A10 Networks worth $11,653,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ATEN. First Horizon Advisors Inc. bought a new stake in shares of A10 Networks in the 1st quarter valued at about $28,000. Ensign Peak Advisors Inc acquired a new position in shares of A10 Networks in the 1st quarter valued at approximately $41,000. Great West Life Assurance Co. Can grew its position in shares of A10 Networks by 97.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 2,984 shares of the communications equipment provider’s stock valued at $44,000 after purchasing an additional 1,472 shares during the period. Captrust Financial Advisors acquired a new position in shares of A10 Networks in the 1st quarter valued at approximately $47,000. Finally, Itau Unibanco Holding S.A. acquired a new position in A10 Networks during the 4th quarter worth approximately $55,000. Institutional investors own 90.66% of the company’s stock.

A10 Networks Stock Up 0.1 %

NYSE:ATEN opened at $12.89 on Tuesday. A10 Networks, Inc. has a twelve month low of $12.27 and a twelve month high of $19.05. The business has a 50 day moving average price of $14.46 and a two-hundred day moving average price of $14.33. The company has a market cap of $981.86 million, a P/E ratio of 10.07 and a beta of 0.93.

A10 Networks (NYSE:ATENGet Rating) last released its quarterly earnings results on Tuesday, August 2nd. The communications equipment provider reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. A10 Networks had a return on equity of 19.92% and a net margin of 38.39%. The firm had revenue of $67.97 million during the quarter, compared to the consensus estimate of $66.74 million. During the same quarter in the prior year, the firm posted $0.10 EPS. As a group, analysts anticipate that A10 Networks, Inc. will post 0.51 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 15th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend was Friday, August 12th. A10 Networks’s payout ratio is presently 15.63%.

Insider Activity

In other news, CEO Dhrupad Trivedi sold 22,334 shares of the stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $15.19, for a total value of $339,253.46. Following the completion of the sale, the chief executive officer now owns 544,750 shares of the company’s stock, valued at approximately $8,274,752.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Robert D. Cochran sold 5,000 shares of the stock in a transaction on Monday, June 27th. The stock was sold at an average price of $15.00, for a total value of $75,000.00. Following the sale, the executive vice president now owns 344,161 shares in the company, valued at approximately $5,162,415. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Dhrupad Trivedi sold 22,334 shares of the stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $15.19, for a total value of $339,253.46. Following the completion of the sale, the chief executive officer now owns 544,750 shares in the company, valued at approximately $8,274,752.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,886 shares of company stock valued at $1,609,297. 14.22% of the stock is owned by insiders.

About A10 Networks

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A10 Networks, Inc provides networking solutions in the Americas, Japan, other Asia Pacific, and EMEA countries. The company offers Thunder Application Delivery Controller (ADC) that provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to boost the delivery and security of applications and microservices; and Thunder Carrier Grade Networking product, which offers standards-compliant address and protocol translation services for service provider networks.

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Institutional Ownership by Quarter for A10 Networks (NYSE:ATEN)

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