Texas Permanent School Fund Invests $609,000 in A10 Networks, Inc. (NYSE:ATEN)

Texas Permanent School Fund purchased a new position in A10 Networks, Inc. (NYSE:ATENGet Rating) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 42,356 shares of the communications equipment provider’s stock, valued at approximately $609,000. Texas Permanent School Fund owned 0.06% of A10 Networks as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in ATEN. Daiwa Securities Group Inc. increased its stake in A10 Networks by 45.7% in the first quarter. Daiwa Securities Group Inc. now owns 8,883 shares of the communications equipment provider’s stock valued at $124,000 after acquiring an additional 2,788 shares during the last quarter. Victory Capital Management Inc. increased its stake in A10 Networks by 54.7% in the first quarter. Victory Capital Management Inc. now owns 73,285 shares of the communications equipment provider’s stock valued at $1,047,000 after acquiring an additional 25,910 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in A10 Networks by 20.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 835,392 shares of the communications equipment provider’s stock valued at $11,653,000 after acquiring an additional 140,724 shares during the last quarter. Arizona State Retirement System increased its stake in A10 Networks by 13.4% in the second quarter. Arizona State Retirement System now owns 17,834 shares of the communications equipment provider’s stock valued at $256,000 after acquiring an additional 2,112 shares during the last quarter. Finally, Pinz Capital Management LP bought a new position in A10 Networks in the first quarter valued at $1,552,000. Institutional investors own 90.66% of the company’s stock.

A10 Networks Stock Up 1.5 %

NYSE ATEN opened at $17.90 on Tuesday. The company has a 50-day simple moving average of $15.61 and a two-hundred day simple moving average of $14.97. A10 Networks, Inc. has a 12-month low of $12.27 and a 12-month high of $19.79. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 35.80 and a beta of 0.98.

A10 Networks Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.34%. This is a positive change from A10 Networks’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, November 14th. A10 Networks’s dividend payout ratio is presently 48.00%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a research note on Thursday, November 10th. BWS Financial increased their target price on A10 Networks from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, November 2nd.

Insider Buying and Selling at A10 Networks

In other A10 Networks news, EVP Matthew P. Bruening sold 5,143 shares of the company’s stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $17.71, for a total transaction of $91,082.53. Following the completion of the sale, the executive vice president now directly owns 120,775 shares in the company, valued at $2,138,925.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Brian Becker sold 5,000 shares of the stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $18.00, for a total transaction of $90,000.00. Following the completion of the sale, the chief financial officer now directly owns 55,673 shares in the company, valued at $1,002,114. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Matthew P. Bruening sold 5,143 shares of the stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $17.71, for a total transaction of $91,082.53. Following the sale, the executive vice president now owns 120,775 shares of the company’s stock, valued at $2,138,925.25. The disclosure for this sale can be found here. Insiders sold a total of 70,684 shares of company stock worth $1,271,426 over the last three months. Company insiders own 14.22% of the company’s stock.

A10 Networks Company Profile

(Get Rating)

A10 Networks, Inc engages in the provision of application networking solutions that help organizations ensure that their data center applications and networks remain available, accelerated, and secure. It offers cloud storage, enterprise solutions, security products, data center, application delivery, load balancing, and distributed denial of service protection.

Read More

Want to see what other hedge funds are holding ATEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for A10 Networks, Inc. (NYSE:ATENGet Rating).

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

Receive News & Ratings for A10 Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A10 Networks and related companies with MarketBeat.com's FREE daily email newsletter.