Mirae Asset Global Investments Co. Ltd. Grows Holdings in A10 Networks, Inc. (NYSE:ATEN)

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of A10 Networks, Inc. (NYSE:ATEN) by 11.2% during the 4th quarter, HoldingsChannel reports. The fund owned 37,280 shares of the communications equipment provider’s stock after acquiring an additional 3,742 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in A10 Networks were worth $690,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ATEN. MassMutual Private Wealth & Trust FSB increased its stake in shares of A10 Networks by 3,389.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider’s stock valued at $38,000 after purchasing an additional 2,000 shares in the last quarter. GAMMA Investing LLC increased its stake in A10 Networks by 43.5% during the 4th quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock valued at $45,000 after purchasing an additional 744 shares in the last quarter. Copeland Capital Management LLC bought a new position in shares of A10 Networks during the third quarter valued at $43,000. KBC Group NV raised its holdings in shares of A10 Networks by 79.1% during the fourth quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider’s stock valued at $94,000 after purchasing an additional 2,251 shares during the last quarter. Finally, Quantbot Technologies LP grew its position in A10 Networks by 95.4% in the 3rd quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock worth $82,000 after purchasing an additional 2,762 shares during the period. 98.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. BWS Financial reissued a “buy” rating and issued a $24.00 target price on shares of A10 Networks in a report on Wednesday, February 5th. Craig Hallum increased their price target on A10 Networks from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Wednesday, February 5th. Finally, StockNews.com lowered A10 Networks from a “buy” rating to a “hold” rating in a research note on Monday.

A10 Networks Stock Up 1.8 %

NYSE:ATEN opened at $20.98 on Thursday. The firm has a 50 day moving average of $18.92 and a 200 day moving average of $16.00. A10 Networks, Inc. has a 52 week low of $12.27 and a 52 week high of $21.10. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 31.31 and a beta of 1.14.

A10 Networks (NYSE:ATEN) last issued its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts expect that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a dividend of $0.06 per share. The ex-dividend date is Friday, February 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.14%. A10 Networks’s dividend payout ratio is presently 35.82%.

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.