Principal Financial Group Inc. Acquires 15,178 Shares of A10 Networks, Inc. (NYSE:ATEN)

Principal Financial Group Inc. boosted its holdings in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 404,266 shares of the communications equipment provider's stock after purchasing an additional 15,178 shares during the period. Principal Financial Group Inc. owned about 0.55% of A10 Networks worth $7,438,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ATEN. New York State Teachers Retirement System boosted its holdings in shares of A10 Networks by 2.3% in the 4th quarter. New York State Teachers Retirement System now owns 39,058 shares of the communications equipment provider's stock worth $719,000 after buying an additional 879 shares during the last quarter. Sawgrass Asset Management LLC purchased a new position in A10 Networks in the fourth quarter valued at about $213,000. Legato Capital Management LLC grew its position in shares of A10 Networks by 11.3% during the 4th quarter. Legato Capital Management LLC now owns 104,693 shares of the communications equipment provider's stock valued at $1,926,000 after acquiring an additional 10,608 shares during the period. Meritage Portfolio Management increased its stake in shares of A10 Networks by 12.4% during the 4th quarter. Meritage Portfolio Management now owns 37,403 shares of the communications equipment provider's stock worth $688,000 after purchasing an additional 4,140 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of A10 Networks by 11.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,280 shares of the communications equipment provider's stock worth $690,000 after purchasing an additional 3,742 shares during the period. Institutional investors own 98.61% of the company's stock.

Analyst Upgrades and Downgrades

ATEN has been the subject of several research reports. BWS Financial reissued a "buy" rating and set a $24.00 price objective on shares of A10 Networks in a report on Wednesday, February 5th. StockNews.com downgraded A10 Networks from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Finally, Craig Hallum boosted their price objective on A10 Networks from $16.00 to $18.00 and gave the company a "hold" rating in a research note on Wednesday, February 5th.

A10 Networks Stock Performance

ATEN stock traded down $0.02 during midday trading on Monday, reaching $20.78. 389,326 shares of the company's stock traded hands, compared to its average volume of 734,256. The firm has a market capitalization of $1.53 billion, a PE ratio of 30.94 and a beta of 1.14. The company has a 50-day moving average price of $19.55 and a two-hundred day moving average price of $16.73. A10 Networks, Inc. has a 52 week low of $12.27 and a 52 week high of $21.90.

A10 Networks (NYSE:ATEN - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.03. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. As a group, analysts predict that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.16%. A10 Networks's dividend payout ratio (DPR) is currently 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.