Impax Asset Management Group plc Has $9.93 Million Stock Holdings in A10 Networks, Inc. (NYSE:ATEN)

Impax Asset Management Group plc grew its position in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 25.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 687,500 shares of the communications equipment provider's stock after purchasing an additional 137,500 shares during the period. Impax Asset Management Group plc owned approximately 0.93% of A10 Networks worth $9,928,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Mackenzie Financial Corp raised its stake in shares of A10 Networks by 15.6% during the second quarter. Mackenzie Financial Corp now owns 46,062 shares of the communications equipment provider's stock valued at $638,000 after purchasing an additional 6,217 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of A10 Networks during the 2nd quarter worth about $1,201,000. Point72 DIFC Ltd acquired a new stake in shares of A10 Networks in the 2nd quarter worth approximately $516,000. Russell Investments Group Ltd. boosted its holdings in shares of A10 Networks by 4.4% in the first 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. Finally, ProShare Advisors LLC increased its stake in shares of A10 Networks by 7.4% during the first quarter. ProShare Advisors LLC now owns 14,226 shares of the communications equipment provider's stock valued at $195,000 after acquiring an additional 984 shares during the period. Institutional investors and hedge funds own 98.61% of the company's stock.

Insider Buying and Selling at A10 Networks

In other news, EVP Karen S. Thomas sold 6,162 shares of the firm's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $16.70, for a total value of $102,905.40. Following the completion of the sale, the executive vice president now owns 23,799 shares of the company's stock, valued at $397,443.30. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 5.81% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Craig Hallum downgraded A10 Networks from a "buy" rating to a "hold" rating and set a $16.00 target price for the company. in a research report on Friday, November 8th. BWS Financial upped their price objective on A10 Networks from $17.00 to $24.00 and gave the company a "buy" rating in a report on Wednesday. Finally, StockNews.com raised A10 Networks from a "hold" rating to a "buy" rating in a report on Wednesday, October 16th.

A10 Networks Stock Down 0.7 %

A10 Networks stock traded down $0.12 during mid-day trading on Friday, hitting $16.44. The company's stock had a trading volume of 478,912 shares, compared to its average volume of 718,574. The stock has a market capitalization of $1.21 billion, a P/E ratio of 24.54 and a beta of 1.11. A10 Networks, Inc. has a twelve month low of $11.83 and a twelve month high of $16.92. The stock's fifty day moving average price is $14.54 and its two-hundred day moving average price is $14.20.

A10 Networks (NYSE:ATEN - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. The business had revenue of $66.72 million during the quarter, compared to analyst estimates of $63.78 million. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%. During the same period last year, the company posted $0.12 EPS. The company's revenue was up 15.5% compared to the same quarter last year. Equities analysts expect that A10 Networks, Inc. will post 0.65 earnings per share 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 paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a 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%.

A10 Networks Profile

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.