Impax Asset Management Group plc Buys 137,500 Shares of A10 Networks, Inc. (NYSE:ATEN)

Impax Asset Management Group plc grew its holdings in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 25.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. 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 0.92% of A10 Networks worth $9,928,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ATEN. Pacer Advisors Inc. increased its stake in shares of A10 Networks by 43,184.1% in the 2nd quarter. Pacer Advisors Inc. now owns 1,728,336 shares of the communications equipment provider's stock valued at $23,937,000 after purchasing an additional 1,724,343 shares during the last quarter. Millennium Management LLC bought a new stake in A10 Networks during the 2nd quarter worth $9,562,000. Harbor Capital Advisors Inc. grew its position in A10 Networks by 175.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 795,628 shares of the communications equipment provider's stock worth $11,489,000 after acquiring an additional 506,332 shares during the last quarter. Assenagon Asset Management S.A. grew its position in A10 Networks by 48.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 946,894 shares of the communications equipment provider's stock worth $13,114,000 after acquiring an additional 308,000 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in A10 Networks during the 2nd quarter worth $4,058,000. Institutional investors own 98.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ATEN shares. BWS Financial restated a "buy" rating and set a $17.00 price objective on shares of A10 Networks in a research report on Tuesday, July 9th. StockNews.com upgraded A10 Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, October 16th.

A10 Networks Stock Up 3.5 %

Shares of NYSE ATEN traded up $0.52 during trading on Wednesday, reaching $15.24. The company had a trading volume of 820,791 shares, compared to its average volume of 713,155. The company's fifty day moving average price is $14.12 and its 200-day moving average price is $14.06. A10 Networks, Inc. has a 12 month low of $10.84 and a 12 month high of $16.46. The stock has a market cap of $1.13 billion, a P/E ratio of 24.95 and a beta of 1.11.

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.