Principal Financial Group Inc. Purchases 41,141 Shares of A10 Networks, Inc. (NYSE:ATEN)

Principal Financial Group Inc. boosted its position in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 11.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 389,088 shares of the communications equipment provider's stock after acquiring an additional 41,141 shares during the period. Principal Financial Group Inc. owned 0.53% of A10 Networks worth $5,618,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its position in shares of A10 Networks by 43,184.1% during the 2nd quarter. Pacer Advisors Inc. now owns 1,728,336 shares of the communications equipment provider's stock worth $23,937,000 after purchasing an additional 1,724,343 shares during the last quarter. Millennium Management LLC acquired a new position in shares of A10 Networks during the second quarter worth approximately $9,562,000. Harbor Capital Advisors Inc. lifted its holdings in shares of A10 Networks by 175.0% during the third quarter. Harbor Capital Advisors Inc. now owns 795,628 shares of the communications equipment provider's stock worth $11,489,000 after buying an additional 506,332 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of A10 Networks in the second quarter valued at approximately $4,058,000. Finally, Deprince Race & Zollo Inc. grew its stake in shares of A10 Networks by 18.0% in the second quarter. Deprince Race & Zollo Inc. now owns 1,873,507 shares of the communications equipment provider's stock worth $25,948,000 after acquiring an additional 286,127 shares during the last quarter. 98.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. StockNews.com upgraded shares of A10 Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, October 16th. Craig Hallum lowered shares of A10 Networks from a "buy" rating to a "hold" rating and set a $16.00 price objective for the company. in a research report on Friday, November 8th. Finally, BWS Financial lifted their target price on A10 Networks from $17.00 to $24.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th.

Insider Buying and Selling

In other A10 Networks news, EVP Karen S. Thomas sold 6,162 shares of the business's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $16.70, for a total value of $102,905.40. Following the completion of the transaction, the executive vice president now directly owns 23,799 shares of the company's stock, valued at approximately $397,443.30. The trade was a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 5.81% of the stock is owned by corporate insiders.

A10 Networks Price Performance

Shares of NYSE ATEN traded down $0.25 during trading hours on Thursday, reaching $18.15. The stock had a trading volume of 398,798 shares, compared to its average volume of 724,855. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 27.09 and a beta of 1.16. A10 Networks, Inc. has a twelve month low of $12.27 and a twelve month high of $19.37. The business's fifty day moving average is $17.12 and its two-hundred day moving average is $14.88.

A10 Networks (NYSE:ATEN - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.02. A10 Networks had a net margin of 19.29% and a return on equity of 22.69%. The company had revenue of $66.72 million during the quarter, compared to the consensus estimate of $63.78 million. During the same period last year, the firm earned $0.12 EPS. The firm's revenue for the quarter was up 15.5% compared to the same quarter last year. Sell-side analysts forecast that A10 Networks, Inc. will post 0.6 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were issued a $0.06 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.32%. A10 Networks's payout ratio is presently 35.82%.

A10 Networks Company 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.