Teacher Retirement System of Texas Grows Stock Holdings in A10 Networks, Inc. (NYSE:ATEN)

Teacher Retirement System of Texas lifted its stake in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 87.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 222,875 shares of the communications equipment provider's stock after purchasing an additional 103,673 shares during the quarter. Teacher Retirement System of Texas owned about 0.30% of A10 Networks worth $4,101,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its position in 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 worth $38,000 after purchasing an additional 2,000 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of A10 Networks by 43.5% in the 4th quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider's stock worth $45,000 after buying an additional 744 shares in the last quarter. Quantbot Technologies LP grew its stake 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 valued at $82,000 after acquiring an additional 2,762 shares during the last quarter. KBC Group NV increased its holdings in A10 Networks by 79.1% during the 4th quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider's stock valued at $94,000 after acquiring an additional 2,251 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in A10 Networks during the fourth quarter worth about $161,000. Hedge funds and other institutional investors own 98.61% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. BWS Financial reissued a "buy" rating and set a $24.00 price objective on shares of A10 Networks in a research note on Wednesday, February 5th. Craig Hallum raised their price target on A10 Networks from $16.00 to $18.00 and gave the stock a "hold" rating in a research report on Wednesday, February 5th. Finally, StockNews.com raised A10 Networks from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th.

A10 Networks Price Performance

NYSE:ATEN traded down $0.52 during mid-day trading on Friday, reaching $16.75. The company's stock had a trading volume of 857,285 shares, compared to its average volume of 812,293. A10 Networks, Inc. has a twelve month low of $12.27 and a twelve month high of $21.90. The company's fifty day simple moving average is $19.52 and its two-hundred day simple moving average is $17.34. The stock has a market cap of $1.24 billion, a P/E ratio of 25.00 and a beta of 1.17.

A10 Networks (NYSE:ATEN - Get Free Report) last released its earnings results 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 net margin of 19.16% and a return on equity of 23.44%. Sell-side analysts expect that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Friday, February 14th. A10 Networks's dividend payout ratio (DPR) 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.