Mackenzie Financial Corp Has $511,000 Holdings in A10 Networks, Inc. (NYSE:ATEN)

Mackenzie Financial Corp increased its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 6.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,810 shares of the communications equipment provider’s stock after buying an additional 2,348 shares during the period. Mackenzie Financial Corp owned 0.05% of A10 Networks worth $511,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of ATEN. Strs Ohio raised its position in shares of A10 Networks by 356.5% in the 4th quarter. Strs Ohio now owns 49,300 shares of the communications equipment provider’s stock worth $649,000 after acquiring an additional 38,500 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of A10 Networks during the 4th quarter worth approximately $460,000. Impax Asset Management Group plc increased its stake in shares of A10 Networks by 19.2% in the 4th quarter. Impax Asset Management Group plc now owns 775,000 shares of the communications equipment provider’s stock valued at $10,207,000 after acquiring an additional 125,000 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of A10 Networks during the 4th quarter valued at $163,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in A10 Networks by 37.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,486,953 shares of the communications equipment provider’s stock worth $32,753,000 after acquiring an additional 676,509 shares in the last quarter. Institutional investors own 98.61% of the company’s stock.

Insider Activity at A10 Networks

In other A10 Networks news, CEO Dhrupad Trivedi sold 21,498 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $13.58, for a total transaction of $291,942.84. Following the completion of the sale, the chief executive officer now directly owns 461,507 shares of the company’s stock, valued at approximately $6,267,265.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other A10 Networks news, CEO Dhrupad Trivedi sold 21,498 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $13.58, for a total transaction of $291,942.84. Following the transaction, the chief executive officer now directly owns 461,507 shares in the company, valued at approximately $6,267,265.06. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian Becker sold 2,047 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $13.06, for a total transaction of $26,733.82. Following the completion of the sale, the chief financial officer now owns 49,252 shares of the company’s stock, valued at approximately $643,231.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 142,644 shares of company stock valued at $1,890,109. 5.81% of the stock is owned by corporate insiders.

A10 Networks Stock Performance

Shares of A10 Networks stock opened at $13.55 on Friday. A10 Networks, Inc. has a 52 week low of $10.03 and a 52 week high of $15.99. The stock has a 50 day moving average price of $13.49 and a two-hundred day moving average price of $12.87. The stock has a market capitalization of $1.01 billion, a PE ratio of 25.56 and a beta of 1.10.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings results on Tuesday, February 6th. The communications equipment provider reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). A10 Networks had a net margin of 15.88% and a return on equity of 21.67%. The business had revenue of $70.42 million for the quarter, compared to the consensus estimate of $76.95 million. Research analysts forecast that A10 Networks, Inc. will post 0.66 EPS for the current year.

A10 Networks Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a $0.06 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.77%. A10 Networks’s dividend payout ratio is presently 45.28%.

Wall Street Analysts Forecast Growth

Separately, BWS Financial lifted their price target on shares of A10 Networks from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th.

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.