Illinois Municipal Retirement Fund Grows Position in A10 Networks, Inc. (NYSE:ATEN)

Illinois Municipal Retirement Fund boosted its stake in A10 Networks, Inc. (NYSE:ATEN) by 9.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,806 shares of the communications equipment provider’s stock after buying an additional 3,417 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.06% of A10 Networks worth $537,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in A10 Networks in the 4th quarter valued at $163,000. Harbor Capital Advisors Inc. grew its stake in A10 Networks by 6.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 13,373 shares of the communications equipment provider’s stock valued at $176,000 after purchasing an additional 816 shares during the period. Quantbot Technologies LP bought a new position in A10 Networks in the 3rd quarter valued at $181,000. Teza Capital Management LLC bought a new position in A10 Networks in the 3rd quarter valued at $227,000. Finally, Diversified Trust Co bought a new position in A10 Networks in the 4th quarter valued at $228,000. 98.61% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other A10 Networks news, CFO Brian Becker sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $12.93, for a total value of $193,950.00. Following the completion of the transaction, the chief financial officer now owns 34,252 shares in the company, valued at approximately $442,878.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other A10 Networks news, CFO Brian Becker sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $12.93, for a total value of $193,950.00. Following the sale, the chief financial officer now owns 34,252 shares of the company’s stock, valued at approximately $442,878.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Dhrupad Trivedi sold 8,679 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $13.06, for a total value of $113,347.74. Following the completion of the sale, the chief executive officer now directly owns 556,420 shares in the company, valued at approximately $7,266,845.20. The disclosure for this sale can be found here. Insiders sold a total of 121,146 shares of company stock worth $1,598,166 in the last quarter. 5.82% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

A10 Networks Stock Performance

ATEN stock opened at $13.06 on Wednesday. The company has a market capitalization of $972.97 million, a price-to-earnings ratio of 24.64 and a beta of 1.10. A10 Networks, Inc. has a fifty-two week low of $10.03 and a fifty-two week high of $15.99. The stock has a fifty day moving average of $13.50 and a 200-day moving average of $12.92.

A10 Networks (NYSE:ATEN) last issued its earnings results on Tuesday, April 30th. The communications equipment provider reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. A10 Networks had a return on equity of 21.67% and a net margin of 15.88%. The business had revenue of $60.70 million during the quarter, compared to the consensus estimate of $59.43 million. During the same quarter last year, the company earned $0.09 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. Equities analysts predict that A10 Networks, Inc. will post 0.66 EPS for the current year.

A10 Networks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a $0.06 dividend. The ex-dividend date was Thursday, February 15th. This represents a $0.24 annualized dividend and a yield of 1.84%. A10 Networks’s dividend payout ratio is currently 45.28%.

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.