Teacher Retirement System of Texas Purchases 103,673 Shares of A10 Networks, Inc. (NYSE:ATEN)

Teacher Retirement System of Texas lifted its position in A10 Networks, Inc. (NYSE:ATEN) by 87.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 222,875 shares of the communications equipment provider’s stock after acquiring an additional 103,673 shares during the period. Teacher Retirement System of Texas’ holdings in A10 Networks were worth $4,101,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ATEN. Thrivent Financial for Lutherans lifted its stake in A10 Networks by 98.6% in the third quarter. Thrivent Financial for Lutherans now owns 115,384 shares of the communications equipment provider’s stock worth $1,666,000 after purchasing an additional 57,284 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in A10 Networks by 0.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 248,491 shares of the communications equipment provider’s stock valued at $3,588,000 after acquiring an additional 1,413 shares during the period. Intech Investment Management LLC bought a new position in A10 Networks in the 3rd quarter valued at $284,000. Charles Schwab Investment Management Inc. increased its stake in A10 Networks by 6.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 650,920 shares of the communications equipment provider’s stock worth $9,399,000 after purchasing an additional 41,895 shares during the period. Finally, Fisher Asset Management LLC lifted its position in shares of A10 Networks by 9.4% during the third quarter. Fisher Asset Management LLC now owns 99,243 shares of the communications equipment provider’s stock worth $1,433,000 after purchasing an additional 8,533 shares during the last quarter. 98.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ATEN has been the topic of a number of research analyst reports. Craig Hallum upped their price target on shares of A10 Networks from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Wednesday, February 5th. StockNews.com raised shares of A10 Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, March 12th. Finally, BWS Financial reiterated a “buy” rating and issued a $24.00 price target on shares of A10 Networks in a report on Wednesday, February 5th.

A10 Networks Price Performance

ATEN stock opened at $17.47 on Tuesday. A10 Networks, Inc. has a 1-year low of $12.27 and a 1-year high of $21.90. The business has a 50-day moving average price of $19.58 and a 200 day moving average price of $17.30. The company has a market capitalization of $1.29 billion, a P/E ratio of 26.08 and a beta of 1.17.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.22 by $0.03. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. On average, analysts anticipate that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.37%. A10 Networks’s dividend payout ratio is currently 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.