Impax Asset Management Group plc Sells 100,000 Shares of A10 Networks, Inc. (NYSE:ATEN)

Impax Asset Management Group plc decreased its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 14.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 587,500 shares of the communications equipment provider’s stock after selling 100,000 shares during the quarter. Impax Asset Management Group plc’s holdings in A10 Networks were worth $10,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of ATEN. State Street Corp increased its position in A10 Networks by 2.0% during the third quarter. State Street Corp now owns 3,171,077 shares of the communications equipment provider’s stock worth $45,790,000 after acquiring an additional 62,015 shares during the period. Geode Capital Management LLC grew its position in shares of A10 Networks by 5.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,662,442 shares of the communications equipment provider’s stock worth $24,010,000 after purchasing an additional 89,175 shares in the last quarter. Royce & Associates LP increased its holdings in shares of A10 Networks by 12.7% during the third quarter. Royce & Associates LP now owns 842,656 shares of the communications equipment provider’s stock worth $12,168,000 after purchasing an additional 94,710 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of A10 Networks by 2.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 816,165 shares of the communications equipment provider’s stock valued at $15,017,000 after buying an additional 20,537 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of 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 valued at $9,399,000 after buying an additional 41,895 shares during the period. Institutional investors and hedge funds own 98.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ATEN. BWS Financial restated 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 cut shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Friday.

A10 Networks Price Performance

Shares of NYSE:ATEN opened at $20.19 on Tuesday. The company’s 50 day simple moving average is $19.40 and its 200 day simple moving average is $16.51. A10 Networks, Inc. has a 1 year low of $12.27 and a 1 year high of $21.90. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 30.13 and a beta of 1.14.

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, topping analysts’ consensus estimates of $0.22 by $0.03. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. As a group, analysts anticipate that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a $0.06 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.19%. A10 Networks’s 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.