Illinois Municipal Retirement Fund Sells 2,376 Shares of A10 Networks, Inc. (NYSE:ATEN)

Illinois Municipal Retirement Fund decreased its position in A10 Networks, Inc. (NYSE:ATEN) by 6.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 35,913 shares of the communications equipment provider’s stock after selling 2,376 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in A10 Networks were worth $661,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ATEN. State Street Corp increased its holdings in shares of 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 valued at $45,790,000 after acquiring an additional 62,015 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of A10 Networks by 5.7% during the third quarter. Geode Capital Management LLC now owns 1,662,442 shares of the communications equipment provider’s stock valued at $24,010,000 after acquiring 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 valued at $12,168,000 after acquiring an additional 94,710 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of A10 Networks by 2.6% during 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 acquiring an additional 20,537 shares in the last quarter. Finally, Impax Asset Management Group plc increased its holdings in shares of A10 Networks by 25.0% during the third quarter. Impax Asset Management Group plc now owns 687,500 shares of the communications equipment provider’s stock valued at $9,928,000 after acquiring an additional 137,500 shares in the last quarter. Institutional investors own 98.61% of the company’s stock.

A10 Networks Price Performance

A10 Networks stock opened at $20.16 on Tuesday. A10 Networks, Inc. has a one year low of $12.27 and a one year high of $21.90. The stock has a market capitalization of $1.49 billion, a PE ratio of 30.09 and a beta of 1.14. The business’s fifty day moving average is $19.58 and its 200 day moving average is $16.78.

A10 Networks (NYSE:ATEN) last released its quarterly earnings data 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 return on equity of 23.44% and a net margin of 19.16%. As a group, sell-side analysts expect that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a dividend of $0.06 per share. The ex-dividend date was Friday, February 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.19%. A10 Networks’s dividend payout ratio (DPR) is presently 35.82%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ATEN. StockNews.com downgraded A10 Networks from a “buy” rating to a “hold” rating in a report on Tuesday. Craig Hallum raised their price target on A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a report on Wednesday, February 5th. Finally, BWS Financial restated a “buy” rating and set a $24.00 price target on shares of A10 Networks in a report on Wednesday, February 5th.

About A10 Networks

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.