New York State Teachers Retirement System Acquires 6,893 Shares of A10 Networks, Inc. (NYSE:ATEN)

New York State Teachers Retirement System boosted its position in A10 Networks, Inc. (NYSE:ATEN) by 22.0% during the 3rd quarter, Holdings Channel reports. The fund owned 38,179 shares of the communications equipment provider’s stock after buying an additional 6,893 shares during the period. New York State Teachers Retirement System’s holdings in A10 Networks were worth $551,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ATEN. Mackenzie Financial Corp grew its position in A10 Networks by 15.6% in the 2nd quarter. Mackenzie Financial Corp now owns 46,062 shares of the communications equipment provider’s stock worth $638,000 after purchasing an additional 6,217 shares in the last quarter. SG Americas Securities LLC purchased a new position in A10 Networks during the 2nd quarter valued at about $1,201,000. Point72 DIFC Ltd bought a new position in A10 Networks in the 2nd quarter valued at $516,000. Russell Investments Group Ltd. increased its stake in A10 Networks by 4.4% in the 1st quarter. Russell Investments Group Ltd. now owns 585,827 shares of the communications equipment provider’s stock worth $8,020,000 after acquiring an additional 24,672 shares during the last quarter. Finally, ProShare Advisors LLC grew its stake in A10 Networks by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 14,226 shares of the communications equipment provider’s stock worth $195,000 after buying an additional 984 shares in the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.

A10 Networks Trading Up 4.8 %

ATEN opened at $16.20 on Monday. The stock has a fifty day simple moving average of $14.23 and a two-hundred day simple moving average of $14.10. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 27.46 and a beta of 1.11. A10 Networks, Inc. has a 12-month low of $11.67 and a 12-month high of $16.46.

A10 Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.48%. The ex-dividend date is Monday, November 18th. A10 Networks’s payout ratio is currently 40.68%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ATEN shares. Craig Hallum downgraded shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a research note on Friday. StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

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.