Oregon Public Employees Retirement Fund Has $292,000 Stock Holdings in A10 Networks, Inc. (NYSE:ATEN)

Posted by Defense World Staff on Oct 24th, 2023

Oregon Public Employees Retirement Fund cut its position in shares of A10 Networks, Inc. (NYSE:ATEN – Free Report) by 5.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,018 shares of the communications equipment provider’s stock after selling 1,181 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in A10 Networks were worth $292,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in ATEN. Advisors Asset Management Inc. boosted its holdings in A10 Networks by 113.8% during the fourth quarter. Advisors Asset Management Inc. now owns 2,189 shares of the communications equipment provider’s stock valued at $36,000 after purchasing an additional 1,165 shares in the last quarter. Ensign Peak Advisors Inc acquired a new stake in A10 Networks during the first quarter valued at approximately $41,000. Advisor Group Holdings Inc. boosted its holdings in A10 Networks by 59.6% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,527 shares of the communications equipment provider’s stock valued at $42,000 after purchasing an additional 944 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of A10 Networks by 97.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 2,984 shares of the communications equipment provider’s stock worth $44,000 after acquiring an additional 1,472 shares in the last quarter. Finally, Altshuler Shaham Ltd bought a new stake in A10 Networks during the 4th quarter worth approximately $47,000. 88.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ATEN has been the topic of a number of research analyst reports. StockNews.com initiated coverage on A10 Networks in a research report on Thursday, October 5th. They set a “hold” rating on the stock. BWS Financial decreased their price target on A10 Networks from $24.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, October 5th. Finally, Craig Hallum decreased their price target on A10 Networks from $19.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, October 4th.

Get Our Latest Analysis on A10 Networks

Insiders Place Their Bets

In other news, General Counsel Robert Scott Weber sold 1,860 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $15.48, for a total value of $28,792.80. Following the transaction, the general counsel now owns 19,132 shares of the company’s stock, valued at approximately $296,163.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Dhrupad Trivedi sold 6,646 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $15.37, for a total value of $102,149.02. Following the transaction, the chief executive officer now owns 541,953 shares of the company’s stock, valued at approximately $8,329,817.61. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Robert Scott Weber sold 1,860 shares of the stock in a transaction on Friday, July 28th. The shares were sold at an average price of $15.48, for a total value of $28,792.80. Following the completion of the transaction, the general counsel now directly owns 19,132 shares in the company, valued at approximately $296,163.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 74,122 shares of company stock valued at $1,131,591. 5.81% of the stock is currently owned by corporate insiders.

A10 Networks Stock Performance

NYSE:ATEN opened at $11.23 on Tuesday. The stock’s fifty day moving average price is $13.82 and its two-hundred day moving average price is $14.32. A10 Networks, Inc. has a 52-week low of $10.03 and a 52-week high of $19.79. The company has a market cap of $832.14 million, a price-to-earnings ratio of 18.72 and a beta of 0.99.

A10 Networks (NYSE:ATEN – Get Free Report) last posted its quarterly earnings data on Wednesday, July 26th. The communications equipment provider reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01. A10 Networks had a return on equity of 23.20% and a net margin of 16.74%. The firm had revenue of $65.82 million for the quarter, compared to the consensus estimate of $62.38 million. On average, equities analysts predict that A10 Networks, Inc. will post 0.58 EPS for the current fiscal year.

A10 Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend was Monday, August 14th. A10 Networks’s dividend payout ratio is 40.00%.

A10 Networks Company Profile

(Free Report)

A10 Networks, Inc provides networking solutions in the Americas, Japan, other Asia Pacific, and EMEA countries. The company offers Thunder Application Delivery Controller (ADC) that provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to boost the delivery and security of applications and microservices; and Thunder Carrier Grade Networking product, which offers standards-compliant address and protocol translation services for service provider networks.