Principal Financial Group Inc. Has $5.62 Million Stock Holdings in A10 Networks, Inc. (NYSE:ATEN)

Principal Financial Group Inc. lifted its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 11.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 389,088 shares of the communications equipment provider’s stock after buying an additional 41,141 shares during the quarter. Principal Financial Group Inc.’s holdings in A10 Networks were worth $5,618,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Franklin Resources Inc. increased its position in A10 Networks by 3.6% during the third quarter. Franklin Resources Inc. now owns 63,664 shares of the communications equipment provider’s stock worth $937,000 after acquiring an additional 2,187 shares during the period. Hohimer Wealth Management LLC acquired a new position in shares of A10 Networks during the 3rd quarter worth approximately $197,000. 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 worth $24,010,000 after purchasing an additional 89,175 shares during the period. Barclays PLC raised its position in shares of A10 Networks by 234.1% in the third quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider’s stock valued at $2,198,000 after buying an additional 106,672 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its stake in shares of A10 Networks by 1.5% in the third quarter. Y Intercept Hong Kong Ltd now owns 54,664 shares of the communications equipment provider’s stock valued at $789,000 after buying an additional 814 shares during the period. Institutional investors own 98.61% of the company’s stock.

A10 Networks Price Performance

NYSE ATEN opened at $18.40 on Thursday. The business has a fifty day moving average price of $17.04 and a two-hundred day moving average price of $14.86. The stock has a market capitalization of $1.36 billion, a PE ratio of 27.46 and a beta of 1.16. A10 Networks, Inc. has a fifty-two week low of $12.27 and a fifty-two week high of $19.37.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%. The business had revenue of $66.72 million during the quarter, compared to the consensus estimate of $63.78 million. During the same period in the prior year, the company earned $0.12 EPS. A10 Networks’s revenue for the quarter was up 15.5% on a year-over-year basis. As a group, sell-side analysts expect that A10 Networks, Inc. will post 0.6 earnings per share for the current year.

A10 Networks Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were paid a $0.06 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.30%. A10 Networks’s payout ratio is currently 35.82%.

Insider Activity at A10 Networks

In other A10 Networks news, EVP Karen S. Thomas sold 6,162 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $16.70, for a total value of $102,905.40. Following the sale, the executive vice president now owns 23,799 shares in the company, valued at $397,443.30. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 5.81% of the stock is currently owned by insiders.

Analyst Ratings Changes

ATEN has been the topic of a number of recent research reports. BWS Financial raised their price objective on A10 Networks from $17.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Craig Hallum downgraded A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price target for the company. in a research note on Friday, November 8th. Finally, StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th.

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.