Impax Asset Management Group plc Acquires 137,500 Shares of A10 Networks, Inc. (NYSE:ATEN)

Impax Asset Management Group plc boosted its holdings in shares of A10 Networks, Inc. (NYSE:ATEN) by 25.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 687,500 shares of the communications equipment provider’s stock after purchasing an additional 137,500 shares during the quarter. Impax Asset Management Group plc’s holdings in A10 Networks were worth $9,928,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in ATEN. Guidance Capital Inc. raised its position in shares of A10 Networks by 2.0% during the third quarter. Guidance Capital Inc. now owns 36,355 shares of the communications equipment provider’s stock valued at $530,000 after buying an additional 718 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in A10 Networks by 2.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,239 shares of the communications equipment provider’s stock valued at $377,000 after acquiring an additional 776 shares during the last quarter. Rhumbline Advisers increased its holdings in A10 Networks by 0.4% in the 2nd quarter. Rhumbline Advisers now owns 203,054 shares of the communications equipment provider’s stock valued at $2,812,000 after acquiring an additional 804 shares during the last quarter. Texas Permanent School Fund Corp lifted its stake in A10 Networks by 1.6% in the 1st quarter. Texas Permanent School Fund Corp now owns 61,174 shares of the communications equipment provider’s stock worth $837,000 after purchasing an additional 973 shares in the last quarter. Finally, ProShare Advisors LLC boosted its holdings in shares of A10 Networks by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 14,226 shares of the communications equipment provider’s stock valued at $195,000 after purchasing an additional 984 shares during the last quarter. 98.61% of the stock is owned by hedge funds and other institutional investors.

A10 Networks Stock Up 1.8 %

Shares of NYSE:ATEN opened at $14.72 on Wednesday. The firm has a fifty day simple moving average of $14.12 and a two-hundred day simple moving average of $14.06. A10 Networks, Inc. has a 52 week low of $10.84 and a 52 week high of $16.46. The stock has a market capitalization of $1.09 billion, a P/E ratio of 24.95 and a beta of 1.11.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ATEN. BWS Financial reaffirmed a “buy” rating and issued a $17.00 target price on shares of A10 Networks in a report on Tuesday, July 9th. StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th.

A10 Networks 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.