SCHEDULE: Legal & General Group Discloses 3.1% Passive Stake in A10 Networks
Beneficial Ownership Report
Legal & General Group Plc and its affiliated entities have filed an amended Schedule 13G, disclosing a collective passive beneficial ownership of approximately 3.1% in A10 Networks, Inc. common stock as of December 31, 2021.
Summary
- Legal & General Group Plc, along with its subsidiaries Legal & General Investment Management Ltd, LGIM Managers (Europe) Limited, Legal & General UCITS ETF Plc, and Legal & General Investment Management America Inc, collectively reported beneficial ownership in A10 Networks, Inc.
- As of December 31, 2021, Legal & General Group Plc reported an aggregate beneficial ownership of 2,405,702 shares, representing 3.1% of A10 Networks' common stock.
- Legal & General Investment Management Ltd reported beneficial ownership of 2,388,253 shares, also representing 3.1% of the class.
- LGIM Managers (Europe) Limited and Legal & General UCITS ETF Plc each reported beneficial ownership of 2,386,395 shares, representing 3.08% and 3.1% respectively.
- Legal & General Investment Management America Inc reported a smaller beneficial ownership of 17,449 shares, representing 0.02% of the class.
- The filing indicates that the reporting persons hold the shares as passive investors, consistent with a Schedule 13G filing under Rule 13d-1(b).
Sentiment
Score: 5
Explanation: The document is a neutral, factual disclosure of beneficial ownership, providing no positive or negative financial or operational information about the issuer.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
NA
Management Comments
- Mary Ann Colledge, Head of Conduct Advisory for Legal & General Group Plc and its affiliates, certified that, to the best of her knowledge and belief, the information set forth in this statement is true, complete, and correct.
- The certification also states that the foreign regulatory scheme applicable to the financial institutions in the group is substantially comparable to the regulatory scheme applicable to functionally equivalent U.S. institutions, and an undertaking to furnish information to the Commission staff upon request.
Industry Context
This filing represents a routine disclosure by a large institutional investment group regarding its passive ownership stake in a publicly traded technology company, A10 Networks, Inc. Such disclosures are common for investment firms managing diversified portfolios.
Comparison to Industry Standards
- NA
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's passive stake in the company, which can influence market perception of institutional interest.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 12/31/2021 | Date of event which requires the filing of this statement, indicating the beneficial ownership position. |
| 07/02/2025 | Signature date for all reporting persons by Mary Ann Colledge, Head of Conduct Advisory. |
Keywords
A10 Networks, Legal & General Group, Beneficial Ownership, Schedule 13G, Investment Management, Common Stock, SEC Filing, Institutional Investor
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