Short Interest in A10 Networks, Inc. (NYSE:ATEN) Rises By 5.6%

A10 Networks, Inc. (NYSE:ATEN) was the target of a significant growth in short interest in August. As of August 15th, there was short interest totalling 2,810,000 shares, a growth of 5.6% from the July 31st total of 2,660,000 shares. Currently, 3.9% of the company’s stock are short sold. Based on an average trading volume of 935,100 shares, the days-to-cover ratio is presently 3.0 days.

Analysts Set New Price Targets

Several research firms have recently issued reports on ATEN. StockNews.com lowered A10 Networks from a “buy” rating to a “hold” rating in a research report on Monday, July 1st. 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.

A10 Networks Stock Up 0.1 %

Shares of A10 Networks stock traded up $0.01 on Monday, reaching $13.77. The company’s stock had a trading volume of 486,900 shares, compared to its average volume of 774,975. A10 Networks has a 52 week low of $10.03 and a 52 week high of $16.46. The firm’s fifty day simple moving average is $13.44 and its two-hundred day simple moving average is $13.83. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 22.57 and a beta of 1.12.

A10 Networks (NYSE:ATEN) last released its quarterly earnings data on Tuesday, July 30th. The communications equipment provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. The company had revenue of $60.10 million during the quarter, compared to the consensus estimate of $64.30 million. A10 Networks had a return on equity of 21.29% and a net margin of 17.51%. A10 Networks’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period last year, the company earned $0.14 EPS. As a group, research analysts predict that A10 Networks will post 0.65 EPS for the current year.

A10 Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.24 annualized dividend and a dividend yield of 1.74%. A10 Networks’s payout ratio is 39.34%.

Institutional Investors Weigh In On A10 Networks

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board purchased a new stake in A10 Networks during the 2nd quarter valued at $29,000. Quarry LP purchased a new position in shares of A10 Networks in the 2nd quarter worth $47,000. nVerses Capital LLC bought a new stake in shares of A10 Networks in the second quarter worth $105,000. Meeder Asset Management Inc. purchased a new stake in A10 Networks during the second quarter valued at $137,000. Finally, Picton Mahoney Asset Management purchased a new stake in A10 Networks during the second quarter valued at $148,000. Hedge funds and other institutional investors own 98.61% of the company’s stock.

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.