A10 Networks, Inc. (NYSE:ATEN) Short Interest Update

A10 Networks, Inc. (NYSE:ATEN) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 1,970,000 shares, an increase of 34.0% from the February 13th total of 1,470,000 shares. Currently, 2.8% of the shares of the company are short sold. Based on an average daily volume of 787,200 shares, the short-interest ratio is presently 2.5 days.

Analysts Set New Price Targets

ATEN has been the topic of several recent research reports. Craig Hallum increased their price objective on A10 Networks from $16.00 to $18.00 and gave the stock a “hold” rating in a research report on Wednesday, February 5th. StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, BWS Financial reissued a “buy” rating and issued a $24.00 price objective on shares of A10 Networks in a report on Wednesday, February 5th.

A10 Networks Stock Performance

Shares of A10 Networks stock traded up $0.46 on Friday, reaching $16.84. 2,838,102 shares of the stock were exchanged, compared to its average volume of 704,235. The firm has a market cap of $1.25 billion, a PE ratio of 25.13 and a beta of 1.17. The firm’s 50 day moving average is $19.69 and its 200-day moving average is $17.12. A10 Networks has a one year low of $12.27 and a one year high of $21.90.

A10 Networks (NYSE:ATEN) last released its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.03. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. On average, equities research analysts expect that A10 Networks will post 0.69 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Friday, February 14th. A10 Networks’s dividend payout ratio (DPR) is presently 35.82%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB grew its holdings in shares of A10 Networks by 3,389.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider’s stock valued at $38,000 after purchasing an additional 2,000 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of A10 Networks by 43.5% during the fourth quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock worth $45,000 after buying an additional 744 shares during the last quarter. Sunbelt Securities Inc. bought a new position in shares of A10 Networks in the 4th quarter valued at $50,000. Quantbot Technologies LP boosted its holdings in shares of A10 Networks by 95.4% during the 3rd quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock valued at $82,000 after acquiring an additional 2,762 shares in the last quarter. Finally, KBC Group NV grew its position in A10 Networks by 79.1% during the 4th quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider’s stock worth $94,000 after acquiring an additional 2,251 shares during the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.

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.