Short Interest in A10 Networks, Inc. (NYSE:ATEN) Grows By 76.1%

A10 Networks, Inc. (NYSE:ATEN) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 3,470,000 shares, an increase of 76.1% from the February 28th total of 1,970,000 shares. Currently, 4.8% of the company’s stock are short sold. Based on an average daily volume of 1,070,000 shares, the days-to-cover ratio is presently 3.2 days.

Hedge Funds Weigh In On A10 Networks

Large investors have recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB raised its holdings in A10 Networks by 3,389.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider’s stock worth $38,000 after acquiring an additional 2,000 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of A10 Networks by 43.5% in the fourth quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock valued at $45,000 after buying an additional 744 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in A10 Networks during the fourth quarter worth $50,000. Quantbot Technologies LP increased its holdings in A10 Networks by 95.4% during the third quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock worth $82,000 after buying an additional 2,762 shares during the last quarter. Finally, KBC Group NV raised its position in A10 Networks by 79.1% during the fourth 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 in the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

A10 Networks Stock Down 3.0 %

Shares of NYSE:ATEN traded down $0.52 during mid-day trading on Friday, reaching $16.75. 857,285 shares of the stock were exchanged, compared to its average volume of 813,647. The stock’s 50 day simple moving average is $19.47 and its 200-day simple moving average is $17.39. A10 Networks has a one year low of $12.27 and a one year high of $21.90. The company has a market cap of $1.24 billion, a P/E ratio of 25.00 and a beta of 1.17.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. Analysts anticipate that A10 Networks will post 0.69 EPS for the current fiscal year.

A10 Networks Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently issued reports on ATEN shares. StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. BWS Financial reissued a “buy” rating and set a $24.00 price objective on shares of A10 Networks in a research report on Wednesday, February 5th. Finally, Craig Hallum boosted their price objective on shares of A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Wednesday, February 5th.

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.