Short Interest in A10 Networks, Inc. (NYSE:ATEN) Grows By 7.8%

A10 Networks, Inc. (NYSE:ATEN) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 1,660,000 shares, a growth of 7.8% from the November 30th total of 1,540,000 shares. Based on an average daily volume of 613,800 shares, the short-interest ratio is currently 2.7 days. Currently, 2.3% of the shares of the stock are short sold.

A10 Networks Trading Down 0.1 %

ATEN opened at $18.40 on Thursday. A10 Networks has a 12 month low of $12.27 and a 12 month high of $19.37. The business’s 50-day moving average price is $17.04 and its 200-day moving average price is $14.86. The company has a market cap of $1.36 billion, a P/E ratio of 27.46 and a beta of 1.16.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. The firm had revenue of $66.72 million during the quarter, compared to the consensus estimate of $63.78 million. A10 Networks had a net margin of 19.29% and a return on equity of 22.69%. During the same period in the prior year, the firm posted $0.12 earnings per share. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. Equities research analysts forecast that A10 Networks will post 0.6 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were issued a dividend of $0.06 per share. The ex-dividend date was Monday, November 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.30%. A10 Networks’s dividend payout ratio (DPR) is 35.82%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ATEN. BWS Financial lifted their price objective on shares of A10 Networks from $17.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. Finally, Craig Hallum lowered shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a report on Friday, November 8th.

Insider Activity

In related news, EVP Karen S. Thomas sold 6,162 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $16.70, for a total value of $102,905.40. Following the transaction, the executive vice president now directly owns 23,799 shares in the company, valued at approximately $397,443.30. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.81% of the company’s stock.

Institutional Investors Weigh In On A10 Networks

Several hedge funds have recently made changes to their positions in the company. Mackenzie Financial Corp boosted its holdings in shares of A10 Networks by 15.6% during the 2nd quarter. Mackenzie Financial Corp now owns 46,062 shares of the communications equipment provider’s stock valued at $638,000 after buying an additional 6,217 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of A10 Networks by 5.7% during the third quarter. Geode Capital Management LLC now owns 1,662,442 shares of the communications equipment provider’s stock valued at $24,010,000 after purchasing an additional 89,175 shares in the last quarter. Barclays PLC boosted its stake in A10 Networks by 234.1% during the 3rd quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider’s stock valued at $2,198,000 after purchasing an additional 106,672 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of A10 Networks in the 2nd quarter worth $516,000. Finally, Quest Partners LLC lifted its holdings in shares of A10 Networks by 262.1% during the third quarter. Quest Partners LLC now owns 56,245 shares of the communications equipment provider’s stock valued at $812,000 after purchasing an additional 40,712 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors.

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.