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

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

A10 Networks Stock Down 0.1 %

Shares of ATEN stock traded down $0.01 during trading on Wednesday, reaching $18.40. The company’s stock had a trading volume of 435,650 shares, compared to its average volume of 724,855. A10 Networks has a one year low of $12.27 and a one year high of $19.37. The business has a fifty day moving average price of $17.04 and a 200-day moving average price of $14.86. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 27.46 and a beta of 1.16.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. The firm had revenue of $66.72 million for the quarter, compared to analysts’ expectations of $63.78 million. A10 Networks had a net margin of 19.29% and a return on equity of 22.69%. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 EPS. Research analysts anticipate that A10 Networks will post 0.6 EPS for the current year.

A10 Networks Dividend Announcement

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

Insider Activity at A10 Networks

In other A10 Networks news, EVP Karen S. Thomas sold 6,162 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $16.70, for a total value of $102,905.40. Following the completion of the sale, the executive vice president now directly owns 23,799 shares in the company, valued at $397,443.30. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.81% of the company’s stock.

Institutional Investors Weigh In On A10 Networks

Institutional investors and hedge funds have recently made changes to their positions in the stock. Guidance Capital Inc. raised its holdings in shares of A10 Networks by 2.0% in the 3rd quarter. Guidance Capital Inc. now owns 36,355 shares of the communications equipment provider’s stock valued at $530,000 after purchasing an additional 718 shares during the period. Martingale Asset Management L P raised its stake in A10 Networks by 0.8% in the third quarter. Martingale Asset Management L P now owns 101,051 shares of the communications equipment provider’s stock valued at $1,459,000 after buying an additional 770 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of A10 Networks by 2.9% in the second quarter. The Manufacturers Life Insurance Company now owns 27,239 shares of the communications equipment provider’s stock valued at $377,000 after buying an additional 776 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of A10 Networks by 0.4% during the 2nd quarter. Rhumbline Advisers now owns 203,054 shares of the communications equipment provider’s stock worth $2,812,000 after acquiring an additional 804 shares during the period. Finally, Y Intercept Hong Kong Ltd boosted its stake in shares of A10 Networks by 1.5% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 54,664 shares of the communications equipment provider’s stock worth $789,000 after acquiring an additional 814 shares during the period. Institutional investors own 98.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ATEN shares. BWS Financial boosted their price objective on shares of A10 Networks from $17.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Craig Hallum lowered A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a report on Friday, November 8th. Finally, StockNews.com upgraded A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

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.