A10 Networks (NYSE:ATEN) Shares Gap Down to $14.21

A10 Networks, Inc. (NYSE:ATEN) gapped down prior to trading on Wednesday . The stock had previously closed at $14.21, but opened at $12.82. A10 Networks shares last traded at $12.82, with a volume of 39,205 shares traded.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ATEN shares. BWS Financial reiterated a “buy” rating and issued a $17.00 price objective on shares of A10 Networks in a report on Tuesday, July 9th. StockNews.com cut A10 Networks from a “buy” rating to a “hold” rating in a report on Monday, July 1st. Finally, Craig Hallum increased their price objective on A10 Networks from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st.

A10 Networks Trading Up 0.3 %

The firm has a market cap of $962.53 million, a PE ratio of 21.30 and a beta of 1.12. The firm has a fifty day simple moving average of $13.96 and a two-hundred day simple moving average of $13.88.

A10 Networks (NYSE:ATEN) last announced its earnings results on Tuesday, July 30th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. A10 Networks had a return on equity of 21.50% and a net margin of 17.51%. The firm had revenue of $60.10 million during the quarter, compared to analyst estimates of $64.30 million. During the same quarter in the prior year, the company earned $0.14 EPS. The business’s revenue was down 8.7% compared to the same quarter last year. Equities analysts expect that A10 Networks, Inc. will post 0.66 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, August 15th. A10 Networks’s dividend payout ratio is currently 39.34%.

Insider Activity at A10 Networks

In related news, Director Peter Y. Chung sold 3,296,047 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $15.40, for a total transaction of $50,759,123.80. Following the completion of the transaction, the director now owns 619,166 shares of the company’s stock, valued at approximately $9,535,156.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 5.81% of the stock is owned by corporate insiders.

Institutional Trading of A10 Networks

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of A10 Networks by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 6,965,847 shares of the communications equipment provider’s stock worth $104,697,000 after buying an additional 185,362 shares during the last quarter. New York State Teachers Retirement System boosted its stake in shares of A10 Networks by 21.8% in the 4th quarter. New York State Teachers Retirement System now owns 37,450 shares of the communications equipment provider’s stock worth $493,000 after buying an additional 6,715 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of A10 Networks by 37.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,486,953 shares of the communications equipment provider’s stock worth $32,753,000 after buying an additional 676,509 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of A10 Networks in the 4th quarter worth $163,000. Finally, Impax Asset Management Group plc boosted its stake in shares of A10 Networks by 19.2% in the 4th quarter. Impax Asset Management Group plc now owns 775,000 shares of the communications equipment provider’s stock worth $10,207,000 after buying an additional 125,000 shares during the last quarter. Institutional investors 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.