A10 Networks (NYSE:ATEN) Shares Gap Down – Here’s What Happened

Shares of A10 Networks, Inc. (NYSE:ATEN) gapped down before the market opened on Wednesday . The stock had previously closed at $20.28, but opened at $18.65. A10 Networks shares last traded at $20.19, with a volume of 88,641 shares traded.

Analyst Ratings Changes

A number of brokerages have recently commented on ATEN. Craig Hallum raised their price target on A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a report on Wednesday. BWS Financial reissued a “buy” rating and set a $24.00 target price on shares of A10 Networks in a research note on Wednesday. Finally, StockNews.com raised shares of A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th.

A10 Networks Trading Down 0.9 %

The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 30.80 and a beta of 1.14. The firm has a 50-day moving average price of $18.66 and a 200-day moving average price of $15.80.

A10 Networks (NYSE:ATEN) last released its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%. Equities research analysts predict that A10 Networks, Inc. will post 0.6 EPS for the current fiscal year.

A10 Networks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Friday, February 14th. A10 Networks’s dividend payout ratio is presently 35.82%.

Insiders Place Their Bets

In other A10 Networks news, EVP Karen S. Thomas sold 6,162 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $16.70, for a total transaction of $102,905.40. Following the sale, the executive vice president now owns 23,799 shares in the company, valued at approximately $397,443.30. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.82% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its stake in A10 Networks by 3,389.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider’s stock worth $38,000 after purchasing an additional 2,000 shares during the period. GAMMA Investing LLC lifted its holdings 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 purchasing an additional 744 shares in the last quarter. Copeland Capital Management LLC acquired a new stake in shares of A10 Networks in the third quarter worth $43,000. KBC Group NV boosted its position in shares of A10 Networks by 79.1% in the fourth quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider’s stock worth $94,000 after buying an additional 2,251 shares during the period. Finally, Quantbot Technologies LP grew its holdings in shares of A10 Networks by 95.4% during the third quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock valued at $82,000 after buying an additional 2,762 shares in the last quarter. 98.61% of the stock is owned by hedge funds and other 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.