A10 Networks (NYSE:ATEN) Sees Strong Trading Volume – Time to Buy?

A10 Networks, Inc. (NYSE:ATEN) shares saw strong trading volume on Friday . 1,807,382 shares traded hands during mid-day trading, an increase of 149% from the previous session’s volume of 724,788 shares.The stock last traded at $16.61 and had previously closed at $16.38.

Analyst Ratings Changes

ATEN has been the topic of a number of research reports. BWS Financial restated a “buy” rating and set a $24.00 price target on shares of A10 Networks in a research note on Wednesday, February 5th. Craig Hallum increased their price target on shares of A10 Networks from $16.00 to $18.00 and gave the stock a “hold” rating in a research report on Wednesday, February 5th. Finally, StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday.

A10 Networks Stock Performance

The company has a 50 day moving average of $19.72 and a 200 day moving average of $17.07. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 25.13 and a beta of 1.17.

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

A10 Networks Announces Dividend

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

Institutional Trading of A10 Networks

A number of institutional investors have recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB increased its holdings in shares of 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 valued at $38,000 after acquiring an additional 2,000 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of A10 Networks by 43.5% in the 4th quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock valued at $45,000 after acquiring an additional 744 shares during the period. Sunbelt Securities Inc. purchased a new position in A10 Networks during the 4th quarter worth $50,000. KBC Group NV increased its stake in A10 Networks by 79.1% in the fourth quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider’s stock valued at $94,000 after purchasing an additional 2,251 shares during the period. Finally, Quantbot Technologies LP boosted its stake 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 worth $82,000 after buying an additional 2,762 shares during the period. 98.61% of the stock is owned by hedge funds and other institutional investors.

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.