A10 Networks, Inc. (NYSE:ATEN) Sees Large Increase in Short Interest

A10 Networks, Inc. (NYSE:ATEN) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 1,880,000 shares, an increase of 13.3% from the December 31st total of 1,660,000 shares. Approximately 2.6% of the shares of the company are sold short. Based on an average trading volume of 615,200 shares, the days-to-cover ratio is currently 3.1 days.

A10 Networks Stock Up 0.6 %

Shares of NYSE:ATEN traded up $0.12 during midday trading on Monday, hitting $19.73. The stock had a trading volume of 593,309 shares, compared to its average volume of 601,319. The company has a market capitalization of $1.46 billion, a P/E ratio of 29.44 and a beta of 1.14. The company’s 50-day moving average price is $18.45 and its 200-day moving average price is $15.67. A10 Networks has a fifty-two week low of $12.27 and a fifty-two week high of $20.01.

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

A10 Networks Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Monday, November 18th. A10 Networks’s dividend payout ratio is presently 35.82%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ATEN shares. BWS Financial raised their price target on shares of A10 Networks from $17.00 to $24.00 and gave the stock a “buy” rating in a research 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 cut A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price target for the company. in a research note on Friday, November 8th.

Insider Buying and Selling at A10 Networks

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ATEN. Sei Investments Co. grew its holdings in shares of A10 Networks by 0.5% during the 2nd quarter. Sei Investments Co. now owns 210,111 shares of the communications equipment provider’s stock valued at $2,910,000 after purchasing an additional 987 shares during the last quarter. Marshall Wace LLP acquired a new stake in A10 Networks in the second quarter valued at approximately $2,647,000. Squarepoint Ops LLC bought a new stake in shares of A10 Networks during the second quarter worth $280,000. Millennium Management LLC acquired a new position in shares of A10 Networks during the second quarter worth $9,562,000. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of A10 Networks by 2.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,239 shares of the communications equipment provider’s stock valued at $377,000 after acquiring an additional 776 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.