Short Interest in A10 Networks, Inc. (NYSE:ATEN) Expands By 13.3%

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

Analyst Ratings Changes

A number of research firms recently issued reports on ATEN. StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. Craig Hallum downgraded shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research report on Friday, November 8th. Finally, BWS Financial boosted their target price 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.

A10 Networks Stock Up 0.0 %

ATEN traded up $0.00 during trading on Monday, hitting $19.61. 197,028 shares of the company’s stock were exchanged, compared to its average volume of 582,100. The business’s 50 day moving average is $18.45 and its two-hundred day moving average is $15.67. A10 Networks has a fifty-two week low of $12.27 and a fifty-two week high of $20.01. The stock has a market cap of $1.45 billion, a P/E ratio of 29.27 and a beta of 1.14.

A10 Networks (NYSE:ATEN) last released its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. A10 Networks had a net margin of 19.29% and a return on equity of 22.69%. The firm had revenue of $66.72 million for the quarter, compared to the consensus estimate of $63.78 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The business’s revenue was up 15.5% on a year-over-year basis. On average, sell-side analysts forecast that A10 Networks will post 0.6 earnings per share for the current year.

A10 Networks Dividend Announcement

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

Insider Transactions at A10 Networks

In related news, EVP Karen S. Thomas sold 6,162 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were 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. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.82% of the company’s stock.

Institutional Trading of A10 Networks

Several institutional investors have recently made changes to their positions in the company. State Street Corp grew its stake in shares of A10 Networks by 2.0% in the 3rd quarter. State Street Corp now owns 3,171,077 shares of the communications equipment provider’s stock worth $45,790,000 after acquiring an additional 62,015 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of A10 Networks by 5.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,662,442 shares of the communications equipment provider’s stock worth $24,010,000 after acquiring an additional 89,175 shares in the last quarter. Royce & Associates LP grew its stake in shares of A10 Networks by 12.7% in the 3rd quarter. Royce & Associates LP now owns 842,656 shares of the communications equipment provider’s stock worth $12,168,000 after acquiring an additional 94,710 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of A10 Networks by 2.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 816,165 shares of the communications equipment provider’s stock worth $15,017,000 after acquiring an additional 20,537 shares in the last quarter. Finally, Millennium Management LLC bought a new stake in shares of A10 Networks in the 2nd quarter worth $9,562,000. Institutional investors own 98.61% of the company’s stock.

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.