A10 Networks (NYSE:ATEN) Shares Gap Up – Time to Buy?

Shares of A10 Networks, Inc. (NYSE:ATEN) gapped up prior to trading on Monday . The stock had previously closed at $16.86, but opened at $17.76. A10 Networks shares last traded at $17.58, with a volume of 476,318 shares changing hands.

Analysts Set New Price Targets

Several analysts have recently commented on ATEN shares. BWS Financial reiterated a “buy” rating and issued a $24.00 target price on shares of A10 Networks in a report on Wednesday, February 5th. StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th. Finally, Craig Hallum increased their target price on shares of A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a report on Wednesday, February 5th.

A10 Networks Price Performance

The business’s fifty day moving average is $19.65 and its 200-day moving average is $17.19. The firm has a market cap of $1.28 billion, a PE ratio of 25.93 and a beta of 1.17.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data 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 net margin of 19.16% and a return on equity of 23.44%. Analysts forecast that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, February 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.38%. A10 Networks’s dividend payout ratio (DPR) is presently 35.82%.

Institutional Trading of A10 Networks

A number of large investors have recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB increased its stake in shares of A10 Networks by 3,389.8% in the fourth 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 in the last quarter. GAMMA Investing LLC increased its stake 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 worth $45,000 after purchasing an additional 744 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in shares of A10 Networks in the fourth quarter worth about $50,000. KBC Group NV increased its stake 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 purchasing an additional 2,251 shares in the last quarter. Finally, Quantbot Technologies LP increased its stake in shares of A10 Networks by 95.4% in the third quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock worth $82,000 after purchasing an additional 2,762 shares in the last quarter. Hedge funds and other 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.