A10 Networks, Inc. (NYSE:ATEN) Short Interest Update

A10 Networks, Inc. (NYSE:ATEN) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 1,230,000 shares, a decrease of 8.9% from the October 15th total of 1,350,000 shares. Based on an average daily trading volume, of 553,800 shares, the short-interest ratio is currently 2.2 days. Currently, 1.7% of the shares of the stock are short sold.

Insiders Place Their Bets

In related news, EVP Karen S. Thomas sold 6,162 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $16.70, for a total value of $102,905.40. Following the sale, the executive vice president now directly owns 23,799 shares of the company’s stock, valued at $397,443.30. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 5.82% of the company’s stock.

Institutional Investors Weigh In On A10 Networks

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Pacer Advisors Inc. lifted its holdings in A10 Networks by 43,184.1% during the 2nd quarter. Pacer Advisors Inc. now owns 1,728,336 shares of the communications equipment provider’s stock worth $23,937,000 after purchasing an additional 1,724,343 shares in the last quarter. Millennium Management LLC bought a new position in A10 Networks during the 2nd quarter valued at approximately $9,562,000. Harbor Capital Advisors Inc. lifted its position in shares of A10 Networks by 175.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 795,628 shares of the communications equipment provider’s stock worth $11,489,000 after purchasing an additional 506,332 shares during the period. Assenagon Asset Management S.A. grew its stake in A10 Networks by 48.2% in the second quarter. Assenagon Asset Management S.A. now owns 946,894 shares of the communications equipment provider’s stock worth $13,114,000 after purchasing an additional 308,000 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in A10 Networks during the 2nd quarter valued at approximately $4,058,000. 98.61% of the stock is owned by institutional investors.

A10 Networks Price Performance

NYSE ATEN traded down $0.02 on Tuesday, reaching $16.33. The company had a trading volume of 72,772 shares, compared to its average volume of 715,473. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 24.33 and a beta of 1.11. A10 Networks has a fifty-two week low of $11.92 and a fifty-two week high of $16.92. The business has a 50 day moving average of $14.61 and a two-hundred day moving average of $14.21.

A10 Networks (NYSE:ATEN) last announced its earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. The business had revenue of $66.72 million for the quarter, compared to analysts’ expectations of $63.78 million. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%. The firm’s revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.12 earnings per share. As a group, research analysts predict that A10 Networks will post 0.65 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Monday, November 18th. A10 Networks’s dividend payout ratio is presently 35.82%.

Analysts Set New Price Targets

ATEN has been the subject of a number of research analyst reports. Craig Hallum cut shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a research report on Friday, November 8th. BWS Financial raised their price objective on A10 Networks from $17.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, StockNews.com upgraded A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

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.