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

A10 Networks, Inc. (NYSE:ATEN) was the target of a large growth in short interest during 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. Based on an average daily volume of 615,200 shares, the days-to-cover ratio is currently 3.1 days. Approximately 2.6% of the shares of the company are sold short.

Insider Buying and Selling at A10 Networks

In other A10 Networks news, EVP Karen S. Thomas sold 6,162 shares of the firm’s 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 completion of the sale, the executive vice president now owns 23,799 shares of the company’s stock, valued at $397,443.30. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 5.82% of the company’s stock.

Institutional Inflows and Outflows

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

A10 Networks Trading Up 0.0 %

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

A10 Networks (NYSE:ATEN) last issued 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. A10 Networks had a net margin of 19.29% and a return on equity of 22.69%. The company had revenue of $66.72 million during the quarter, compared to analysts’ expectations of $63.78 million. During the same period in the previous year, the company earned $0.12 EPS. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. On average, analysts expect that A10 Networks will post 0.6 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ATEN shares. StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Craig Hallum downgraded A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a report on Friday, November 8th. Finally, BWS Financial lifted their target price on A10 Networks from $17.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th.

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.