A10 Networks (NYSE:ATEN) Sets New 52-Week High – Here’s What Happened

A10 Networks, Inc. (NYSE:ATEN)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $21.98 and last traded at $21.62, with a volume of 2039 shares traded. The stock had previously closed at $21.64.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. StockNews.com lowered A10 Networks from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Craig Hallum increased their price objective on A10 Networks from $16.00 to $18.00 and gave the stock a “hold” rating in a research report on Wednesday, February 5th. Finally, BWS Financial reiterated a “buy” rating and issued a $24.00 price objective on shares of A10 Networks in a research report on Wednesday, February 5th.

A10 Networks Stock Down 1.7 %

The firm has a 50-day moving average of $19.31 and a two-hundred day moving average of $16.32. The company has a market capitalization of $1.56 billion, a PE ratio of 31.51 and a beta of 1.14.

A10 Networks (NYSE:ATEN) last released its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. On average, equities research analysts expect that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Friday, February 14th. A10 Networks’s dividend payout ratio (DPR) is 35.82%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of A10 Networks by 5.7% in the third quarter. Geode Capital Management LLC now owns 1,662,442 shares of the communications equipment provider’s stock valued at $24,010,000 after acquiring an additional 89,175 shares in the last quarter. Barclays PLC raised its stake in shares of A10 Networks by 234.1% in the third quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider’s stock valued at $2,198,000 after acquiring an additional 106,672 shares in the last quarter. Quest Partners LLC raised its stake in shares of A10 Networks by 262.1% in the third quarter. Quest Partners LLC now owns 56,245 shares of the communications equipment provider’s stock valued at $812,000 after acquiring an additional 40,712 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of A10 Networks by 11.8% in the third quarter. Principal Financial Group Inc. now owns 389,088 shares of the communications equipment provider’s stock valued at $5,618,000 after acquiring an additional 41,141 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of A10 Networks by 359.3% in the fourth quarter. SG Americas Securities LLC now owns 32,607 shares of the communications equipment provider’s stock valued at $600,000 after acquiring an additional 25,508 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

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.