A10 Networks, Inc. (NYSE:ATEN) Sees Large Decline in Short Interest

A10 Networks, Inc. (NYSE:ATEN) was the target of a significant decline in short interest in February. As of February 15th, there was short interest totalling 1,470,000 shares, a decline of 18.3% from the January 31st total of 1,800,000 shares. Based on an average daily trading volume, of 723,600 shares, the days-to-cover ratio is currently 2.0 days. Currently, 2.1% of the company’s shares are sold short.

Analyst Ratings Changes

A number of brokerages have issued reports on ATEN. StockNews.com lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a research note on Tuesday. Craig Hallum increased their price objective on A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Wednesday, February 5th. Finally, 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.

Institutional Trading of A10 Networks

Several institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp grew its position in shares of A10 Networks by 2.0% during the third 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in A10 Networks by 11.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,479,989 shares of the communications equipment provider’s stock worth $45,632,000 after purchasing an additional 249,145 shares during the period. Dimensional Fund Advisors LP increased its stake in A10 Networks by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,820,512 shares of the communications equipment provider’s stock valued at $33,498,000 after purchasing an additional 31,697 shares during the period. Geode Capital Management LLC increased its stake in A10 Networks by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,677,206 shares of the communications equipment provider’s stock valued at $30,868,000 after purchasing an additional 14,764 shares during the period. Finally, First Trust Advisors LP raised its holdings in shares of A10 Networks by 3.2% in the fourth quarter. First Trust Advisors LP now owns 1,501,332 shares of the communications equipment provider’s stock valued at $27,625,000 after buying an additional 45,868 shares during the last quarter. 98.61% of the stock is owned by hedge funds and other institutional investors.

A10 Networks Stock Down 3.0 %

Shares of NYSE:ATEN opened at $20.16 on Tuesday. A10 Networks has a fifty-two week low of $12.27 and a fifty-two week high of $21.90. The firm’s 50 day moving average price is $19.58 and its 200 day moving average price is $16.78. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 30.09 and a beta of 1.14.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share for the quarter, beating 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 analysts anticipate that A10 Networks will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.24 annualized dividend and a yield of 1.19%. A10 Networks’s dividend payout ratio is currently 35.82%.

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.