A10 Networks (NYSE:ATEN) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of A10 Networks (NYSE:ATEN) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

Other research analysts have also issued reports about the company. Craig Hallum upped their target price on A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Wednesday, February 5th. BWS Financial reaffirmed a “buy” rating and set a $24.00 price objective on shares of A10 Networks in a report on Wednesday, February 5th.

A10 Networks Price Performance

NYSE ATEN opened at $20.32 on Friday. The company’s fifty day moving average is $19.35 and its two-hundred day moving average is $16.35. A10 Networks has a 52-week low of $12.27 and a 52-week high of $21.90. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 30.32 and a beta of 1.14.

A10 Networks (NYSE:ATEN) last released its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share 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%. As a group, sell-side analysts expect that A10 Networks will post 0.69 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, March 3rd. Investors of record on Friday, February 14th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.18%. A10 Networks’s dividend payout ratio (DPR) is presently 35.82%.

Institutional Trading of A10 Networks

A number of large investors have recently bought and sold shares of ATEN. Marshall Wace LLP boosted its stake in shares of A10 Networks by 364.8% in the 4th quarter. Marshall Wace LLP now owns 683,711 shares of the communications equipment provider’s stock valued at $12,580,000 after purchasing an additional 536,600 shares in the last quarter. Barclays PLC lifted its holdings in A10 Networks by 350.4% during the 4th quarter. Barclays PLC now owns 685,720 shares of the communications equipment provider’s stock valued at $12,618,000 after purchasing an additional 533,482 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in A10 Networks by 175.0% in the third quarter. Harbor Capital Advisors Inc. now owns 795,628 shares of the communications equipment provider’s stock valued at $11,489,000 after buying an additional 506,332 shares in the last quarter. Norges Bank bought a new stake in A10 Networks during the fourth quarter worth about $7,202,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of A10 Networks by 11.2% during the fourth 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 buying an additional 249,145 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors.

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.