Short Interest in A10 Networks, Inc. (NYSE:ATEN) Increases By 34.0%

A10 Networks, Inc. (NYSE:ATEN) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 1,970,000 shares, an increase of 34.0% from the February 13th total of 1,470,000 shares. Currently, 2.8% of the company’s shares are short sold. Based on an average trading volume of 787,200 shares, the days-to-cover ratio is currently 2.5 days.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ATEN shares. BWS Financial restated a “buy” rating and issued a $24.00 target price on shares of A10 Networks in a report on Wednesday, February 5th. StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, March 12th. Finally, Craig Hallum boosted their price target on shares of A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a report on Wednesday, February 5th.

Hedge Funds Weigh In On A10 Networks

Several hedge funds have recently bought and sold shares of ATEN. Mackenzie Financial Corp boosted its stake in shares of A10 Networks by 58.6% during the 4th quarter. Mackenzie Financial Corp now owns 155,274 shares of the communications equipment provider’s stock worth $2,857,000 after acquiring an additional 57,354 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in A10 Networks in the 4th quarter worth approximately $50,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in A10 Networks by 5.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 191,390 shares of the communications equipment provider’s stock worth $3,522,000 after purchasing an additional 10,005 shares during the period. iSAM Funds UK Ltd acquired a new position in A10 Networks during the fourth quarter valued at approximately $206,000. Finally, Squarepoint Ops LLC grew its holdings in A10 Networks by 363.8% during the fourth quarter. Squarepoint Ops LLC now owns 119,877 shares of the communications equipment provider’s stock valued at $2,206,000 after purchasing an additional 94,032 shares during the last quarter. 98.61% of the stock is owned by institutional investors and hedge funds.

A10 Networks Stock Up 5.1 %

Shares of ATEN traded up $0.85 during midday trading on Monday, reaching $17.71. 4,683,451 shares of the stock were exchanged, compared to its average volume of 701,420. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 26.44 and a beta of 1.17. A10 Networks has a 12-month low of $12.27 and a 12-month high of $21.90. The firm has a 50 day simple moving average of $19.69 and a 200-day simple moving average of $17.14.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.03. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. Research analysts expect that A10 Networks will post 0.69 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Friday, February 14th. A10 Networks’s payout ratio is presently 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.