Short Interest in A10 Networks, Inc. (NYSE:ATEN) Rises By 76.1%

A10 Networks, Inc. (NYSE:ATEN) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 3,470,000 shares, an increase of 76.1% from the February 28th total of 1,970,000 shares. Based on an average daily trading volume, of 1,070,000 shares, the days-to-cover ratio is currently 3.2 days. Approximately 4.8% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ATEN. BWS Financial reiterated a “buy” rating and set a $24.00 price target on shares of A10 Networks in a research note 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 lifted their target price on shares of A10 Networks from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Wednesday, February 5th.

A10 Networks Price Performance

A10 Networks stock opened at $16.75 on Monday. A10 Networks has a one year low of $12.27 and a one year high of $21.90. The firm has a market capitalization of $1.24 billion, a P/E ratio of 25.00 and a beta of 1.17. The business has a fifty day moving average price of $19.47 and a 200-day moving average price of $17.42.

A10 Networks (NYSE:ATEN) last posted its 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%. Sell-side analysts expect that A10 Networks will post 0.69 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Friday, February 14th. A10 Networks’s payout ratio is 35.82%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Marshall Wace LLP raised its stake in A10 Networks by 364.8% in the fourth 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 raised its position in A10 Networks by 350.4% during the fourth 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 in the last quarter. Norges Bank bought a new position in shares of A10 Networks during the 4th quarter valued at about $7,202,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in A10 Networks by 11.2% in 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 buying an additional 249,145 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in A10 Networks during the fourth quarter valued at approximately $4,236,000. Institutional investors own 98.61% of the company’s stock.

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.