A10 Networks, Inc. (NYSE:ATEN) Short Interest Update

A10 Networks, Inc. (NYSE:ATEN - Get Free Report) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 3,360,000 shares, an increase of 30.2% from the March 15th total of 2,580,000 shares. Based on an average daily volume of 696,500 shares, the days-to-cover ratio is presently 4.8 days. Currently, 4.9% of the company's stock are sold short.

A10 Networks Stock Down 1.2 %

Shares of A10 Networks stock traded down $0.16 on Monday, reaching $12.94. 477,992 shares of the stock were exchanged, compared to its average volume of 675,951. A10 Networks has a twelve month low of $10.03 and a twelve month high of $15.99. The firm has a market capitalization of $964.03 million, a price-to-earnings ratio of 24.66 and a beta of 1.10. The business has a 50 day moving average price of $13.45 and a two-hundred day moving average price of $12.87.

A10 Networks (NYSE:ATEN - Get Free Report) last released its earnings results on Tuesday, February 6th. The communications equipment provider reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.01). A10 Networks had a return on equity of 21.67% and a net margin of 15.88%. The firm had revenue of $70.42 million for the quarter, compared to analyst estimates of $76.95 million. Research analysts forecast that A10 Networks will post 0.66 EPS for the current year.

A10 Networks Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Thursday, February 15th. A10 Networks's payout ratio is presently 45.28%.

Insider Activity at A10 Networks

In other A10 Networks news, CFO Brian Becker sold 2,047 shares of the firm's stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $13.06, for a total value of $26,733.82. Following the completion of the sale, the chief financial officer now owns 49,252 shares of the company's stock, valued at $643,231.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other A10 Networks news, CEO Dhrupad Trivedi sold 21,498 shares of the firm's stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $13.58, for a total value of $291,942.84. Following the completion of the sale, the chief executive officer now owns 461,507 shares of the company's stock, valued at $6,267,265.06. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Brian Becker sold 2,047 shares of the firm's stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $13.06, for a total value of $26,733.82. Following the completion of the sale, the chief financial officer now directly owns 49,252 shares of the company's stock, valued at approximately $643,231.12. The disclosure for this sale can be found here. Insiders have sold a total of 152,828 shares of company stock valued at $2,032,990 over the last quarter. 5.82% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Osaic Holdings Inc. lifted its holdings in A10 Networks by 44.3% in the second quarter. Osaic Holdings Inc. now owns 2,419 shares of the communications equipment provider's stock valued at $35,000 after acquiring an additional 743 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in A10 Networks by 6.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 13,373 shares of the communications equipment provider's stock valued at $176,000 after acquiring an additional 816 shares during the period. Ameritas Investment Partners Inc. raised its stake in shares of A10 Networks by 17.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,836 shares of the communications equipment provider's stock worth $85,000 after buying an additional 868 shares during the period. Advisor Group Holdings Inc. raised its stake in shares of A10 Networks by 59.6% during the 4th quarter. Advisor Group Holdings Inc. now owns 2,527 shares of the communications equipment provider's stock worth $42,000 after buying an additional 944 shares during the period. Finally, Baird Financial Group Inc. raised its stake in shares of A10 Networks by 7.8% during the 4th quarter. Baird Financial Group Inc. now owns 13,860 shares of the communications equipment provider's stock worth $230,000 after buying an additional 1,006 shares during the period. 98.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, BWS Financial lifted their target price on A10 Networks from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Wednesday, February 7th.

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.