A10 Networks, Inc. (NYSE:ATEN) Short Interest Up 13.3% in January

A10 Networks, Inc. (NYSE:ATEN - Get Free Report) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 1,880,000 shares, an increase of 13.3% from the December 31st total of 1,660,000 shares. Based on an average trading volume of 615,200 shares, the days-to-cover ratio is currently 3.1 days. Currently, 2.6% of the shares of the stock are sold short.

Analysts Set New Price Targets

Several analysts have recently issued reports on ATEN shares. StockNews.com upgraded shares of A10 Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, October 16th. BWS Financial reiterated a "buy" rating and set a $24.00 price objective on shares of A10 Networks in a research report on Wednesday. Finally, Craig Hallum raised their target price on shares of A10 Networks from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Wednesday.

A10 Networks Stock Performance

ATEN stock traded down $0.29 during midday trading on Thursday, reaching $20.54. The company's stock had a trading volume of 829,098 shares, compared to its average volume of 655,429. A10 Networks has a 1 year low of $12.27 and a 1 year high of $20.96. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 30.65 and a beta of 1.14. The stock has a fifty day simple moving average of $18.66 and a two-hundred day simple moving average of $15.80.

A10 Networks (NYSE:ATEN - Get Free Report) last announced its quarterly earnings data 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 net margin of 19.29% and a return on equity of 22.69%. As a group, analysts forecast that A10 Networks will post 0.6 EPS for the current fiscal year.

A10 Networks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, February 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.17%. A10 Networks's dividend payout ratio is currently 35.82%.

Insider Buying and Selling

In other news, EVP Karen S. Thomas sold 6,162 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $16.70, for a total transaction of $102,905.40. Following the sale, the executive vice president now directly owns 23,799 shares of the company's stock, valued at $397,443.30. This represents a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.81% of the stock is owned by company insiders.

Institutional Investors Weigh In On A10 Networks

Several large investors have recently modified their holdings of the business. State Street Corp lifted 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 valued at $45,790,000 after buying an additional 62,015 shares during the last quarter. Geode Capital Management LLC boosted its stake in A10 Networks by 5.7% in the third quarter. Geode Capital Management LLC now owns 1,662,442 shares of the communications equipment provider's stock valued at $24,010,000 after acquiring an additional 89,175 shares in the last quarter. Royce & Associates LP grew its holdings in A10 Networks by 12.7% in the third quarter. Royce & Associates LP now owns 842,656 shares of the communications equipment provider's stock worth $12,168,000 after purchasing an additional 94,710 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of A10 Networks by 2.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 816,165 shares of the communications equipment provider's stock worth $15,017,000 after purchasing an additional 20,537 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of A10 Networks during the 2nd quarter valued at $9,562,000. Institutional investors own 98.61% of the company's stock.

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.