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

A10 Networks, Inc. (NYSE:ATEN - Get Free Report) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 3,470,000 shares, a growth 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 presently 3.2 days. Approximately 4.8% of the company's stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ATEN. State Street Corp lifted its holdings 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 worth $45,790,000 after purchasing an additional 62,015 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in A10 Networks by 11.2% during 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. Dimensional Fund Advisors LP lifted its stake in shares of A10 Networks by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,820,512 shares of the communications equipment provider's stock worth $33,498,000 after acquiring an additional 31,697 shares during the period. Geode Capital Management LLC boosted its holdings in shares of A10 Networks by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,677,206 shares of the communications equipment provider's stock valued at $30,868,000 after acquiring an additional 14,764 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of A10 Networks by 3.2% during the fourth quarter. First Trust Advisors LP now owns 1,501,332 shares of the communications equipment provider's stock worth $27,625,000 after acquiring an additional 45,868 shares during the period. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of research firms recently commented on ATEN. BWS Financial reaffirmed a "buy" rating and issued a $24.00 target price on shares of A10 Networks in a research report on Wednesday, February 5th. Craig Hallum raised their price objective on A10 Networks from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Wednesday, February 5th. Finally, StockNews.com raised A10 Networks from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th.

A10 Networks Trading Up 1.6 %

Shares of A10 Networks stock traded up $0.26 during trading on Wednesday, reaching $16.88. The company's stock had a trading volume of 293,189 shares, compared to its average volume of 815,365. The company has a 50-day moving average price of $19.37 and a two-hundred day moving average price of $17.47. A10 Networks has a fifty-two week low of $12.27 and a fifty-two week high of $21.90. The firm has a market cap of $1.25 billion, a PE ratio of 25.19 and a beta of 1.17.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.03. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. On average, analysts predict that A10 Networks will post 0.69 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.42%. A10 Networks's payout ratio is 35.82%.

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.