A10 Networks (NYSE:ATEN) Reaches New 1-Year High - Should You Buy?

Shares of A10 Networks, Inc. (NYSE:ATEN - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $21.98 and last traded at $21.62, with a volume of 2039 shares trading hands. The stock had previously closed at $21.64.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. BWS Financial reiterated a "buy" rating and issued a $24.00 price target on shares of A10 Networks in a research note on Wednesday, February 5th. Craig Hallum boosted their price target on A10 Networks from $16.00 to $18.00 and gave the company a "hold" rating in a research note on Wednesday, February 5th. Finally, StockNews.com cut A10 Networks from a "buy" rating to a "hold" rating in a research note on Friday.

A10 Networks Stock Down 3.9 %

The firm has a 50 day simple moving average of $19.35 and a two-hundred day simple moving average of $16.35. The stock has a market capitalization of $1.50 billion, a P/E ratio of 30.32 and a beta of 1.14.

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

A10 Networks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.18%. The ex-dividend date is Friday, February 14th. A10 Networks's payout ratio is presently 35.82%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB increased its holdings in shares of A10 Networks by 3,389.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider's stock worth $38,000 after buying an additional 2,000 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of A10 Networks by 43.5% during the fourth quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider's stock worth $45,000 after buying an additional 744 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in shares of A10 Networks during the fourth quarter worth $50,000. Quantbot Technologies LP increased its holdings in shares of A10 Networks by 95.4% during the third quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider's stock worth $82,000 after buying an additional 2,762 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of A10 Networks by 79.1% during the fourth quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider's stock worth $94,000 after buying an additional 2,251 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

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.