A10 Networks (NYSE:ATEN) Hits New 52-Week High - Time to Buy?

A10 Networks, Inc. (NYSE:ATEN - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $21.10 and last traded at $21.01, with a volume of 313857 shares traded. The stock had previously closed at $20.61.

Analyst Ratings Changes

Several research analysts have recently commented on ATEN shares. StockNews.com cut shares of A10 Networks from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Craig Hallum lifted their price objective on shares of A10 Networks from $16.00 to $18.00 and gave the company a "hold" rating in a research note on Wednesday, February 5th. Finally, BWS Financial reissued a "buy" rating and issued a $24.00 price objective on shares of A10 Networks in a research note on Wednesday, February 5th.

A10 Networks Price Performance

The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 32.25 and a beta of 1.14. The business's 50-day simple moving average is $19.12 and its two-hundred day simple moving average is $16.16.

A10 Networks (NYSE:ATEN - Get Free Report) last issued 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 net margin of 19.16% and a return on equity of 23.44%. Equities research analysts forecast that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a dividend of $0.06 per share. The ex-dividend date is Friday, February 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.11%. A10 Networks's dividend payout ratio (DPR) is presently 35.82%.

Hedge Funds Weigh In On A10 Networks

A number of hedge funds have recently modified their holdings of the business. Geode Capital Management LLC increased 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 purchasing an additional 89,175 shares in the last quarter. Barclays PLC increased its stake in A10 Networks by 234.1% in the third quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider's stock valued at $2,198,000 after purchasing an additional 106,672 shares in the last quarter. Quest Partners LLC increased its stake in A10 Networks by 262.1% in the third quarter. Quest Partners LLC now owns 56,245 shares of the communications equipment provider's stock valued at $812,000 after purchasing an additional 40,712 shares in the last quarter. Principal Financial Group Inc. increased its stake in A10 Networks by 11.8% in the third quarter. Principal Financial Group Inc. now owns 389,088 shares of the communications equipment provider's stock valued at $5,618,000 after purchasing an additional 41,141 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in A10 Networks by 359.3% in the fourth quarter. SG Americas Securities LLC now owns 32,607 shares of the communications equipment provider's stock valued at $600,000 after purchasing an additional 25,508 shares in the last quarter. Institutional investors and hedge funds 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.