A10 Networks (NYSE:ATEN) Sees Large Volume Increase - Here's Why

Shares of A10 Networks, Inc. (NYSE:ATEN - Get Free Report) saw strong trading volume on Friday . 1,807,382 shares were traded during mid-day trading, an increase of 149% from the previous session's volume of 724,788 shares.The stock last traded at $16.61 and had previously closed at $16.38.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. StockNews.com raised shares of A10 Networks from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. Craig Hallum upped 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, February 5th. Finally, BWS Financial reissued a "buy" rating and set a $24.00 price objective on shares of A10 Networks in a report on Wednesday, February 5th.

A10 Networks Stock Performance

The firm's fifty day simple moving average is $19.68 and its 200 day simple moving average is $17.17. The firm has a market cap of $1.28 billion, a P/E ratio of 25.93 and a beta of 1.17.

A10 Networks (NYSE:ATEN - Get Free Report) last announced its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities research analysts predict that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

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A10 Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Friday, February 14th. A10 Networks's dividend payout ratio is 35.82%.

Institutional Trading of A10 Networks

Hedge funds have recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB raised its position in shares of A10 Networks by 3,389.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider's stock valued at $38,000 after buying an additional 2,000 shares in the last quarter. GAMMA Investing LLC raised its position in shares of A10 Networks by 43.5% during the 4th quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider's stock valued at $45,000 after buying an additional 744 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in A10 Networks in the 4th quarter worth about $50,000. KBC Group NV raised its position in A10 Networks by 79.1% in the 4th quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider's stock worth $94,000 after purchasing an additional 2,251 shares during the period. Finally, Quantbot Technologies LP raised its position in A10 Networks by 95.4% in the 3rd quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider's stock worth $82,000 after purchasing an additional 2,762 shares during the period. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

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.