A10 Networks (NYSE:ATEN) Reaches New 52-Week High - Should You Buy?

A10 Networks, Inc. (NYSE:ATEN - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $19.22 and last traded at $19.16, with a volume of 90110 shares. The stock had previously closed at $18.67.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. 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 raised their target price on A10 Networks from $17.00 to $24.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Finally, Craig Hallum cut shares of A10 Networks from a "buy" rating to a "hold" rating and set a $16.00 price target on the stock. in a research report on Friday, November 8th.

A10 Networks Trading Up 2.9 %

The company has a fifty day simple moving average of $16.01 and a two-hundred day simple moving average of $14.48. The company has a market cap of $1.42 billion, a PE ratio of 28.76 and a beta of 1.16.

A10 Networks (NYSE:ATEN - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.02. A10 Networks had a net margin of 19.29% and a return on equity of 22.69%. The company had revenue of $66.72 million during the quarter, compared to the consensus estimate of $63.78 million. During the same quarter in the previous year, the firm earned $0.12 earnings per share. The firm's quarterly revenue was up 15.5% on a year-over-year basis. On average, research analysts anticipate that A10 Networks, Inc. will post 0.6 EPS for the current fiscal year.

A10 Networks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Monday, November 18th. A10 Networks's dividend payout ratio (DPR) is currently 35.82%.

Insiders Place Their Bets

In related news, EVP Karen S. Thomas sold 6,162 shares of the stock in a transaction 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 completion of the sale, the executive vice president now directly owns 23,799 shares of the company's stock, valued at $397,443.30. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.81% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ATEN. State Street Corp increased its position in A10 Networks by 2.0% during the 3rd 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. Renaissance Technologies LLC grew its stake in shares of A10 Networks by 6.3% during the 2nd quarter. Renaissance Technologies LLC now owns 2,282,633 shares of the communications equipment provider's stock worth $31,614,000 after purchasing an additional 135,800 shares during the period. Deprince Race & Zollo Inc. increased its holdings in shares of A10 Networks by 18.0% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,873,507 shares of the communications equipment provider's stock valued at $25,948,000 after purchasing an additional 286,127 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in A10 Networks by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,818,901 shares of the communications equipment provider's stock worth $25,191,000 after buying an additional 28,150 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of A10 Networks by 43,184.1% during the 2nd quarter. Pacer Advisors Inc. now owns 1,728,336 shares of the communications equipment provider's stock valued at $23,937,000 after acquiring an additional 1,724,343 shares during the period. 98.61% of the stock is currently owned by institutional investors and hedge funds.

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.