A10 Networks (NYSE:ATEN) Shares Gap Down - Should You Sell?

A10 Networks, Inc. (NYSE:ATEN - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $20.28, but opened at $18.65. A10 Networks shares last traded at $20.19, with a volume of 88,641 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ATEN shares. StockNews.com upgraded A10 Networks from a "hold" rating to a "buy" rating in a report on Wednesday, October 16th. BWS Financial reissued a "buy" rating and set a $24.00 price objective on shares of A10 Networks in a research note on Wednesday. Finally, Craig Hallum upped their target price on shares of A10 Networks from $16.00 to $18.00 and gave the company a "hold" rating in a research note on Wednesday.

A10 Networks Price Performance

The company's 50-day moving average price is $18.79 and its 200-day moving average price is $15.89. The company has a market cap of $1.51 billion, a P/E ratio of 30.60 and a beta of 1.14.

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 for the quarter, topping 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, equities research analysts predict that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Friday, February 14th. A10 Networks's dividend payout ratio is presently 35.82%.

Insider Buying and Selling at A10 Networks

In other A10 Networks news, EVP Karen S. Thomas sold 6,162 shares of A10 Networks stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $16.70, for a total value of $102,905.40. Following the sale, the executive vice president now directly owns 23,799 shares in the company, valued at approximately $397,443.30. The trade was a 20.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.81% of the company's stock.

Hedge Funds Weigh In On A10 Networks

A number of large investors have recently modified their holdings of ATEN. MassMutual Private Wealth & Trust FSB raised its holdings in 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 acquiring an additional 2,000 shares in the last quarter. Copeland Capital Management LLC bought a new stake in shares of A10 Networks during the 3rd quarter worth approximately $43,000. GAMMA Investing LLC boosted its holdings in shares of A10 Networks by 43.5% in 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 during the last quarter. Quantbot Technologies LP boosted its holdings in shares of A10 Networks by 95.4% in the 3rd quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider's stock valued at $82,000 after buying an additional 2,762 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of A10 Networks by 79.1% in the fourth quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider's stock valued at $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.

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.