A10 Networks (NYSE:ATEN) Shares Gap Up - What's Next?

Shares of A10 Networks, Inc. (NYSE:ATEN - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $16.86, but opened at $17.76. A10 Networks shares last traded at $17.58, with a volume of 476,318 shares.

Analyst Ratings Changes

A number of equities research analysts have commented on ATEN shares. Craig Hallum raised their price target on A10 Networks from $16.00 to $18.00 and gave the company a "hold" rating in a report on Wednesday, February 5th. StockNews.com raised A10 Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Finally, BWS Financial reissued a "buy" rating and issued a $24.00 price target on shares of A10 Networks in a report on Wednesday, February 5th.

A10 Networks Trading Down 0.7 %

The firm's 50 day simple moving average is $19.61 and its 200 day simple moving average is $17.20. The firm has a market cap of $1.28 billion, a PE ratio of 25.83 and a beta of 1.17.

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

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A10 Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Friday, February 14th. A10 Networks's dividend payout ratio is presently 35.82%.

Institutional Trading of A10 Networks

A number of large investors have recently made changes to their positions in ATEN. Marshall Wace LLP lifted its holdings in shares of A10 Networks by 364.8% in the 4th quarter. Marshall Wace LLP now owns 683,711 shares of the communications equipment provider's stock valued at $12,580,000 after acquiring an additional 536,600 shares during the last quarter. Barclays PLC lifted its stake in shares of A10 Networks by 350.4% in the 4th quarter. Barclays PLC now owns 685,720 shares of the communications equipment provider's stock valued at $12,618,000 after purchasing an additional 533,482 shares during the last quarter. Norges Bank bought a new stake in shares of A10 Networks in the 4th quarter valued at approximately $7,202,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in A10 Networks by 11.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,479,989 shares of the communications equipment provider's stock valued at $45,632,000 after purchasing an additional 249,145 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new position in shares of A10 Networks in the fourth quarter valued at about $4,236,000. 98.61% of the stock is currently owned by institutional investors.

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.