A10 Networks, Inc. (NYSE:ATEN) Short Interest Update

A10 Networks, Inc. (NYSE:ATEN - Get Free Report) saw a significant drop in short interest in September. As of September 30th, there was short interest totalling 1,550,000 shares, a drop of 38.0% from the September 15th total of 2,500,000 shares. Currently, 2.2% of the company's stock are short sold. Based on an average daily trading volume, of 653,700 shares, the short-interest ratio is presently 2.4 days.

A10 Networks Stock Performance

Shares of NYSE:ATEN traded up $0.13 during midday trading on Friday, hitting $14.91. The company's stock had a trading volume of 266,470 shares, compared to its average volume of 748,174. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 24.44 and a beta of 1.11. The stock's 50 day simple moving average is $13.56 and its 200 day simple moving average is $13.90. A10 Networks has a fifty-two week low of $10.55 and a fifty-two week high of $16.46.

A10 Networks (NYSE:ATEN - Get Free Report) last released its earnings results on Tuesday, July 30th. The communications equipment provider reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.01. A10 Networks had a return on equity of 21.29% and a net margin of 17.51%. The business had revenue of $60.10 million for the quarter, compared to the consensus estimate of $64.30 million. During the same period last year, the business earned $0.14 earnings per share. The firm's revenue for the quarter was down 8.7% compared to the same quarter last year. As a group, analysts anticipate that A10 Networks will post 0.65 EPS for the current year.

A10 Networks Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Thursday, August 15th. A10 Networks's dividend payout ratio (DPR) is presently 39.34%.

Institutional Investors Weigh In On A10 Networks

A number of institutional investors have recently added to or reduced their stakes in ATEN. Canada Pension Plan Investment Board acquired a new stake in A10 Networks during the second quarter valued at approximately $29,000. Quarry LP acquired a new stake in A10 Networks during the second quarter valued at approximately $47,000. nVerses Capital LLC acquired a new stake in A10 Networks during the second quarter valued at approximately $105,000. Meeder Asset Management Inc. acquired a new stake in A10 Networks during the second quarter valued at approximately $137,000. Finally, Picton Mahoney Asset Management acquired a new stake in A10 Networks during the second quarter valued at approximately $148,000. 98.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. BWS Financial reaffirmed a "buy" rating and issued a $17.00 price target on shares of A10 Networks in a research report on Tuesday, July 9th. StockNews.com raised A10 Networks from a "hold" rating to a "buy" rating in a research report on Friday, October 4th.

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.