A10 Networks, Inc. (NYSE:ATEN) Short Interest Up 34.0% in February

A10 Networks, Inc. (NYSE:ATEN) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 1,970,000 shares, a growth of 34.0% from the February 13th total of 1,470,000 shares. Approximately 2.8% of the company’s stock are sold short. Based on an average trading volume of 787,200 shares, the short-interest ratio is presently 2.5 days.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th. Craig Hallum increased their target price on shares of A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a report on Wednesday, February 5th. Finally, BWS Financial reiterated a “buy” rating and issued a $24.00 target price on shares of A10 Networks in a report on Wednesday, February 5th.

Hedge Funds Weigh In On A10 Networks

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mackenzie Financial Corp boosted its position in A10 Networks by 58.6% during the fourth quarter. Mackenzie Financial Corp now owns 155,274 shares of the communications equipment provider’s stock worth $2,857,000 after purchasing an additional 57,354 shares during the period. Sunbelt Securities Inc. bought a new position in A10 Networks during the fourth quarter worth about $50,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in A10 Networks by 5.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 191,390 shares of the communications equipment provider’s stock worth $3,522,000 after purchasing an additional 10,005 shares during the period. iSAM Funds UK Ltd bought a new position in A10 Networks during the fourth quarter worth about $206,000. Finally, Squarepoint Ops LLC lifted its holdings in shares of A10 Networks by 363.8% in the fourth quarter. Squarepoint Ops LLC now owns 119,877 shares of the communications equipment provider’s stock worth $2,206,000 after buying an additional 94,032 shares in the last quarter. Institutional investors own 98.61% of the company’s stock.

A10 Networks Stock Down 2.3 %

ATEN traded down $0.41 during trading on Tuesday, hitting $17.34. 360,356 shares of the company traded hands, compared to its average volume of 718,860. The firm has a market cap of $1.28 billion, a P/E ratio of 25.74 and a beta of 1.17. The stock’s fifty day moving average is $19.68 and its 200 day moving average is $17.17. A10 Networks has a one year low of $12.27 and a one year high of $21.90.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share 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 forecast that A10 Networks will post 0.69 EPS for the current fiscal year.

A10 Networks Dividend Announcement

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

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.