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

A10 Networks, Inc. (NYSE:ATEN) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 2,450,000 shares, a decline of 12.8% from the August 15th total of 2,810,000 shares. Based on an average trading volume of 886,200 shares, the days-to-cover ratio is currently 2.8 days. Currently, 3.4% of the shares of the company are sold short.

Institutional Investors Weigh In On A10 Networks

Hedge funds have recently made changes to their positions in the business. Canada Pension Plan Investment Board acquired a new stake in A10 Networks in the 2nd quarter valued at approximately $29,000. Quarry LP acquired a new position in shares of A10 Networks during the second quarter valued at $47,000. nVerses Capital LLC bought a new stake in shares of A10 Networks during the second quarter valued at about $105,000. Meeder Asset Management Inc. acquired a new stake in A10 Networks in the second quarter worth about $137,000. Finally, Picton Mahoney Asset Management bought a new position in A10 Networks in the 2nd quarter valued at about $148,000. Institutional investors own 98.61% of the company’s stock.

A10 Networks Stock Up 0.5 %

Shares of NYSE:ATEN traded up $0.07 during trading on Wednesday, hitting $13.81. 542,620 shares of the company traded hands, compared to its average volume of 759,156. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 22.64 and a beta of 1.11. A10 Networks has a one year low of $10.03 and a one year high of $16.46. The business’s fifty day moving average is $13.40 and its 200-day moving average is $13.85.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data on Tuesday, July 30th. The communications equipment provider reported $0.18 EPS 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 firm had revenue of $60.10 million during the quarter, compared to the consensus estimate of $64.30 million. During the same period in the prior year, the business earned $0.14 EPS. The firm’s revenue was down 8.7% on a year-over-year basis. On average, analysts forecast that A10 Networks will post 0.65 EPS for the current year.

A10 Networks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were paid a $0.06 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.24 annualized dividend and a dividend yield of 1.74%. A10 Networks’s payout ratio is currently 39.34%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. BWS Financial reaffirmed a “buy” rating and issued a $17.00 price objective on shares of A10 Networks in a report on Tuesday, July 9th. StockNews.com downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Monday, July 1st.

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.