A10 Networks (NYSE:ATEN) Hits New 12-Month High – What’s Next?

Shares of A10 Networks, Inc. (NYSE:ATEN) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $19.63 and last traded at $19.53, with a volume of 177925 shares. The stock had previously closed at $19.11.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ATEN shares. BWS Financial boosted their target price on A10 Networks from $17.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Craig Hallum downgraded shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a report on Friday, November 8th. Finally, StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th.

A10 Networks Stock Performance

The stock has a 50 day moving average of $18.32 and a 200-day moving average of $15.58. The company has a market cap of $1.45 billion, a PE ratio of 29.28 and a beta of 1.14.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02. The firm had revenue of $66.72 million during the quarter, compared to analysts’ expectations of $63.78 million. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period last year, the business posted $0.12 earnings per share. Equities research analysts forecast that A10 Networks, Inc. will post 0.6 EPS for the current year.

A10 Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Monday, November 18th. A10 Networks’s dividend payout ratio (DPR) is currently 35.82%.

Insider Transactions at A10 Networks

In related news, EVP Karen S. Thomas sold 6,162 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $16.70, for a total transaction of $102,905.40. Following the sale, the executive vice president now directly owns 23,799 shares of the company’s stock, valued at $397,443.30. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.81% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB increased its holdings in shares of A10 Networks by 3,389.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider’s stock valued at $38,000 after purchasing an additional 2,000 shares in the last quarter. Copeland Capital Management LLC acquired a new stake in A10 Networks during the third quarter valued at $43,000. GAMMA Investing LLC increased its holdings in A10 Networks by 43.5% in the fourth 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 in the last quarter. Quarry LP acquired a new position in shares of A10 Networks in the second quarter worth about $47,000. Finally, Quantbot Technologies LP boosted its stake in shares of A10 Networks by 95.4% during the 3rd quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock worth $82,000 after acquiring an additional 2,762 shares in the last quarter. 98.61% of the stock is owned by institutional investors and hedge funds.

About A10 Networks

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.