A10 Networks (NYSE:ATEN) Hits New 12-Month High – Still a Buy?

A10 Networks, Inc. (NYSE:ATEN)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $21.98 and last traded at $21.62, with a volume of 2039 shares trading hands. The stock had previously closed at $21.64.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Craig Hallum upped their price target 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. BWS Financial reiterated a “buy” rating and set a $24.00 target price on shares of A10 Networks in a report on Wednesday, February 5th. Finally, StockNews.com cut A10 Networks from a “buy” rating to a “hold” rating in a report on Monday, February 10th.

A10 Networks Stock Up 0.2 %

The business’s fifty day moving average price is $19.19 and its 200 day moving average price is $16.22. The firm has a market capitalization of $1.60 billion, a PE ratio of 32.35 and a beta of 1.14.

A10 Networks (NYSE:ATEN) last released its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 EPS for the quarter, topping 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%. As a group, sell-side analysts forecast that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, February 14th. This represents a $0.24 annualized dividend and a yield of 1.11%. A10 Networks’s dividend payout ratio (DPR) is presently 35.82%.

Institutional Trading of A10 Networks

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. acquired a new stake in shares of A10 Networks in the fourth quarter worth approximately $50,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of A10 Networks by 5.5% in the 4th 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 valued at $3,522,000 after purchasing an additional 10,005 shares during the last quarter. iSAM Funds UK Ltd purchased a new stake in shares of A10 Networks during the 4th quarter valued at $206,000. Squarepoint Ops LLC raised its position in shares of A10 Networks by 363.8% in the 4th 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 during the period. Finally, Two Sigma Advisers LP boosted its holdings in A10 Networks by 11.9% in the fourth quarter. Two Sigma Advisers LP now owns 205,300 shares of the communications equipment provider’s stock valued at $3,778,000 after acquiring an additional 21,800 shares during the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.

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.