A10 Networks Inc (NYSE:ATEN) Short Interest Update

A10 Networks Inc (NYSE:ATEN) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totalling 1,340,300 shares, an increase of 17.0% from the June 30th total of 1,145,900 shares. Based on an average daily volume of 493,900 shares, the short-interest ratio is presently 2.7 days. Currently, 2.5% of the company’s stock are short sold.

A number of equities research analysts recently weighed in on the stock. ValuEngine cut shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Zacks Investment Research raised shares of A10 Networks from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a research report on Wednesday, August 7th.

ATEN traded down $0.05 on Thursday, reaching $7.01. The company had a trading volume of 6,155 shares, compared to its average volume of 705,749. A10 Networks has a 1 year low of $5.51 and a 1 year high of $8.29. The company has a market cap of $546.60 million, a PE ratio of -31.80 and a beta of 0.70. The stock’s 50-day simple moving average is $7.20.



A10 Networks (NYSE:ATEN) last announced its quarterly earnings results on Tuesday, July 30th. The communications equipment provider reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). A10 Networks had a negative net margin of 9.67% and a negative return on equity of 16.48%. The company had revenue of $49.20 million during the quarter, compared to analysts’ expectations of $53.06 million. A10 Networks’s revenue was down 18.9% compared to the same quarter last year. As a group, analysts forecast that A10 Networks will post -0.22 earnings per share for the current year.

In related news, CFO Thomas Constantino sold 15,492 shares of the business’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $6.98, for a total transaction of $108,134.16. Following the completion of the transaction, the chief financial officer now owns 210,816 shares in the company, valued at $1,471,495.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 28.87% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. raised its holdings in shares of A10 Networks by 69.8% in the first quarter. Meeder Asset Management Inc. now owns 4,260 shares of the communications equipment provider’s stock valued at $31,000 after buying an additional 1,751 shares during the last quarter. Quantamental Technologies LLC raised its holdings in shares of A10 Networks by 2,000.0% in the second quarter. Quantamental Technologies LLC now owns 4,935 shares of the communications equipment provider’s stock valued at $34,000 after buying an additional 4,700 shares during the last quarter. Aperio Group LLC purchased a new stake in shares of A10 Networks in the second quarter valued at about $46,000. MERIAN GLOBAL INVESTORS UK Ltd raised its holdings in shares of A10 Networks by 102.9% in the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 8,444 shares of the communications equipment provider’s stock valued at $59,000 after buying an additional 4,282 shares during the last quarter. Finally, American Century Companies Inc. purchased a new stake in shares of A10 Networks in the fourth quarter valued at about $73,000. 65.06% of the stock is owned by hedge funds and other institutional investors.

About A10 Networks

A10 Networks, Inc provides software and hardware solutions in the United States, Japan, other Asia Pacific and EMEA countries, and internationally. The company offers Thunder application delivery controller (ADC) that provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to boost the delivery and security of applications and micro services; and Thunder carrier grade network address translation product, which offers network address and protocol translation services for service provider networks.

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