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

A10 Networks, Inc. (NYSE:ATEN) shares reached a new 52-week high on Tuesday . The stock traded as high as $16.93 and last traded at $16.89, with a volume of 350131 shares traded. The stock had previously closed at $16.49.

Analyst Upgrades and Downgrades

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

A10 Networks Price Performance

The firm has a market capitalization of $1.25 billion, a P/E ratio of 24.60 and a beta of 1.11. The stock’s 50 day moving average is $14.93 and its two-hundred day moving average is $14.25.

A10 Networks (NYSE:ATEN) last posted its earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. The company had revenue of $66.72 million for the quarter, compared to the consensus estimate of $63.78 million. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.12 earnings per share. As a group, equities research analysts expect that A10 Networks, Inc. will post 0.6 EPS for the current year.

A10 Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be paid a dividend of $0.06 per share. The ex-dividend date is Monday, November 18th. This represents a $0.24 dividend on an annualized basis and a yield of 1.42%. A10 Networks’s payout ratio is 35.82%.

Insider Buying and Selling

In related news, EVP Karen S. Thomas sold 6,162 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $16.70, for a total value of $102,905.40. Following the completion of the transaction, the executive vice president now owns 23,799 shares of the company’s stock, valued at $397,443.30. This represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.82% of the stock is currently owned by company insiders.

Institutional Trading of A10 Networks

A number of large investors have recently bought and sold shares of the company. Canada Pension Plan Investment Board bought a new stake in shares of A10 Networks during the 2nd quarter valued at about $29,000. Copeland Capital Management LLC purchased a new stake in shares of A10 Networks during the 3rd quarter valued at $43,000. Quarry LP bought a new stake in shares of A10 Networks during the 2nd quarter worth $47,000. Quantbot Technologies LP grew its position in A10 Networks by 95.4% in the third 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. Finally, nVerses Capital LLC bought a new position in A10 Networks in the second quarter valued at $105,000. 98.61% of the stock is owned by hedge funds and other institutional investors.

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.