A10 Networks (NYSE:ATEN) Hits New 52-Week High – What’s Next?

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

Analyst Upgrades and Downgrades

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

A10 Networks Stock Up 1.1 %

The company’s 50-day moving average is $18.27 and its two-hundred day moving average is $15.55. The company has a market capitalization of $1.43 billion, a P/E ratio of 28.84 and a beta of 1.14.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. A10 Networks had a net margin of 19.29% and a return on equity of 22.69%. The firm had revenue of $66.72 million for the quarter, compared to analyst estimates of $63.78 million. During the same quarter in the prior year, the firm earned $0.12 EPS. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. On average, sell-side analysts predict that A10 Networks, Inc. will post 0.6 EPS for the current year.

A10 Networks Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.24%. The ex-dividend date 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 stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $16.70, for a total transaction of $102,905.40. Following the transaction, the executive vice president now owns 23,799 shares of the company’s stock, valued at approximately $397,443.30. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.81% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ATEN. Canada Pension Plan Investment Board purchased a new stake in A10 Networks during the 2nd quarter valued at about $29,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of A10 Networks by 3,389.8% during the fourth 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 during the period. Copeland Capital Management LLC bought a new position in shares of A10 Networks in the third quarter worth approximately $43,000. GAMMA Investing LLC increased its stake in shares of A10 Networks by 43.5% in the fourth quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock worth $45,000 after buying an additional 744 shares during the period. Finally, Quarry LP bought a new stake in A10 Networks during the 2nd quarter valued at $47,000. 98.61% of the stock is owned by institutional investors.

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.