A10 Networks, Inc. (NYSE:ATEN) Sees Significant Drop in Short Interest

A10 Networks, Inc. (NYSE:ATEN) was the target of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 5,261,133 shares, a decrease of 13.4% from the February 12th total of 6,071,723 shares. Currently, 7.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 789,028 shares, the short-interest ratio is presently 6.7 days. Based on an average daily trading volume, of 789,028 shares, the short-interest ratio is presently 6.7 days. Currently, 7.4% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Several research firms recently commented on ATEN. Mizuho increased their price target on A10 Networks from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, February 20th. DNB Markets set a $9.00 price objective on shares of A10 Networks in a research report on Monday, March 9th. Loop Capital set a $25.00 price target on shares of A10 Networks in a research note on Monday, March 9th. BTIG Research reiterated a “buy” rating and issued a $22.00 price objective on shares of A10 Networks in a research report on Friday, February 20th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of A10 Networks in a research report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, A10 Networks currently has a consensus rating of “Moderate Buy” and an average price target of $21.29.

A10 Networks Stock Up 2.1%

A10 Networks stock traded up $0.44 during mid-day trading on Tuesday, reaching $21.19. 358,377 shares of the company’s stock were exchanged, compared to its average volume of 801,788. The company has a fifty day moving average of $19.01 and a 200-day moving average of $18.18. The company has a market cap of $1.52 billion, a P/E ratio of 36.52 and a beta of 1.22. The company has a quick ratio of 3.43, a current ratio of 3.56 and a debt-to-equity ratio of 1.03. A10 Networks has a twelve month low of $13.81 and a twelve month high of $21.39.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Wednesday, February 4th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. A10 Networks had a return on equity of 24.10% and a net margin of 14.50%.The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the company posted $0.24 EPS. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. Sell-side analysts expect that A10 Networks will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 16th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, February 13th. A10 Networks’s payout ratio is currently 41.38%.

Insider Buying and Selling at A10 Networks

In related news, CEO Dhrupad Trivedi sold 33,334 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $20.55, for a total transaction of $685,013.70. Following the transaction, the chief executive officer directly owned 713,597 shares in the company, valued at approximately $14,664,418.35. The trade was a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.21% of the company’s stock.

Institutional Investors Weigh In On A10 Networks

A number of institutional investors and hedge funds have recently bought and sold shares of ATEN. Hsbc Holdings PLC boosted its position in shares of A10 Networks by 84.3% in the 4th quarter. Hsbc Holdings PLC now owns 153,816 shares of the communications equipment provider’s stock valued at $2,724,000 after purchasing an additional 70,357 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of A10 Networks by 46.4% in the fourth quarter. Pacer Advisors Inc. now owns 13,592 shares of the communications equipment provider’s stock valued at $240,000 after acquiring an additional 4,305 shares during the period. Invesco Ltd. grew its position in shares of A10 Networks by 12.8% during the fourth quarter. Invesco Ltd. now owns 836,178 shares of the communications equipment provider’s stock worth $14,792,000 after acquiring an additional 95,148 shares during the last quarter. XTX Topco Ltd purchased a new stake in A10 Networks in the 4th quarter valued at $769,000. Finally, Tudor Investment Corp ET AL boosted its stake in A10 Networks by 16.0% during the 4th quarter. Tudor Investment Corp ET AL now owns 370,444 shares of the communications equipment provider’s stock worth $6,553,000 after purchasing an additional 51,022 shares during the period. 98.61% of the stock is owned by hedge funds and other institutional investors.

A10 Networks Company Profile

A10 Networks, Inc (NYSE: ATEN), headquartered in San Jose, California, designs and sells networking and security solutions that accelerate application performance and protect data across on-premises, cloud and hybrid environments. Founded in 2004, the company’s offerings target enterprises, service providers and cloud operators seeking high availability, secure access and optimized traffic delivery for critical applications.

The company’s core portfolio includes application delivery controllers (ADCs) for load balancing and traffic management, advanced distributed denial-of-service (DDoS) protection appliances, SSL inspection solutions and carrier-grade NAT (CGNAT) platforms.