A10 Networks, Inc. (NYSE:ATEN - Get Free Report) shares hit a new 52-week high on Monday . The stock traded as high as $19.22 and last traded at $19.16, with a volume of 90110 shares changing hands. The stock had previously closed at $18.67.
Several research firms recently issued reports on ATEN. StockNews.com raised A10 Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, October 16th. Craig Hallum cut shares of A10 Networks from a "buy" rating to a "hold" rating and set a $16.00 price target on the stock. in a research report on Friday, November 8th. Finally, BWS Financial boosted their price objective on shares of A10 Networks from $17.00 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th.
Read Our Latest Research Report on ATEN
The stock has a market capitalization of $1.42 billion, a PE ratio of 27.87 and a beta of 1.16. The stock's 50 day moving average price is $16.01 and its 200-day moving average price is $14.48.
A10 Networks (NYSE:ATEN - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%. The business had revenue of $66.72 million during the quarter, compared to analyst estimates of $63.78 million. During the same period last year, the company earned $0.12 EPS. The company's revenue for the quarter was up 15.5% on a year-over-year basis. On average, analysts forecast that A10 Networks, Inc. will post 0.6 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were issued a $0.06 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.24 annualized dividend and a dividend yield of 1.25%. A10 Networks's payout ratio is 35.82%.
In other A10 Networks news, EVP Karen S. Thomas sold 6,162 shares of A10 Networks stock in a transaction 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 transaction, the executive vice president now directly owns 23,799 shares of the company's stock, valued at approximately $397,443.30. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.81% of the company's stock.
A number of institutional investors have recently bought and sold shares of the stock. Canada Pension Plan Investment Board purchased a new position in shares of A10 Networks in the second quarter worth about $29,000. Copeland Capital Management LLC purchased a new position in shares of A10 Networks during the third quarter worth $43,000. Quarry LP purchased a new position in shares of A10 Networks during the 2nd quarter valued at about $47,000. Quantbot Technologies LP lifted its stake in shares of A10 Networks by 95.4% in the 3rd quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider's stock valued at $82,000 after purchasing an additional 2,762 shares during the period. Finally, nVerses Capital LLC purchased a new position in A10 Networks during the second quarter worth approximately $105,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.
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.
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