A10 Networks, Inc. (NYSE:ATEN) Short Interest Update

A10 Networks, Inc. (NYSE:ATEN) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 1,350,000 shares, a decline of 12.9% from the September 30th total of 1,550,000 shares. Based on an average daily volume of 623,000 shares, the short-interest ratio is currently 2.2 days. Approximately 1.9% of the company’s stock are sold short.

A10 Networks Stock Performance

Shares of A10 Networks stock traded up $0.12 during mid-day trading on Tuesday, hitting $14.68. 226,869 shares of the stock were exchanged, compared to its average volume of 720,565. The company has a market capitalization of $1.09 billion, a P/E ratio of 23.87 and a beta of 1.11. The company has a 50-day simple moving average of $13.96 and a 200 day simple moving average of $13.99. A10 Networks has a 12 month low of $10.55 and a 12 month high of $16.46.

A10 Networks (NYSE:ATEN) last posted its earnings results on Tuesday, July 30th. The communications equipment provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. The firm had revenue of $60.10 million during the quarter, compared to analysts’ expectations of $64.30 million. A10 Networks had a net margin of 17.51% and a return on equity of 21.29%. The company’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same period last year, the company posted $0.14 EPS. Analysts predict that A10 Networks will post 0.65 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. BWS Financial reissued a “buy” rating and set a $17.00 target price on shares of A10 Networks in a research report on Tuesday, July 9th. StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th.

Hedge Funds Weigh In On A10 Networks

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of A10 Networks by 0.5% during the first quarter. Vanguard Group Inc. now owns 7,103,358 shares of the communications equipment provider’s stock worth $97,245,000 after purchasing an additional 35,010 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of A10 Networks by 6.3% during the second quarter. Renaissance Technologies LLC now owns 2,282,633 shares of the communications equipment provider’s stock worth $31,614,000 after purchasing an additional 135,800 shares in the last quarter. Deprince Race & Zollo Inc. raised its holdings in A10 Networks by 18.0% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,873,507 shares of the communications equipment provider’s stock valued at $25,948,000 after acquiring an additional 286,127 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of A10 Networks by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,818,901 shares of the communications equipment provider’s stock valued at $25,191,000 after acquiring an additional 28,150 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in A10 Networks by 43,184.1% during the second quarter. Pacer Advisors Inc. now owns 1,728,336 shares of the communications equipment provider’s stock worth $23,937,000 after acquiring an additional 1,724,343 shares during the last quarter. Institutional investors own 98.61% of the company’s stock.

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.