A10 Networks, Inc. (NYSE:ATEN) CFO Sells $19,291.25 in Stock

A10 Networks, Inc. (NYSE:ATENGet Free Report) CFO Brian Becker sold 1,375 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $14.03, for a total value of $19,291.25. Following the sale, the chief financial officer now owns 38,710 shares of the company’s stock, valued at $543,101.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

A10 Networks Trading Down 0.9 %

NYSE ATEN traded down $0.12 on Friday, reaching $13.80. 402,072 shares of the company were exchanged, compared to its average volume of 445,665. A10 Networks, Inc. has a fifty-two week low of $10.03 and a fifty-two week high of $16.28. The business’s fifty day moving average price is $13.02 and its 200 day moving average price is $13.44. The stock has a market capitalization of $1.02 billion, a P/E ratio of 26.26 and a beta of 1.12.

A10 Networks (NYSE:ATENGet Free Report) last announced its quarterly earnings results on Tuesday, November 7th. The communications equipment provider reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. A10 Networks had a return on equity of 21.75% and a net margin of 15.48%. The business had revenue of $57.78 million for the quarter, compared to analyst estimates of $57.54 million. Equities research analysts forecast that A10 Networks, Inc. will post 0.6 earnings per share for the current year.

A10 Networks Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Thursday, November 16th. A10 Networks’s dividend payout ratio (DPR) is presently 45.28%.

Hedge Funds Weigh In On A10 Networks

Several hedge funds have recently bought and sold shares of the company. Impax Asset Management Group plc lifted its stake in A10 Networks by 19.2% during the 4th quarter. Impax Asset Management Group plc now owns 775,000 shares of the communications equipment provider’s stock worth $10,207,000 after acquiring an additional 125,000 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in A10 Networks during the 4th quarter worth about $163,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in A10 Networks by 37.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,486,953 shares of the communications equipment provider’s stock worth $32,753,000 after purchasing an additional 676,509 shares during the period. New York State Teachers Retirement System increased its holdings in A10 Networks by 21.8% during the 4th quarter. New York State Teachers Retirement System now owns 37,450 shares of the communications equipment provider’s stock worth $493,000 after purchasing an additional 6,715 shares during the period. Finally, Legato Capital Management LLC increased its holdings in A10 Networks by 17.1% during the 4th quarter. Legato Capital Management LLC now owns 94,085 shares of the communications equipment provider’s stock worth $1,239,000 after purchasing an additional 13,709 shares during the period. Institutional investors and hedge funds own 88.69% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on ATEN. BWS Financial dropped their price target on A10 Networks from $24.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, October 5th. StockNews.com started coverage on A10 Networks in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Finally, Craig Hallum lowered their price objective on A10 Networks from $19.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, October 4th.

Check Out Our Latest Report on A10 Networks

A10 Networks Company Profile

(Get Free Report)

A10 Networks, Inc provides networking solutions in the Americas, Japan, other Asia Pacific, and EMEA countries. The company offers Thunder Application Delivery Controller (ADC) that provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to boost the delivery and security of applications and microservices; and Thunder Carrier Grade Networking product, which offers standards-compliant address and protocol translation services for service provider networks.

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