Dhrupad Trivedi Sells 28,957 Shares of A10 Networks, Inc. (NYSE:ATEN) Stock

A10 Networks, Inc. (NYSE:ATENGet Free Report) CEO Dhrupad Trivedi sold 28,957 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $13.21, for a total transaction of $382,521.97. Following the completion of the sale, the chief executive officer now directly owns 565,099 shares of the company’s stock, valued at approximately $7,464,957.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Dhrupad Trivedi also recently made the following trade(s):

  • On Monday, February 5th, Dhrupad Trivedi sold 8,679 shares of A10 Networks stock. The stock was sold at an average price of $13.06, for a total transaction of $113,347.74.
  • On Monday, January 29th, Dhrupad Trivedi sold 21,498 shares of A10 Networks stock. The shares were sold at an average price of $13.58, for a total transaction of $291,942.84.
  • On Wednesday, January 24th, Dhrupad Trivedi sold 8,809 shares of A10 Networks stock. The shares were sold at an average price of $14.03, for a total transaction of $123,590.27.
  • On Wednesday, December 6th, Dhrupad Trivedi sold 15,729 shares of A10 Networks stock. The shares were sold at an average price of $12.71, for a total transaction of $199,915.59.

A10 Networks Price Performance

Shares of ATEN opened at $13.05 on Wednesday. The firm has a market capitalization of $967.50 million, a PE ratio of 24.62 and a beta of 1.12. The company’s 50-day moving average is $13.20 and its 200-day moving average is $13.38. A10 Networks, Inc. has a fifty-two week low of $10.03 and a fifty-two week high of $16.16.

A10 Networks (NYSE:ATENGet Free Report) last issued its quarterly earnings data on Tuesday, November 7th. The communications equipment provider reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. A10 Networks had a net margin of 15.48% and a return on equity of 21.75%. The business had revenue of $57.78 million during the quarter, compared to analysts’ expectations of $57.54 million. Analysts predict that A10 Networks, Inc. will post 0.6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On A10 Networks

Large investors have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. bought a new stake in A10 Networks during the second quarter worth about $482,000. Guggenheim Capital LLC boosted its position in shares of A10 Networks by 31.9% during the 2nd quarter. Guggenheim Capital LLC now owns 45,029 shares of the communications equipment provider’s stock worth $657,000 after acquiring an additional 10,892 shares in the last quarter. State of Alaska Department of Revenue increased its stake in A10 Networks by 2.4% in the third quarter. State of Alaska Department of Revenue now owns 43,373 shares of the communications equipment provider’s stock valued at $651,000 after acquiring an additional 1,031 shares during the last quarter. Citigroup Inc. lifted its stake in A10 Networks by 17.4% during the second quarter. Citigroup Inc. now owns 142,285 shares of the communications equipment provider’s stock worth $2,076,000 after purchasing an additional 21,105 shares during the last quarter. Finally, Strs Ohio acquired a new stake in shares of A10 Networks in the 2nd quarter valued at $157,000. Institutional investors and hedge funds own 88.69% of the company’s stock.

About A10 Networks

(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.

Read More

Insider Buying and Selling by Quarter for A10 Networks (NYSE:ATEN)

Receive News & Ratings for A10 Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A10 Networks and related companies with MarketBeat.com's FREE daily email newsletter.