Robert Scott Weber Sells 1,509 Shares of A10 Networks, Inc. (NYSE:ATEN) Stock

A10 Networks, Inc. (NYSE:ATENGet Free Report) General Counsel Robert Scott Weber sold 1,509 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $13.21, for a total value of $19,933.89. Following the transaction, the general counsel now owns 28,755 shares of the company’s stock, valued at $379,853.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

A10 Networks Stock Down 0.5 %

Shares of ATEN stock opened at $12.97 on Thursday. The business has a 50-day moving average price of $13.22 and a two-hundred day moving average price of $13.37. A10 Networks, Inc. has a 12-month low of $10.03 and a 12-month high of $16.16. The firm has a market cap of $961.60 million, a P/E ratio of 24.45 and a beta of 1.12.

A10 Networks (NYSE:ATENGet Free Report) last issued its quarterly earnings results on Tuesday, November 7th. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $57.78 million during the quarter, compared to analyst estimates of $57.54 million. As a group, research analysts expect that A10 Networks, Inc. will post 0.6 EPS for the current fiscal year.

Institutional Investors Weigh In On A10 Networks

Several hedge funds have recently added to or reduced their stakes in ATEN. BlackRock Inc. lifted its stake in shares of A10 Networks by 4.1% in the 2nd quarter. BlackRock Inc. now owns 12,334,273 shares of the communications equipment provider’s stock valued at $179,957,000 after acquiring an additional 485,884 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of A10 Networks by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 6,965,847 shares of the communications equipment provider’s stock valued at $104,697,000 after acquiring an additional 185,362 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of A10 Networks by 14.9% in the 2nd quarter. Alliancebernstein L.P. now owns 2,772,896 shares of the communications equipment provider’s stock valued at $40,457,000 after acquiring an additional 359,016 shares during the last quarter. State Street Corp lifted its stake in shares of A10 Networks by 8.5% in the 2nd quarter. State Street Corp now owns 2,564,703 shares of the communications equipment provider’s stock valued at $37,419,000 after acquiring an additional 201,475 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of A10 Networks by 0.7% in the 2nd quarter. Renaissance Technologies LLC now owns 2,504,425 shares of the communications equipment provider’s stock valued at $36,540,000 after acquiring an additional 16,992 shares during the last quarter. Institutional investors own 88.69% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, BWS Financial boosted their target price on A10 Networks from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday.

View Our Latest Stock Analysis on A10 Networks

About A10 Networks

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

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