A10 Networks, Inc. (NYSE:ATEN) EVP Sells $102,905.40 in Stock

A10 Networks, Inc. (NYSE:ATEN) EVP Karen S. Thomas sold 6,162 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $16.70, for a total transaction of $102,905.40. Following the sale, the executive vice president now directly owns 23,799 shares of the company’s stock, valued at $397,443.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

A10 Networks Price Performance

ATEN traded down $0.16 on Wednesday, reaching $16.53. 862,471 shares of the company traded hands, compared to its average volume of 719,914. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 24.63 and a beta of 1.11. The stock’s 50 day moving average price is $14.36 and its 200-day moving average price is $14.15. A10 Networks, Inc. has a 52-week low of $11.83 and a 52-week high of $16.92.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings results 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. The business had revenue of $66.72 million during the quarter, compared to analyst estimates of $63.78 million. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%. The firm’s revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.12 EPS. As a group, equities research analysts forecast that A10 Networks, Inc. will post 0.65 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be issued a dividend of $0.06 per share. The ex-dividend date is Monday, November 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.45%. A10 Networks’s dividend payout ratio is currently 35.82%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ATEN shares. Craig Hallum downgraded shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price target for the company. in a research report on Friday, November 8th. BWS Financial raised their target price on A10 Networks from $17.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th.

Institutional Investors Weigh In On A10 Networks

Large investors have recently bought and sold shares of the business. Mackenzie Financial Corp lifted its position in shares of A10 Networks by 15.6% in the second quarter. Mackenzie Financial Corp now owns 46,062 shares of the communications equipment provider’s stock worth $638,000 after buying an additional 6,217 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of A10 Networks in the second quarter valued at approximately $1,201,000. Point72 DIFC Ltd acquired a new position in A10 Networks during the 2nd quarter worth $516,000. Russell Investments Group Ltd. lifted its position in shares of A10 Networks by 4.4% during the 1st quarter. Russell Investments Group Ltd. now owns 585,827 shares of the communications equipment provider’s stock worth $8,020,000 after purchasing an additional 24,672 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of A10 Networks by 7.4% during the first quarter. ProShare Advisors LLC now owns 14,226 shares of the communications equipment provider’s stock worth $195,000 after buying an additional 984 shares during the last quarter. 98.61% of the stock is currently owned by institutional investors.

A10 Networks Company Profile

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.