A10 Networks, Inc. (NYSE:ATEN) EVP Karen S. Thomas Sells 6,162 Shares

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

A10 Networks Stock Down 0.9 %

Shares of A10 Networks stock opened at $16.53 on Thursday. The company has a market cap of $1.22 billion, a PE ratio of 24.63 and a beta of 1.11. A10 Networks, Inc. has a 52 week low of $11.83 and a 52 week high of $16.92. The business has a 50 day moving average price of $14.36 and a 200-day moving average price of $14.15.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. The firm had revenue of $66.72 million during the quarter, compared to analyst estimates of $63.78 million. A10 Networks had a net margin of 19.29% and a return on equity of 22.69%. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter last year, the business posted $0.12 EPS. As a group, research analysts anticipate that A10 Networks, Inc. will post 0.65 EPS for the current year.

A10 Networks Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of A10 Networks by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 7,103,358 shares of the communications equipment provider’s stock valued at $97,245,000 after buying an additional 35,010 shares during the last quarter. Renaissance Technologies LLC boosted its position in 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 during the period. Deprince Race & Zollo Inc. boosted its position in A10 Networks by 18.0% during the second quarter. Deprince Race & Zollo Inc. now owns 1,873,507 shares of the communications equipment provider’s stock worth $25,948,000 after purchasing an additional 286,127 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of A10 Networks by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,818,901 shares of the communications equipment provider’s stock worth $25,191,000 after purchasing an additional 28,150 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of A10 Networks by 43,184.1% in the second quarter. Pacer Advisors Inc. now owns 1,728,336 shares of the communications equipment provider’s stock valued at $23,937,000 after purchasing an additional 1,724,343 shares during the period. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

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.