A10 Networks (NYSE:ATEN) Director Eric Singer Sells 24,698 Shares

A10 Networks, Inc. (NYSE:ATEN) Director Eric Singer sold 24,698 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $27.21, for a total value of $672,032.58. Following the completion of the transaction, the director owned 68,806 shares in the company, valued at $1,872,211.26. The trade was a 26.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

A10 Networks Trading Down 1.4%

ATEN traded down $0.39 during mid-day trading on Wednesday, reaching $26.75. The stock had a trading volume of 851,301 shares, compared to its average volume of 1,130,435. The stock has a market capitalization of $1.92 billion, a P/E ratio of 43.14 and a beta of 1.17. The company has a debt-to-equity ratio of 0.99, a quick ratio of 3.56 and a current ratio of 3.71. The firm’s fifty day simple moving average is $23.45 and its two-hundred day simple moving average is $19.89. A10 Networks, Inc. has a 52 week low of $16.52 and a 52 week high of $28.59.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Tuesday, April 28th. The communications equipment provider reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The firm had revenue of $75.00 million for the quarter, compared to analyst estimates of $72.62 million. A10 Networks had a return on equity of 25.00% and a net margin of 14.90%.The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period last year, the company earned $0.20 EPS. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. On average, equities analysts predict that A10 Networks, Inc. will post 0.83 EPS for the current year.

A10 Networks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, May 15th. A10 Networks’s dividend payout ratio (DPR) is currently 38.71%.

Institutional Investors Weigh In On A10 Networks

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Aptus Capital Advisors LLC raised its holdings in shares of A10 Networks by 38.5% during the third quarter. Aptus Capital Advisors LLC now owns 448,423 shares of the communications equipment provider’s stock worth $8,139,000 after acquiring an additional 124,731 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of A10 Networks by 18.9% during the third quarter. JPMorgan Chase & Co. now owns 380,161 shares of the communications equipment provider’s stock worth $6,900,000 after acquiring an additional 60,372 shares during the period. First Trust Advisors LP raised its holdings in shares of A10 Networks by 4.4% during the third quarter. First Trust Advisors LP now owns 2,034,271 shares of the communications equipment provider’s stock worth $36,922,000 after acquiring an additional 84,848 shares during the period. SG Americas Securities LLC acquired a new stake in A10 Networks in the 3rd quarter valued at $1,112,000. Finally, Summit Global Investments acquired a new stake in A10 Networks in the 3rd quarter valued at $1,247,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ATEN has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of A10 Networks in a research note on Wednesday, January 21st. DNB Markets set a $9.00 price objective on shares of A10 Networks in a research note on Monday, March 9th. Sidoti reaffirmed a “neutral” rating and issued a $24.00 target price on shares of A10 Networks in a research note on Monday, April 20th. Loop Capital set a $25.00 target price on shares of A10 Networks in a report on Monday, March 9th. Finally, Wall Street Zen cut shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $23.86.

About A10 Networks

A10 Networks, Inc (NYSE: ATEN), headquartered in San Jose, California, designs and sells networking and security solutions that accelerate application performance and protect data across on-premises, cloud and hybrid environments. Founded in 2004, the company’s offerings target enterprises, service providers and cloud operators seeking high availability, secure access and optimized traffic delivery for critical applications.

The company’s core portfolio includes application delivery controllers (ADCs) for load balancing and traffic management, advanced distributed denial-of-service (DDoS) protection appliances, SSL inspection solutions and carrier-grade NAT (CGNAT) platforms.