A10 Networks (NYSE:ATEN) General Counsel Sells $392,435.96 in Stock

A10 Networks, Inc. (NYSE:ATEN) General Counsel Robert Scott Weber sold 14,086 shares of A10 Networks stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $27.86, for a total transaction of $392,435.96. Following the sale, the general counsel directly owned 50,586 shares in the company, valued at approximately $1,409,325.96. This trade represents a 21.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

A10 Networks Stock Up 1.1%

Shares of A10 Networks stock traded up $0.29 during trading hours on Wednesday, reaching $27.46. 999,031 shares of the company’s stock were exchanged, compared to its average volume of 1,085,068. The business has a fifty day moving average of $33.46 and a two-hundred day moving average of $26.99. The company has a market capitalization of $1.99 billion, a P/E ratio of 45.77 and a beta of 1.16. A10 Networks, Inc. has a 1 year low of $16.52 and a 1 year high of $38.49.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $80.14 million for the quarter, compared to the consensus estimate of $77.28 million. A10 Networks had a net margin of 13.85% and a return on equity of 23.63%. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period last year, the firm posted $0.21 earnings per share. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. As a group, research analysts predict that A10 Networks, Inc. will post 0.84 EPS for the current year.

A10 Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Monday, August 17th. A10 Networks’s dividend payout ratio (DPR) is 40.00%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ATEN. Piper Sandler set a $45.00 price target on A10 Networks in a research report on Tuesday, June 16th. Mizuho lifted their price objective on A10 Networks from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. BWS Financial reissued a “buy” rating and set a $45.00 price objective on shares of A10 Networks in a research note on Thursday, August 6th. Zacks Research lowered A10 Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, BTIG Research restated a “buy” rating and issued a $37.00 target price on shares of A10 Networks in a report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $31.29.

Hedge Funds Weigh In On A10 Networks

Institutional investors and hedge funds have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new stake in shares of A10 Networks during the 4th quarter valued at approximately $26,000. Farther Finance Advisors LLC lifted its holdings in A10 Networks by 92.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,255 shares of the communications equipment provider’s stock valued at $40,000 after acquiring an additional 1,083 shares during the last quarter. Parkside Financial Bank & Trust grew its position in A10 Networks by 4,621.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,408 shares of the communications equipment provider’s stock worth $43,000 after acquiring an additional 2,357 shares during the period. Clearstead Advisors LLC grew its position in A10 Networks by 2,829.4% in the fourth quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider’s stock worth $44,000 after acquiring an additional 2,405 shares during the period. Finally, SBI Securities Co. Ltd. increased its stake in A10 Networks by 83.5% during the second quarter. SBI Securities Co. Ltd. now owns 1,167 shares of the communications equipment provider’s stock worth $44,000 after acquiring an additional 531 shares during the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

A10 Networks Company Profile

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.