Insider Selling: A10 Networks, Inc. (NYSE:ATEN) CFO Sells 1,200 Shares of Stock

A10 Networks, Inc. (NYSE:ATEN) CFO Brian Becker sold 1,200 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $16.95, for a total value of $20,340.00. Following the transaction, the chief financial officer now directly owns 32,641 shares in the company, valued at $553,264.95. This represents a 3.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

A10 Networks Trading Down 0.3 %

Shares of ATEN stock traded down $0.04 during mid-day trading on Friday, reaching $17.09. The stock had a trading volume of 424,319 shares, compared to its average volume of 718,177. The business’s fifty day moving average is $15.18 and its 200-day moving average is $14.31. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 25.50 and a beta of 1.11. A10 Networks, Inc. has a 1-year low of $12.27 and a 1-year high of $17.18.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The business had revenue of $66.72 million for 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 company’s revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.12 earnings per share. On average, analysts forecast that A10 Networks, Inc. will post 0.6 earnings per share for the current year.

A10 Networks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be paid a $0.06 dividend. The ex-dividend date is Monday, November 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.40%. A10 Networks’s payout ratio is 35.82%.

Institutional Trading of A10 Networks

A number of hedge funds have recently modified their holdings of the stock. Franklin Resources Inc. boosted its stake in shares of A10 Networks by 3.6% in the third quarter. Franklin Resources Inc. now owns 63,664 shares of the communications equipment provider’s stock worth $937,000 after buying an additional 2,187 shares during the last quarter. Hohimer Wealth Management LLC purchased a new stake in shares of A10 Networks in the third quarter worth about $197,000. Geode Capital Management LLC boosted its stake in shares of A10 Networks by 5.7% in the third quarter. Geode Capital Management LLC now owns 1,662,442 shares of the communications equipment provider’s stock worth $24,010,000 after buying an additional 89,175 shares during the last quarter. Barclays PLC boosted its stake in shares of A10 Networks by 234.1% in the third quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider’s stock worth $2,198,000 after buying an additional 106,672 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its stake in shares of A10 Networks by 1.5% in the third quarter. Y Intercept Hong Kong Ltd now owns 54,664 shares of the communications equipment provider’s stock worth $789,000 after buying an additional 814 shares during the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ATEN shares. StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. Craig Hallum lowered A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research report on Friday, November 8th. Finally, BWS Financial upped their target price on A10 Networks from $17.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th.

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.