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 stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $16.70, for a total value of $102,905.40. Following the completion of the transaction, the executive vice president now owns 23,799 shares of the company’s stock, valued at $397,443.30. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

A10 Networks Trading Up 0.2 %

NYSE ATEN opened at $16.55 on Friday. The business’s 50-day moving average price is $14.42 and its 200 day moving average price is $14.17. A10 Networks, Inc. has a twelve month low of $11.83 and a twelve month high of $16.92. The company has a market capitalization of $1.22 billion, a PE ratio of 24.70 and a beta of 1.11.

A10 Networks (NYSE:ATEN) last released its earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%. The firm had revenue of $66.72 million for the quarter, compared to the consensus estimate of $63.78 million. During the same period in the prior year, the business posted $0.12 earnings per share. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. Equities analysts predict that A10 Networks, Inc. will post 0.65 EPS for the current year.

A10 Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be issued 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 1.45%. A10 Networks’s dividend payout ratio (DPR) is 35.82%.

Hedge Funds Weigh In On A10 Networks

A number of large investors have recently modified their holdings of ATEN. Canada Pension Plan Investment Board purchased a new stake in shares of A10 Networks during the 2nd quarter valued at about $29,000. Copeland Capital Management LLC purchased a new stake in shares of A10 Networks during the 3rd quarter valued at about $43,000. Quarry LP purchased a new stake in shares of A10 Networks during the 2nd quarter valued at about $47,000. Quantbot Technologies LP raised its holdings in shares of A10 Networks by 95.4% during the 3rd quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock valued at $82,000 after buying an additional 2,762 shares during the period. Finally, nVerses Capital LLC acquired a new stake in A10 Networks during the 2nd quarter valued at approximately $105,000. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ATEN has been the topic of several research reports. 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 report on Friday, November 8th. StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th. Finally, BWS Financial increased their price objective on A10 Networks from $17.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday.

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.