A10 Networks, Inc. (NYSE:ATEN) CFO Sells $20,340.00 in Stock

A10 Networks, Inc. (NYSE:ATEN) CFO Brian Becker sold 1,200 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $16.95, for a total value of $20,340.00. Following the completion of the transaction, the chief financial officer now owns 32,641 shares of the company’s stock, valued at $553,264.95. The trade was a 3.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

A10 Networks Stock Down 0.5 %

Shares of ATEN stock opened at $17.05 on Monday. The company has a market capitalization of $1.26 billion, a P/E ratio of 25.45 and a beta of 1.11. A10 Networks, Inc. has a 12-month low of $12.27 and a 12-month high of $17.18. The firm has a 50-day moving average price of $15.18 and a 200 day moving average price of $14.29.

A10 Networks (NYSE:ATEN) last announced its earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 EPS 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 business had revenue of $66.72 million for the quarter, compared to the consensus estimate of $63.78 million. During the same period in the previous year, the business earned $0.12 EPS. A10 Networks’s revenue was up 15.5% compared to the same quarter last year. As a group, research analysts expect that A10 Networks, Inc. will post 0.6 earnings per share for the current year.

A10 Networks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Monday, November 18th. A10 Networks’s dividend payout ratio is currently 35.82%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ATEN. Canada Pension Plan Investment Board acquired a new stake in shares of A10 Networks in the 2nd quarter valued at $29,000. Copeland Capital Management LLC acquired a new stake in A10 Networks in the third quarter worth about $43,000. Quarry LP bought a new stake in A10 Networks during the 2nd quarter worth about $47,000. Quantbot Technologies LP raised its stake in shares of A10 Networks by 95.4% during the third quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock worth $82,000 after buying an additional 2,762 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in A10 Networks in the second quarter valued at approximately $105,000. Institutional investors own 98.61% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ATEN. Craig Hallum cut shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a research note on Friday, November 8th. StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Finally, BWS Financial boosted their price target on A10 Networks from $17.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th.

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.