A10 Networks, Inc. (NYSE:ATEN) General Counsel Sells 2,500 Shares

A10 Networks, Inc. (NYSE:ATEN - Get Free Report) General Counsel Robert Scott Weber sold 2,500 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $17.26, for a total transaction of $43,150.00. Following the transaction, the general counsel now directly owns 61,007 shares in the company, valued at $1,052,980.82. This trade represents a 3.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

A10 Networks Trading Up 0.6%

NYSE ATEN traded up $0.11 on Friday, reaching $17.27. The company's stock had a trading volume of 803,600 shares, compared to its average volume of 869,485. A10 Networks, Inc. has a 52 week low of $12.27 and a 52 week high of $21.90. The firm has a market cap of $1.24 billion, a PE ratio of 25.78 and a beta of 1.37. The business has a 50-day moving average price of $16.54 and a 200 day moving average price of $18.01.

A10 Networks (NYSE:ATEN - Get Free Report) last issued its earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. The business had revenue of $66.14 million during the quarter, compared to analysts' expectations of $63.63 million. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. A10 Networks's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.17 EPS. Analysts anticipate that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.39%. A10 Networks's payout ratio is presently 35.82%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ATEN shares. Craig Hallum upgraded shares of A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 price objective on the stock in a report on Friday, May 2nd. Raymond James assumed coverage on A10 Networks in a research note on Wednesday, April 23rd. They set a "market perform" rating on the stock. Wall Street Zen cut A10 Networks from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. Weiss Ratings reiterated a "hold (c)" rating on shares of A10 Networks in a research report on Saturday. Finally, BWS Financial restated a "buy" rating and set a $24.00 price objective on shares of A10 Networks in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, A10 Networks presently has an average rating of "Moderate Buy" and an average price target of $22.00.

Institutional Investors Weigh In On A10 Networks

Several large investors have recently made changes to their positions in the company. Vestcor Inc acquired a new position in A10 Networks in the first quarter worth $44,000. Sunbelt Securities Inc. bought a new position in shares of A10 Networks in the fourth quarter valued at about $50,000. Caitong International Asset Management Co. Ltd bought a new position in shares of A10 Networks in the first quarter valued at about $55,000. CWM LLC lifted its position in A10 Networks by 45.6% during the 1st quarter. CWM LLC now owns 4,644 shares of the communications equipment provider's stock worth $76,000 after buying an additional 1,454 shares in the last quarter. Finally, KBC Group NV grew its holdings in A10 Networks by 79.1% during the 4th quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider's stock worth $94,000 after acquiring an additional 2,251 shares during the last quarter. Institutional investors own 98.61% of the company's stock.

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.