Brian Becker Sells 6,400 Shares of A10 Networks, Inc. (NYSE:ATEN) Stock

Key Points

• Brian Becker, CFO of A10 Networks, sold 6,400 shares at an average price of $18.03, resulting in a total transaction of $115,392 and a 7.62% reduction in his holdings.
• A10 Networks reported earnings of $0.21 EPS for the last quarter, exceeding expectations, with revenues increasing 15.5% year-over-year to $69.38 million.
• The company declared a quarterly dividend of $0.06, yielding 1.4%, payable to shareholders of record by September 2nd.

A10 Networks, Inc. (NYSE:ATEN - Get Free Report) CFO Brian Becker sold 6,400 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $18.03, for a total transaction of $115,392.00. Following the completion of the transaction, the chief financial officer directly owned 77,599 shares of the company's stock, valued at $1,399,109.97. This represents a 7.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

A10 Networks Stock Performance

A10 Networks stock traded down $0.80 during midday trading on Thursday, hitting $17.34. 759,788 shares of the company's stock were exchanged, compared to its average volume of 974,426. A10 Networks, Inc. has a 12-month low of $12.72 and a 12-month high of $21.90. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 25.50 and a beta of 1.35. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.04 and a current ratio of 4.23. The firm's 50 day simple moving average is $18.50 and its 200 day simple moving average is $18.15.

A10 Networks (NYSE:ATEN - Get Free Report) last announced its earnings results on Tuesday, August 5th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. The company had revenue of $69.38 million during the quarter, compared to analysts' expectations of $65.99 million. A10 Networks had a net margin of 18.45% and a return on equity of 25.46%. The firm's quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.18 earnings per share. Equities research analysts predict that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid a $0.06 dividend. The ex-dividend date is Friday, August 15th. This represents a $0.24 annualized dividend and a dividend yield of 1.4%. A10 Networks's dividend payout ratio is 35.29%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of A10 Networks by 0.5% during the first quarter. Vanguard Group Inc. now owns 7,394,304 shares of the communications equipment provider's stock worth $120,823,000 after purchasing an additional 34,634 shares during the period. Penserra Capital Management LLC grew its position in A10 Networks by 56.2% in the 2nd quarter. Penserra Capital Management LLC now owns 3,964,989 shares of the communications equipment provider's stock valued at $76,722,000 after buying an additional 1,425,792 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in A10 Networks by 8.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,682,442 shares of the communications equipment provider's stock valued at $43,840,000 after buying an additional 202,453 shares in the last quarter. Boston Trust Walden Corp boosted its position in shares of A10 Networks by 31.4% during the 2nd quarter. Boston Trust Walden Corp now owns 2,162,796 shares of the communications equipment provider's stock valued at $41,850,000 after purchasing an additional 516,872 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of A10 Networks by 12.4% during the 2nd quarter. First Trust Advisors LP now owns 1,949,423 shares of the communications equipment provider's stock valued at $37,721,000 after purchasing an additional 214,778 shares in the last quarter. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of A10 Networks in a research report on Saturday, August 2nd. Raymond James Financial assumed coverage on shares of A10 Networks in a research report on Wednesday, April 23rd. They issued a "market perform" rating on the stock. Mizuho assumed coverage on shares of A10 Networks in a research report on Monday, July 14th. They issued a "neutral" rating on the stock. Wall Street Zen raised shares of A10 Networks from a "hold" rating to a "buy" rating in a research report on Sunday. Finally, BWS Financial reiterated a "buy" rating and set a $24.00 price target on shares of A10 Networks in a research note on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $22.00.

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.

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