Insider Selling: A10 Networks, Inc. (NYSE:ATEN) CFO Sells 6,400 Shares of 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 A10 Networks stock in a transaction 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 sale, the chief financial officer owned 77,599 shares in the company, valued at approximately $1,399,109.97. This trade represents a 7.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

A10 Networks Stock Up 0.0%

Shares of A10 Networks stock traded up $0.00 during trading on Tuesday, hitting $17.20. 35,716 shares of the stock traded hands, compared to its average volume of 963,200. The firm has a market cap of $1.24 billion, a P/E ratio of 25.29 and a beta of 1.35. The company has a current ratio of 4.23, a quick ratio of 4.04 and a debt-to-equity ratio of 1.07. A10 Networks, Inc. has a 52-week low of $12.72 and a 52-week high of $21.90. The stock's fifty day simple moving average is $18.44 and its 200 day simple moving average is $18.09.

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

A10 Networks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be given 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 (DPR) is 35.29%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Craig Hallum raised shares of A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 target price on the stock in a research report on Friday, May 2nd. BTIG Research raised A10 Networks from a "neutral" rating to a "buy" rating and set a $22.00 price target on the stock in a report on Wednesday, August 6th. Weiss Ratings reiterated a "hold (c+)" rating on shares of A10 Networks in a research note on Saturday. Wall Street Zen upgraded A10 Networks from a "hold" rating to a "buy" rating in a research report on Sunday, August 10th. Finally, Raymond James Financial began coverage on shares of A10 Networks in a research note on Wednesday, April 23rd. They set a "market perform" rating on the stock. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, A10 Networks presently has a consensus rating of "Moderate Buy" and an average price target of $22.00.

Institutional Trading of A10 Networks

Several institutional investors have recently modified their holdings of ATEN. Vestcor Inc acquired a new position in A10 Networks during the first quarter worth $44,000. Sunbelt Securities Inc. purchased a new stake in shares of A10 Networks during the fourth quarter worth $50,000. Caitong International Asset Management Co. Ltd acquired a new stake in A10 Networks in the first quarter valued at approximately $55,000. CWM LLC boosted its position in shares of 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 acquiring an additional 1,454 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of A10 Networks by 120.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,898 shares of the communications equipment provider's stock valued at $114,000 after buying an additional 3,225 shares during the last quarter. Institutional investors and hedge funds 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.