A10 Networks, Inc. (NYSE:ATEN) Executive Eric Singer Sells 80,000 Shares


A10 Networks, Inc. (NYSE:ATEN – Get Rating) chief Eric Singer sold 80,000 shares of the company in a trade dated Tuesday, May 24. The shares were sold at an average price of $14.75, for a total transaction of $1,180,000.00. Following the completion of the sale, the director now owns 33,076 shares of the company, valued at approximately $487,871. The transaction was disclosed in a legal filing with the SEC, accessible via this link.

Eric Singer also recently made the following trade(s):

  • On Wednesday, May 18, Eric Singer sold 135,691 shares of A10 Networks. The shares were sold at an average price of $14.78, for a total transaction of $2,005,512.98.
  • On Monday, May 9, Eric Singer sold 100,000 shares of A10 Networks. The shares were sold at an average price of $14.16, for a total transaction of $1,416,000.00.
  • On Thursday, May 5, Eric Singer sold 116,535 shares of A10 Networks. The shares were sold at an average price of $15.09, for a total transaction of $1,758,513.15.

NYSE: ATEN traded $0.74 Thursday during trading hours, hitting $15.49. 665,365 shares of the company were traded, with an average volume of 1,105,417. The stock has a market capitalization of $1.17 billion, a price-earnings ratio of 12.59 and a beta of 0.95. . A10 Networks, Inc. has a 52 week low of $9.61 and a 52 week high of $19.05. The company’s 50-day moving average price is $14.24 and its 200-day moving average price is $14.60.

A10 Networks (NYSE:ATEN – Get Rating) last reported results on Tuesday, May 3. The communications equipment provider reported earnings per share of $0.13 for the quarter, beating the consensus estimate of $0.11 by $0.02. A10 Networks achieved a net margin of 38.23% and a return on equity of 20.46%. In the same quarter a year earlier, the company posted EPS of $0.06. As a group, equity research analysts expect A10 Networks, Inc. to post EPS of 0.46 for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 1. Shareholders of record on Monday, May 16 will receive a dividend of $0.05. This represents an annualized dividend of $0.20 and a dividend yield of 1.29%. The ex-dividend date is Friday, May 13. A10 Networks’ dividend payout ratio (DPR) is currently 16.26%.

Hedge funds have recently increased or reduced their stakes in the company. Massachusetts Financial Services Co. MA bought a new stake in A10 Networks stock in Q4 worth $543,000. Robeco Institutional Asset Management BV acquired a new equity stake in A10 Networks in Q4, valued at USD 300,000. GSA Capital Partners LLP purchased a new stake in shares of A10 Networks in Q3 valued at $569,000. Daiwa Securities Group Inc. bought a new stake in A10 Networks stock in Q4 worth $101,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in the shares of A10 Networks by 25.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 694,668 shares of the communications equipment provider valued at $11,518,000 after purchasing an additional 140,821 shares during the period. 90.19% of the shares are currently held by institutional investors and hedge funds.

Several equity research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of A10 Networks from a “hold” rating to a “buy” rating and set a price target of $17.00 for the company in a Monday, May 9 report. StockNews.com launched coverage on A10 Networks shares in a research report on Thursday, March 31. They issued a “buy” rating on the stock. Four equity research analysts rated the stock with a buy rating. According to MarketBeat.com, A10 Networks currently has an average rating of “Buy” and an average target price of $17.67.

A10 Networks Company Profile (Get an evaluation)

A10 Networks, Inc provides networking solutions in the Americas, Japan, other countries in Asia Pacific and EMEA. The company offers Thunder Application Delivery Controller (ADC) which provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to strengthen the delivery and security of applications and microservices; and the Thunder Carrier Grade Networking product, which provides standards-compliant address and protocol translation services for service provider networks.

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