Eric Singer sells 116,535 shares of A10 Networks, Inc. (NYSE: ATEN)
A10 Networks, Inc. (NYSE:ATEN – Get Rating) CEO Eric Singer sold 116,535 shares of A10 Networks in a trade that took place on Thursday, May 5. The shares were sold at an average price of $15.09, for a total transaction of $1,758,513.15. Following completion of the transaction, the administrator now directly owns 135,139 shares of the company, valued at approximately $2,039,247.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC’s website.
Eric Singer also recently made the following trade(s):
- 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.
ATEN shares opened at $13.89 on Tuesday. A10 Networks, Inc. has a 1-year minimum of $8.62 and a 1-year maximum of $19.05. The company’s fifty-day simple moving average is $13.90 and its 200-day simple moving average is $14.65. The company has a market capitalization of $1.05 billion, a P/E ratio of 11.29 and a beta of 0.95.
A10 Networks (NYSE:ATEN – Get Rating) last released its quarterly results on Tuesday, May 3. The communications equipment provider reported earnings per share of $0.13 for the quarter, beating analysts’ consensus estimate of $0.11 by $0.02. A10 Networks achieved a net margin of 38.23% and a return on equity of 20.66%. In the same quarter of the previous year, the company achieved EPS of $0.06. As a group, stock analysts expect A10 Networks, Inc. to post EPS of 0.46 for the current fiscal year.
The company also recently declared 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 per share. The ex-dividend date is Friday, May 13. This represents a dividend of $0.20 on an annualized basis and a yield of 1.44%. A10 Networks’ dividend payout ratio is currently 16.26%.
A number of institutional investors and hedge funds have recently bought and sold shares of the company. The Swiss National Bank increased its stake in A10 Networks by 7.3% during the first quarter. The Swiss National Bank now owns 137,500 shares of the communications equipment supplier worth $1,918,000 after buying another 9,300 shares last quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income increased its stake in A10 Networks shares by 35.6% in the 1st quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income now owns 1,004,840 shares of the communications equipment supplier valued at $14,018,000 after purchasing an additional 263,732 shares last quarter. Qube Research & Technologies Ltd increased its stake in A10 Networks shares by 120.3% in Q1. Qube Research & Technologies Ltd now owns 93,953 shares of the communications equipment supplier valued at $1,311,000 after buying an additional 51,302 shares last quarter. Los Angeles Capital Management LLC increased its equity stake in A10 Networks by 2.1% in Q1. Los Angeles Capital Management LLC now owns 213,405 shares of the communications equipment provider valued at $2,977,000 after buying an additional 4,357 shares last quarter. Finally, Victory Capital Management Inc. increased its equity stake in A10 Networks by 54.7% in the 1st quarter. Victory Capital Management Inc. now owns 73,285 shares of the communications equipment provider valued at $1,047,000 after buying an additional 25,910 shares in the last quarter. Hedge funds and other institutional investors hold 90.19% of the company’s shares.
ATEN has been the subject of a number of recent analyst reports. Zacks Investment Research moved shares of A10 Networks from a “hold” rating to a “buy” rating and set a price target of $17.00 on the stock in a research report on Monday. StockNews.com took over coverage of A10 Networks stocks in a Thursday, March 31 research report. They set a “buy” rating on the stock. Four investment analysts rated the stock with a buy rating. According to MarketBeat.com, the stock currently has a consensus buy rating and a consensus target price of $17.67.
About A10 Networks (Get a rating)
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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