Eric Singer sells 14,940 shares of A10 Networks, Inc. (NYSE: ATEN)
A10 Networks, Inc. (NYSE: ATEN – Get a rating) Director Eric Singer sold 14,940 shares of the company in a trade on Thursday, August 4. The stock was sold at an average price of $15.20, for a total transaction of $227,088.00. Following the sale, the director now owns 46,566 shares of the company, valued at $707,803.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC website.
Eric Singer also recently made the following trade(s):
- On Tuesday, June 7, Eric Singer sold 21,949 shares of A10 Networks. The stock was sold at an average price of $15.85, for a total transaction of $347,891.65.
- On Tuesday, May 24, Eric Singer sold 80,000 shares of A10 Networks. The stock was sold at an average price of $14.75, for a total transaction of $1,180,000.00.
- 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.
A10 networks are trading down 0.5%
Stock A10 Networks opened at $15.42 on Friday. The company has a market capitalization of $1.17 billion, a P/E ratio of 12.05 and a beta of 0.92. A10 Networks, Inc. has a 1-year minimum of $12.27 and a 1-year maximum of $19.05. The company has a fifty-day simple moving average of $14.51 and a 200-day simple moving average of $14.20.
A10 networks (NYSE: ATEN – Get a rating) last reported results on Tuesday, August 2. The communications equipment provider reported earnings per share of $0.17 for the quarter, beating consensus analyst estimates of $0.15 by $0.02. A10 Networks achieved a net margin of 38.39% and a return on equity of 19.92%. In the same period of the previous year, the company had earned earnings per share of $0.10. On average, equity research analysts expect A10 Networks, Inc. to post EPS of 0.4 for the current year.
A10 Networks Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1. Investors of record on Monday, August 15 will receive a dividend of $0.05. This represents a dividend of $0.20 on an annualized basis and a yield of 1.30%. The ex-dividend date is Friday, August 12. A10 Networks’ dividend payout ratio (DPR) is currently 15.63%.
Institutional entries and exits
Hedge funds have recently increased or reduced their stakes in the company. First Horizon Advisors Inc. bought a new position in A10 Networks stock in Q1 worth approximately $28,000. Nisa Investment Advisors LLC bought a new position in A10 Networks stock in Q2 worth approximately $38,000. Ensign Peak Advisors Inc bought a new position in A10 Networks stock in Q1 worth around $41,000. Great West Life Assurance Co. Can increased its position in A10 Networks shares by 97.4% in Q1. Great West Life Assurance Co. Can now owns 2,984 shares of the communications equipment supplier valued at $44,000 after acquiring an additional 1,472 shares during the period. Finally, Captrust Financial Advisors bought a new position in A10 Networks stock in Q1 worth around $47,000. Institutional investors hold 90.19% of the company’s shares.
About A10 Networks
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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