Eric Singer sells 21,949 shares of A10 Networks, Inc. (NYSE: ATEN)
A10 Networks, Inc. (NYSE:ATEN – Get Rating) chief Eric Singer sold 21,949 shares of the company in a trade on Tuesday, June 7. The shares were sold at an average price of $15.85, for a total transaction of $347,891.65. Following the sale, the director now owns 51,190 shares of the company, valued at $811,361.50. The transaction was disclosed in a filing with the SEC, accessible via this hyperlink.
Eric Singer also recently made the following trade(s):
- 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 stock was 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 stock was 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 stock was sold at an average price of $15.09, for a total transaction of $1,758,513.15.
Shares of A10 Networks traded down $0.70 during Thursday’s trading, hitting $15.06. The company’s stock had a trading volume of 749,001 shares, compared to its average volume of 1,068,045. The company has a fifty-day simple moving average of $14.54 and a two-hundred-day simple moving average of $14.56. The company has a market capitalization of $1.14 billion, a PE ratio of 12.29 and a beta of 0.94. A10 Networks, Inc. has a 52 week minimum of $10.18 and a 52 week maximum of $19.05.
A10 Networks (NYSE:ATEN – Get Rating) last released its quarterly results on Tuesday, May 3. The communications equipment provider reported earnings per share (EPS) 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%. During the same period last year, the company posted earnings per share of $0.06. As a group, equity research analysts expect A10 Networks, Inc. to post 0.46 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 1. Investors of record on Monday, May 16 received a dividend of $0.05. The ex-dividend date was Friday, May 13. This represents an annualized dividend of $0.20 and a dividend yield of 1.33%. A10 Networks payout ratio is 16.26%.
Several research analysts commented on ATEN’s actions. 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 began covering A10 Networks shares in a report on Thursday, March 31. They issued a “buy” rating for the company. Four research analysts rated the stock with a buy rating. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $17.67.
Hedge funds have recently changed their positions in the stock. First Horizon Advisors Inc. purchased a new stake in A10 Networks during Q1 valued at approximately $28,000. Copeland Capital Management LLC acquired a new stake in A10 Networks during Q4, valued at approximately $38,000. Ensign Peak Advisors Inc purchased a new stake in A10 Networks during Q1 valued at approximately $41,000. Great West Life Assurance Co. Can increased its position in A10 Networks by 97.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 2,984 shares of the communications equipment provider valued at $44,000 after buying an additional 1,472 shares in the last quarter. Finally, Itau Unibanco Holding SA acquired a new stake in A10 Networks during the 4th quarter valued at approximately $55,000. 90.19% of the shares are currently held by institutional investors.
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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