Eric Singer sells 80,000 shares of A10 Networks, Inc. (NYSE: ATEN)

A10 Networks, Inc. (NYSE: ATEN – Get a rating) Director Eric Singer sold 80,000 shares of the company in a trade on 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 transaction, the director now directly owns 33,076 shares of the company, valued at $487,871. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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.

Shares of ATEN rose $0.74 during Thursday trading hours, hitting $15.49. 665,365 shares were traded, against an average volume of 1,105,417. A10 Networks, Inc. has a 12-month low of $9.61 and a 12-month 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. The company has a market capitalization of $1.17 billion, a price-earnings ratio of 12.59 and a beta of 0.95.

(A d)

This guide will help you identify and execute an options trading strategy that fits your specific needs and risk profile.

Take your trading to the next level with the Options Strategy Guide.

A10 Networks (NYSE: ATEN – Get a rating) last released its quarterly results on Tuesday, May 3. The communications equipment provider reported EPS of $0.13 for the quarter, beating analyst consensus estimates 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 earnings per share of $0.06. Equity research analysts expect A10 Networks, Inc. to post earnings per share of 0.46 for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 1. Investors 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 dividend yield of 1.29%. A10 Networks’ dividend payout ratio is currently 16.26%.

Several hedge funds have recently increased or reduced their holdings in ATEN. First Trust Advisors LP increased its stake in shares of A10 Networks by 62.3% during the 4th quarter. First Trust Advisors LP now owns 3,707,414 shares of the communications equipment provider worth $61,469,000 after buying an additional 1,423,153 shares during the period. Millennium Management LLC increased its stake in A10 Networks by 328.6% during the 4th quarter. Millennium Management LLC now owns 1,751,334 shares of the communications equipment provider valued at $29,037,000 after purchasing an additional 1,342,704 shares last quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income increased its stake in A10 Networks by 386.1% in the 4th quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income now owns 741,108 shares of the communications equipment supplier valued at $12,288,000 after purchasing an additional 588,658 shares last quarter. Allspring Global Investments Holdings LLC purchased a new stake in A10 Networks during Q4, valued at approximately $8,660,000. Finally, Goldman Sachs Group Inc. increased its stake in A10 Networks by 196.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 681,027 shares of the communications equipment supplier valued at $11,291,000 after buying an additional 450,950 shares last quarter. 90.19% of the shares are held by hedge funds and other institutional investors.

A number of brokerages have commented on ATEN. StockNews.com began covering A10 Networks shares in a research note on Thursday, March 31. They issued a “buy” rating for the company. Zacks Investment Research moved shares of A10 Networks from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a Monday, May 9 research note. Four investment analysts rated the stock with a buy rating. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $17.67.

A10 Networks Company Profile (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.

Featured articles

Insider Buying and Selling by Quarter for A10 Networks (NYSE:ATEN)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in A10 Networks right now?

Before you consider A10 Networks, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and A10 Networks didn’t make the list.

While A10 Networks currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Comments are closed.