A10 Networks (NYSE:ATEN) General Counsel Robert Scott Weber Sells 14,086 Shares

A10 Networks, Inc. (NYSE:ATEN) General Counsel Robert Scott Weber sold 14,086 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $27.86, for a total transaction of $392,435.96. Following the transaction, the general counsel owned 50,586 shares in the company, valued at $1,409,325.96. This represents a 21.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

A10 Networks Price Performance

Shares of A10 Networks stock opened at $27.46 on Thursday. The business has a 50-day simple moving average of $33.38 and a 200 day simple moving average of $27.06. A10 Networks, Inc. has a one year low of $16.52 and a one year high of $38.49. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 45.77 and a beta of 1.16.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $80.14 million during the quarter, compared to analysts’ expectations of $77.28 million. A10 Networks had a return on equity of 23.63% and a net margin of 13.85%.The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 earnings per share. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. On average, sell-side analysts expect that A10 Networks, Inc. will post 0.84 EPS for the current year.

A10 Networks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a $0.06 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.24 annualized dividend and a yield of 0.9%. A10 Networks’s dividend payout ratio (DPR) is presently 40.00%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ATEN. Weiss Ratings raised shares of A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. BTIG Research restated a “buy” rating and issued a $37.00 target price on shares of A10 Networks in a report on Thursday, August 6th. Piper Sandler set a $45.00 price target on A10 Networks in a research note on Tuesday, June 16th. Wall Street Zen cut A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Mizuho increased their price target on A10 Networks from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, A10 Networks presently has an average rating of “Hold” and an average target price of $31.29.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its stake in shares of A10 Networks by 131.3% during the 1st quarter. Royal Bank of Canada now owns 213,118 shares of the communications equipment provider’s stock worth $3,482,000 after purchasing an additional 120,966 shares during the period. Goldman Sachs Group Inc. grew its position in A10 Networks by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 835,252 shares of the communications equipment provider’s stock valued at $13,648,000 after buying an additional 51,086 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in A10 Networks by 5.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 202,658 shares of the communications equipment provider’s stock worth $3,311,000 after buying an additional 11,268 shares during the last quarter. Jane Street Group LLC increased its holdings in A10 Networks by 120.0% during the first quarter. Jane Street Group LLC now owns 173,493 shares of the communications equipment provider’s stock worth $2,835,000 after buying an additional 94,641 shares during the last quarter. Finally, Intech Investment Management LLC raised its position in A10 Networks by 81.7% in the first quarter. Intech Investment Management LLC now owns 73,995 shares of the communications equipment provider’s stock worth $1,209,000 after acquiring an additional 33,262 shares during the period. Institutional investors own 98.61% of the company’s stock.

A10 Networks Company Profile

A10 Networks, Inc (NYSE: ATEN), headquartered in San Jose, California, designs and sells networking and security solutions that accelerate application performance and protect data across on-premises, cloud and hybrid environments. Founded in 2004, the company’s offerings target enterprises, service providers and cloud operators seeking high availability, secure access and optimized traffic delivery for critical applications.

The company’s core portfolio includes application delivery controllers (ADCs) for load balancing and traffic management, advanced distributed denial-of-service (DDoS) protection appliances, SSL inspection solutions and carrier-grade NAT (CGNAT) platforms.