A10 Networks, Inc. (NYSE:ATEN) CFO Brian Becker Sells 1,200 Shares

A10 Networks, Inc. (NYSE:ATEN) CFO Brian Becker sold 1,200 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $16.95, for a total value of $20,340.00. Following the transaction, the chief financial officer now owns 32,641 shares in the company, valued at $553,264.95. This represents a 3.55 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

A10 Networks Stock Down 0.3 %

Shares of NYSE ATEN traded down $0.04 during midday trading on Friday, hitting $17.09. The stock had a trading volume of 424,319 shares, compared to its average volume of 718,177. The company has a market capitalization of $1.26 billion, a PE ratio of 25.50 and a beta of 1.11. The stock has a 50 day simple moving average of $15.18 and a 200-day simple moving average of $14.31. A10 Networks, Inc. has a 1 year low of $12.27 and a 1 year high of $17.18.

A10 Networks (NYSE:ATEN) last released its earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%. The business had revenue of $66.72 million for the quarter, compared to the consensus estimate of $63.78 million. During the same quarter last year, the business posted $0.12 earnings per share. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. As a group, analysts expect that A10 Networks, Inc. will post 0.6 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be issued a $0.06 dividend. The ex-dividend date is Monday, November 18th. This represents a $0.24 annualized dividend and a dividend yield of 1.40%. A10 Networks’s dividend payout ratio is presently 35.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. BWS Financial increased their price target on A10 Networks from $17.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. StockNews.com upgraded A10 Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. Finally, Craig Hallum downgraded A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research report on Friday, November 8th.

Institutional Investors Weigh In On A10 Networks

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. increased its holdings in shares of A10 Networks by 3.6% in the third quarter. Franklin Resources Inc. now owns 63,664 shares of the communications equipment provider’s stock valued at $937,000 after purchasing an additional 2,187 shares during the last quarter. Hohimer Wealth Management LLC acquired a new stake in shares of A10 Networks in the third quarter valued at approximately $197,000. Geode Capital Management LLC increased its stake in A10 Networks by 5.7% during the third quarter. Geode Capital Management LLC now owns 1,662,442 shares of the communications equipment provider’s stock worth $24,010,000 after acquiring an additional 89,175 shares during the last quarter. Barclays PLC increased its stake in A10 Networks by 234.1% during the third quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider’s stock worth $2,198,000 after acquiring an additional 106,672 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd increased its stake in A10 Networks by 1.5% during the third quarter. Y Intercept Hong Kong Ltd now owns 54,664 shares of the communications equipment provider’s stock worth $789,000 after acquiring an additional 814 shares during the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.

A10 Networks Company Profile

A10 Networks, Inc provides networking solutions in the Americas, Japan, rest of Asia Pacific, Europe, the Middle East, and Africa. The company offers Thunder Application Delivery Controller that provides advanced server load balancing; Thunder Carrier Grade Networking, which provides standards-compliant address and protocol translation services between varying types of internet protocol addresses; Thunder Secure Sockets Layer (SSL) Insight that decrypts SSL-encrypted traffic and forwards it to a third-party security device for deep packet inspection; and Thunder Convergent Firewall, which addresses multiple critical security capabilities in one package.