Dhrupad Trivedi Sells 33,334 Shares of A10 Networks (NYSE:ATEN) Stock

A10 Networks, Inc. (NYSE:ATEN) CEO Dhrupad Trivedi sold 33,334 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $20.55, for a total transaction of $685,013.70. Following the sale, the chief executive officer owned 713,597 shares in the company, valued at approximately $14,664,418.35. The trade was a 4.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Dhrupad Trivedi also recently made the following trade(s):

• On Wednesday, February 11th, Dhrupad Trivedi sold 33,333 shares of A10 Networks stock. The stock was sold at an average price of $20.69, for a total transaction of $689,659.77.

A10 Networks Stock Up 1.7%

ATEN stock traded up $0.35 during midday trading on Friday, hitting $20.70. The company’s stock had a trading volume of 1,090,054 shares, compared to its average volume of 790,283. The firm’s 50-day moving average is $18.04 and its 200-day moving average is $17.80. The company has a current ratio of 3.56, a quick ratio of 3.43 and a debt-to-equity ratio of 1.03. A10 Networks, Inc. has a 12 month low of $13.81 and a 12 month high of $21.90. The company has a market cap of $1.48 billion, a PE ratio of 35.68 and a beta of 1.23.

A10 Networks (NYSE:ATEN) last posted its earnings results on Wednesday, February 4th. The communications equipment provider reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. The business had revenue of $80.36 million during the quarter, compared to analyst estimates of $78.09 million. A10 Networks had a return on equity of 24.10% and a net margin of 14.50%.The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.24 EPS. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. On average, equities research analysts forecast that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 16th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, February 13th. This represents a $0.24 annualized dividend and a yield of 1.2%. A10 Networks’s dividend payout ratio is currently 41.38%.

Institutional Trading of A10 Networks

Several large investors have recently added to or reduced their stakes in the business. First Trust Advisors LP increased its holdings in A10 Networks by 21.1% during the fourth quarter. First Trust Advisors LP now owns 2,463,337 shares of the communications equipment provider’s stock valued at $43,576,000 after buying an additional 429,066 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of A10 Networks during the 4th quarter valued at $4,813,000. Charles Schwab Investment Management Inc. grew its position in shares of A10 Networks by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 728,568 shares of the communications equipment provider’s stock valued at $12,888,000 after acquiring an additional 19,356 shares during the period. Boston Partners purchased a new stake in shares of A10 Networks in the 4th quarter worth $14,795,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in A10 Networks in the 4th quarter worth $378,000. 98.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ATEN has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of A10 Networks in a research note on Wednesday, January 21st. BTIG Research reaffirmed a “buy” rating and issued a $22.00 target price on shares of A10 Networks in a research report on Thursday, February 5th. Finally, Wall Street Zen lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

About A10 Networks

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.