A10 Networks (NYSE:ATEN) CEO Sells $685,013.70 in Stock

by · The Cerbat Gem

A10 Networks, Inc. (NYSE:ATENGet Free Report) CEO Dhrupad Trivedi sold 33,334 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $20.55, for a total value of $685,013.70. Following the transaction, the chief executive officer owned 713,597 shares of the company’s stock, valued at approximately $14,664,418.35. This represents a 4.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $20.69, for a total transaction of $689,659.77.

A10 Networks Trading Up 1.7%

A10 Networks stock traded up $0.35 during mid-day trading on Friday, reaching $20.70. 1,090,054 shares of the company traded hands, compared to its average volume of 790,283. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.56 and a quick ratio of 3.43. A10 Networks, Inc. has a 52-week low of $13.81 and a 52-week high of $21.90. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 35.68 and a beta of 1.23. The firm’s 50 day moving average price is $18.04 and its 200 day moving average price is $17.80.

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

A10 Networks Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ATEN. Wall Street Zen cut A10 Networks from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of A10 Networks in a report on Wednesday, January 21st. Finally, BTIG Research restated a “buy” rating and set a $22.00 target price on shares of A10 Networks in a report on Thursday, February 5th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, A10 Networks currently has an average rating of “Moderate Buy” and an average price target of $22.00.

Get Our Latest Analysis on A10 Networks

Institutional Investors Weigh In On A10 Networks

Several hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp grew its stake in shares of A10 Networks by 271.4% in the third quarter. Jones Financial Companies Lllp now owns 1,560 shares of the communications equipment provider’s stock worth $29,000 after acquiring an additional 1,140 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in A10 Networks by 92.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,255 shares of the communications equipment provider’s stock worth $40,000 after purchasing an additional 1,083 shares in the last quarter. Clearstead Advisors LLC boosted its stake in A10 Networks by 2,829.4% in the 4th quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider’s stock worth $44,000 after purchasing an additional 2,405 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in A10 Networks during the 3rd quarter valued at about $49,000. Finally, CWM LLC increased its stake in A10 Networks by 38.1% during the 3rd quarter. CWM LLC now owns 3,640 shares of the communications equipment provider’s stock valued at $66,000 after purchasing an additional 1,005 shares in the last quarter. 98.61% of the stock is owned by institutional investors.

About A10 Networks

(Get Free Report)

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.

Read More