Insider Selling: A10 Networks (NYSE:ATEN) General Counsel Sells $392,435.96 in Stock

A10 Networks, Inc. (NYSE:ATEN) General Counsel Robert Scott Weber sold 14,086 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $27.86, for a total transaction of $392,435.96. Following the sale, the general counsel directly owned 50,586 shares of the company’s stock, valued at approximately $1,409,325.96. This trade represents a 21.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

A10 Networks Price Performance

Shares of NYSE ATEN opened at $27.40 on Friday. A10 Networks, Inc. has a fifty-two week low of $16.52 and a fifty-two week high of $38.49. The firm has a market capitalization of $1.99 billion, a P/E ratio of 45.67 and a beta of 1.16. The company’s 50 day simple moving average is $33.22 and its 200 day simple moving average is $27.13.

A10 Networks (NYSE:ATEN) last released its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $80.14 million during the quarter, compared to analyst estimates of $77.28 million. A10 Networks had a net margin of 13.85% and a return on equity of 23.63%. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.21 EPS. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. Sell-side analysts expect that A10 Networks, Inc. will post 0.81 EPS for the current fiscal year.

A10 Networks Dividend Announcement

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

Institutional Trading of A10 Networks

Large investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in A10 Networks by 131.3% during the first quarter. Royal Bank of Canada now owns 213,118 shares of the communications equipment provider’s stock worth $3,482,000 after acquiring an additional 120,966 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of A10 Networks by 6.5% in the first quarter. Goldman Sachs Group Inc. now owns 835,252 shares of the communications equipment provider’s stock worth $13,648,000 after acquiring an additional 51,086 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of A10 Networks by 5.9% in 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 acquiring an additional 11,268 shares in the last quarter. Jane Street Group LLC raised its position in shares of 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 purchasing an additional 94,641 shares during the period. Finally, Intech Investment Management LLC raised its position in shares of A10 Networks by 81.7% during the first quarter. Intech Investment Management LLC now owns 73,995 shares of the communications equipment provider’s stock worth $1,209,000 after purchasing an additional 33,262 shares during the period. Institutional investors own 98.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on ATEN. Sidoti reiterated a “neutral” rating and issued a $24.00 price objective on shares of A10 Networks in a report on Monday, April 20th. BTIG Research restated a “buy” rating and set a $37.00 target price on shares of A10 Networks in a report on Thursday, August 6th. Mizuho boosted their target price on A10 Networks from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Wall Street Zen cut A10 Networks from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, Piper Sandler set a $45.00 price target on shares of A10 Networks in a research report on Tuesday, June 16th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, A10 Networks currently has a consensus rating of “Hold” and a consensus target price of $31.29.

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.