A10 Networks, Inc. (NYSE:ATEN) Director Eric Singer Sells 100,000 Shares

A10 Networks, Inc. (NYSE:ATENGet Rating) Director Eric Singer sold 100,000 shares of the business’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of $14.16, for a total value of $1,416,000.00. Following the transaction, the director now owns 305,541 shares of the company’s stock, valued at approximately $4,326,460.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Eric Singer also recently made the following trade(s):

  • On Thursday, May 5th, Eric Singer sold 116,535 shares of A10 Networks stock. The shares were sold at an average price of $15.09, for a total value of $1,758,513.15.

Shares of NYSE ATEN opened at $13.89 on Tuesday. The stock has a market capitalization of $1.05 billion, a P/E ratio of 11.29 and a beta of 0.95. A10 Networks, Inc. has a 1-year low of $8.62 and a 1-year high of $19.05. The business has a fifty day moving average price of $13.90 and a 200 day moving average price of $14.65.

A10 Networks (NYSE:ATENGet Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The communications equipment provider reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. A10 Networks had a return on equity of 20.66% and a net margin of 38.23%. During the same quarter in the previous year, the company posted $0.06 earnings per share. Analysts predict that A10 Networks, Inc. will post 0.46 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Monday, May 16th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Friday, May 13th. A10 Networks’s dividend payout ratio is currently 16.26%.

ATEN has been the subject of several research reports. StockNews.com initiated coverage on A10 Networks in a report on Thursday, March 31st. They issued a “buy” rating for the company. Zacks Investment Research upgraded A10 Networks from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Monday. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $17.67.

A number of large investors have recently made changes to their positions in the stock. Man Group plc increased its position in A10 Networks by 6.7% during the 3rd quarter. Man Group plc now owns 10,888 shares of the communications equipment provider’s stock valued at $147,000 after buying an additional 682 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its position in A10 Networks by 5.5% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 15,814 shares of the communications equipment provider’s stock valued at $262,000 after buying an additional 819 shares in the last quarter. California State Teachers Retirement System increased its position in A10 Networks by 1.3% during the 4th quarter. California State Teachers Retirement System now owns 81,292 shares of the communications equipment provider’s stock valued at $1,348,000 after buying an additional 1,044 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of A10 Networks by 7.0% in the fourth quarter. Lazard Asset Management LLC now owns 16,563 shares of the communications equipment provider’s stock valued at $274,000 after purchasing an additional 1,083 shares during the period. Finally, Metropolitan Life Insurance Co NY increased its holdings in shares of A10 Networks by 8.2% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 14,774 shares of the communications equipment provider’s stock valued at $245,000 after purchasing an additional 1,115 shares during the period. 90.19% of the stock is currently owned by institutional investors.

About A10 Networks (Get Rating)

A10 Networks, Inc provides networking solutions in the Americas, Japan, other Asia Pacific, and EMEA countries. The company offers Thunder Application Delivery Controller (ADC) that provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to boost the delivery and security of applications and microservices; and Thunder Carrier Grade Networking product, which offers standards-compliant address and protocol translation services for service provider networks.

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