Eric Singer Sells 116,535 Shares of A10 Networks, Inc. (NYSE:ATEN) Stock

A10 Networks, Inc. (NYSE:ATENGet Rating) Director Eric Singer sold 116,535 shares of A10 Networks stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $15.09, for a total transaction of $1,758,513.15. Following the completion of the transaction, the director now directly owns 135,139 shares in the company, valued at approximately $2,039,247.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Monday, May 9th, Eric Singer sold 100,000 shares of A10 Networks stock. The shares were sold at an average price of $14.16, for a total transaction of $1,416,000.00.

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

A10 Networks (NYSE:ATENGet Rating) last posted its quarterly earnings results 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 net margin of 38.23% and a return on equity of 20.66%. During the same quarter in the prior year, the company earned $0.06 EPS. As a group, equities analysts anticipate that A10 Networks, Inc. will post 0.46 EPS for the current fiscal year.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Swiss National Bank boosted its stake in A10 Networks by 7.3% during the first quarter. Swiss National Bank now owns 137,500 shares of the communications equipment provider’s stock worth $1,918,000 after buying an additional 9,300 shares in the last quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income boosted its stake in shares of A10 Networks by 35.6% in the 1st quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income now owns 1,004,840 shares of the communications equipment provider’s stock valued at $14,018,000 after purchasing an additional 263,732 shares in the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of A10 Networks by 120.3% in the 1st quarter. Qube Research & Technologies Ltd now owns 93,953 shares of the communications equipment provider’s stock valued at $1,311,000 after purchasing an additional 51,302 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of A10 Networks by 2.1% in the 1st quarter. Los Angeles Capital Management LLC now owns 213,405 shares of the communications equipment provider’s stock valued at $2,977,000 after purchasing an additional 4,357 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of A10 Networks by 54.7% in the 1st quarter. Victory Capital Management Inc. now owns 73,285 shares of the communications equipment provider’s stock valued at $1,047,000 after purchasing an additional 25,910 shares in the last quarter. Hedge funds and other institutional investors own 90.19% of the company’s stock.

ATEN has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of A10 Networks from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Monday. StockNews.com assumed coverage on shares of A10 Networks in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $17.67.

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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