A10 Networks, Inc. (NYSE:ATEN) EVP Karen S. Thomas Sells 6,162 Shares of Stock

A10 Networks, Inc. (NYSE:ATEN) EVP Karen S. Thomas sold 6,162 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $16.70, for a total value of $102,905.40. Following the completion of the sale, the executive vice president now owns 23,799 shares of the company’s stock, valued at approximately $397,443.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

A10 Networks Stock Performance

A10 Networks stock opened at $16.53 on Thursday. A10 Networks, Inc. has a 52 week low of $11.83 and a 52 week high of $16.92. The stock has a market capitalization of $1.22 billion, a P/E ratio of 24.63 and a beta of 1.11. The stock has a fifty day moving average of $14.36 and a 200-day moving average of $14.15.

A10 Networks (NYSE:ATEN) last posted its earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The firm had revenue of $66.72 million during the quarter, compared to analysts’ expectations of $63.78 million. A10 Networks had a net margin of 19.29% and a return on equity of 22.69%. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.12 earnings per share. On average, research analysts forecast that A10 Networks, Inc. will post 0.65 earnings per share for the current year.

A10 Networks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be given a $0.06 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.24 dividend on an annualized basis and a yield of 1.45%. A10 Networks’s dividend payout ratio is currently 35.82%.

Analyst Ratings Changes

ATEN has been the subject of a number of recent analyst reports. Craig Hallum downgraded A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a research report on Friday, November 8th. StockNews.com raised shares of A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Finally, BWS Financial upped their price target on shares of A10 Networks from $17.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Canada Pension Plan Investment Board bought a new position in shares of A10 Networks during the second quarter valued at $29,000. Copeland Capital Management LLC acquired a new stake in A10 Networks in the third quarter valued at $43,000. Quarry LP bought a new position in A10 Networks during the 2nd quarter worth $47,000. Quantbot Technologies LP lifted its holdings in A10 Networks by 95.4% during the 3rd quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock worth $82,000 after buying an additional 2,762 shares during the period. Finally, nVerses Capital LLC bought a new stake in shares of A10 Networks in the 2nd quarter valued at about $105,000. 98.61% of the stock is currently owned by institutional investors.

About A10 Networks

A10 Networks, Inc provides networking solutions in the Americas, Japan, rest of Asia Pacific, Europe, the Middle East, and Africa. The company offers Thunder Application Delivery Controller that provides advanced server load balancing; Thunder Carrier Grade Networking, which provides standards-compliant address and protocol translation services between varying types of internet protocol addresses; Thunder Secure Sockets Layer (SSL) Insight that decrypts SSL-encrypted traffic and forwards it to a third-party security device for deep packet inspection; and Thunder Convergent Firewall, which addresses multiple critical security capabilities in one package.