A10 Networks, Inc. (NYSE:ATEN – Get Rating) Director Eric Singer sold 80,000 shares of the firm’s stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $14.75, for a total transaction of $1,180,000.00. Following the transaction, the director now directly owns 33,076 shares of the company’s stock, valued at $487,871. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Eric Singer also recently made the following trade(s):
- On Wednesday, May 18th, Eric Singer sold 135,691 shares of A10 Networks stock. The shares were sold at an average price of $14.78, for a total transaction of $2,005,512.98.
- 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.
- 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 transaction of $1,758,513.15.
Shares of ATEN stock traded up $0.74 during trading hours on Thursday, reaching $15.49. 665,365 shares of the stock were exchanged, compared to its average volume of 1,105,417. A10 Networks, Inc. has a 12-month low of $9.61 and a 12-month high of $19.05. The company’s 50-day moving average price is $14.24 and its 200-day moving average price is $14.60. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 12.59 and a beta of 0.95.
A10 Networks (NYSE:ATEN – Get Rating) last released its quarterly earnings results on Tuesday, May 3rd. The communications equipment provider reported $0.13 EPS 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 20.46%. During the same quarter in the previous year, the firm posted $0.06 earnings per share. Equities research analysts anticipate that A10 Networks, Inc. will post 0.46 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Investors 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 dividend yield of 1.29%. A10 Networks’s dividend payout ratio is presently 16.26%.
Several hedge funds have recently added to or reduced their stakes in ATEN. First Trust Advisors LP boosted its stake in shares of A10 Networks by 62.3% during the 4th quarter. First Trust Advisors LP now owns 3,707,414 shares of the communications equipment provider’s stock worth $61,469,000 after purchasing an additional 1,423,153 shares during the period. Millennium Management LLC lifted its holdings in A10 Networks by 328.6% during the 4th quarter. Millennium Management LLC now owns 1,751,334 shares of the communications equipment provider’s stock valued at $29,037,000 after buying an additional 1,342,704 shares in the last quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income lifted its holdings in A10 Networks by 386.1% during the 4th quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income now owns 741,108 shares of the communications equipment provider’s stock valued at $12,288,000 after buying an additional 588,658 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in A10 Networks during the 4th quarter valued at about $8,660,000. Finally, Goldman Sachs Group Inc. lifted its holdings in A10 Networks by 196.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 681,027 shares of the communications equipment provider’s stock valued at $11,291,000 after buying an additional 450,950 shares in the last quarter. 90.19% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have commented on ATEN. StockNews.com began coverage on shares of A10 Networks in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Zacks Investment Research raised shares of A10 Networks from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Monday, May 9th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $17.67.
A10 Networks Company Profile (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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