A10 Networks (NYSE:ATEN) CEO Dhrupad Trivedi Sells 33,333 Shares

A10 Networks, Inc. (NYSE:ATEN) CEO Dhrupad Trivedi sold 33,333 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $20.69, for a total value of $689,659.77. Following the transaction, the chief executive officer directly owned 648,748 shares in the company, valued at approximately $13,422,596.12. This represents a 4.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Dhrupad Trivedi also recently made the following trade(s):

• On Friday, February 13th, Dhrupad Trivedi sold 33,334 shares of A10 Networks stock. The shares were sold at an average price of $20.55, for a total value of $685,013.70.

A10 Networks Trading Up 1.7%

NYSE ATEN opened at $20.70 on Friday. The company has a 50-day moving average of $18.10 and a 200-day moving average of $17.81. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.56 and a quick ratio of 3.43. A10 Networks, Inc. has a 12 month low of $13.81 and a 12 month high of $21.90. The company has a market cap of $1.48 billion, a P/E ratio of 35.68 and a beta of 1.23.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings results on Wednesday, February 4th. The communications equipment provider reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. A10 Networks had a net margin of 14.50% and a return on equity of 24.10%. The firm had revenue of $80.36 million during the quarter, compared to analyst estimates of $78.09 million. During the same quarter in the prior year, the business posted $0.24 earnings per share. A10 Networks’s revenue for the quarter was up 8.3% compared to the same quarter last year. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. As a group, equities analysts predict that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 16th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, February 13th. A10 Networks’s payout ratio is currently 41.38%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ATEN. BTIG Research reiterated a “buy” rating and issued a $22.00 target price on shares of A10 Networks in a research note on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of A10 Networks in a research report on Wednesday, January 21st. Finally, Wall Street Zen cut A10 Networks from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, A10 Networks currently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

Hedge Funds Weigh In On A10 Networks

Institutional investors have recently made changes to their positions in the stock. Penserra Capital Management LLC lifted its holdings in shares of A10 Networks by 56.2% in the 2nd quarter. Penserra Capital Management LLC now owns 3,964,989 shares of the communications equipment provider’s stock worth $76,722,000 after purchasing an additional 1,425,792 shares during the last quarter. Boston Partners acquired a new stake in shares of A10 Networks in the fourth quarter valued at approximately $14,795,000. Legal & General Group Plc increased its stake in shares of A10 Networks by 348.6% in the second quarter. Legal & General Group Plc now owns 992,678 shares of the communications equipment provider’s stock valued at $19,208,000 after purchasing an additional 771,405 shares during the period. Barclays PLC raised its holdings in shares of A10 Networks by 103.7% during the third quarter. Barclays PLC now owns 1,365,259 shares of the communications equipment provider’s stock valued at $24,779,000 after buying an additional 695,150 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in A10 Networks by 40.2% during the 3rd quarter. Wellington Management Group LLP now owns 2,054,213 shares of the communications equipment provider’s stock worth $37,284,000 after acquiring an additional 588,922 shares during the period. 98.61% of the stock is owned by institutional investors.

About A10 Networks

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.