Eric Singer Sells 24,698 Shares of A10 Networks (NYSE:ATEN) Stock

A10 Networks, Inc. (NYSE:ATEN) Director Eric Singer sold 24,698 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $27.21, for a total value of $672,032.58. Following the sale, the director owned 68,806 shares of the company’s stock, valued at approximately $1,872,211.26. This trade represents a 26.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

A10 Networks Stock Down 1.4%

Shares of ATEN traded down $0.39 during trading hours on Wednesday, hitting $26.75. 851,301 shares of the company were exchanged, compared to its average volume of 1,130,435. The company has a market cap of $1.92 billion, a PE ratio of 43.14 and a beta of 1.17. The firm’s 50 day moving average is $23.45 and its 200-day moving average is $19.89. A10 Networks, Inc. has a 52 week low of $16.52 and a 52 week high of $28.59. The company has a debt-to-equity ratio of 0.99, a quick ratio of 3.56 and a current ratio of 3.71.

A10 Networks (NYSE:ATEN) last released its quarterly earnings results on Tuesday, April 28th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.02. A10 Networks had a return on equity of 25.00% and a net margin of 14.90%.The company had revenue of $75.00 million during the quarter, compared to the consensus estimate of $72.62 million. During the same quarter in the prior year, the company posted $0.20 EPS. The firm’s revenue was up 13.4% on a year-over-year basis. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. On average, equities research analysts forecast that A10 Networks, Inc. will post 0.83 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, May 15th. This represents a $0.24 annualized dividend and a yield of 0.9%. A10 Networks’s dividend payout ratio is presently 38.71%.

Institutional Investors Weigh In On A10 Networks

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its holdings in A10 Networks by 11.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 55,218 shares of the communications equipment provider’s stock valued at $1,330,000 after purchasing an additional 5,671 shares in the last quarter. Fifth Third Bancorp increased its holdings in A10 Networks by 3,005.6% during the 1st quarter. Fifth Third Bancorp now owns 17,081 shares of the communications equipment provider’s stock valued at $395,000 after purchasing an additional 16,531 shares in the last quarter. Hsbc Holdings PLC increased its holdings in A10 Networks by 14.3% during the 1st quarter. Hsbc Holdings PLC now owns 175,780 shares of the communications equipment provider’s stock valued at $4,048,000 after purchasing an additional 21,964 shares in the last quarter. Abel Hall LLC acquired a new stake in A10 Networks during the 1st quarter valued at $293,000. Finally, New York State Teachers Retirement System increased its holdings in A10 Networks by 18.8% during the 1st quarter. New York State Teachers Retirement System now owns 20,501 shares of the communications equipment provider’s stock valued at $474,000 after purchasing an additional 3,246 shares in the last quarter. 98.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ATEN shares. Mizuho increased their target price on A10 Networks from $23.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, April 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of A10 Networks in a report on Wednesday, January 21st. DNB Markets set a $9.00 price target on A10 Networks in a report on Monday, March 9th. Sidoti reaffirmed a “neutral” rating and issued a $24.00 price target on shares of A10 Networks in a report on Monday, April 20th. Finally, Loop Capital set a $25.00 price target on A10 Networks in a report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $23.86.

A10 Networks Company Profile

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.