Insider Selling: A10 Networks (NYSE:ATEN) General Counsel Sells $392,435.96 in Stock

A10 Networks, Inc. (NYSE:ATEN) General Counsel Robert Scott Weber sold 14,086 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $27.86, for a total value of $392,435.96. Following the completion of the transaction, the general counsel directly owned 50,586 shares of the company’s stock, valued at $1,409,325.96. The trade was a 21.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

A10 Networks Stock Up 1.1%

Shares of NYSE ATEN traded up $0.29 during midday trading on Wednesday, reaching $27.46. 999,031 shares of the stock were exchanged, compared to its average volume of 1,085,068. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 45.77 and a beta of 1.16. A10 Networks, Inc. has a twelve month low of $16.52 and a twelve month high of $38.49. The firm has a 50-day simple moving average of $33.46 and a two-hundred day simple moving average of $26.99.

A10 Networks (NYSE:ATEN) last posted its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $80.14 million during the quarter, compared to analysts’ expectations of $77.28 million. A10 Networks had a net margin of 13.85% and a return on equity of 23.63%. The business’s revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.21 EPS. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. Research analysts expect that A10 Networks, Inc. will post 0.84 EPS for the current fiscal year.

A10 Networks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, August 17th. A10 Networks’s payout ratio is currently 40.00%.

Institutional Investors Weigh In On A10 Networks

Institutional investors have recently bought and sold shares of the company. Ceredex Value Advisors LLC purchased a new stake in A10 Networks during the 2nd quarter worth approximately $14,486,000. BlackRock Inc. purchased a new position in shares of A10 Networks in the second quarter valued at approximately $506,919,000. Rice Hall James & Associates LLC purchased a new position in shares of A10 Networks in the second quarter valued at approximately $9,158,000. Horizon Investment Services LLC acquired a new stake in shares of A10 Networks in the second quarter worth approximately $639,000. Finally, State of Wyoming acquired a new stake in shares of A10 Networks in the second quarter worth approximately $57,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Piper Sandler set a $45.00 price objective on A10 Networks in a report on Tuesday, June 16th. BTIG Research reiterated a “buy” rating and set a $37.00 target price on shares of A10 Networks in a research report on Thursday, August 6th. BWS Financial reissued a “buy” rating and issued a $45.00 price target on shares of A10 Networks in a research note on Thursday, August 6th. Zacks Research lowered shares of A10 Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, Mizuho upped their price objective on shares of A10 Networks from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.29.

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.