A10 Networks (NYSE:ATEN) Director Sells $68,023.80 in Stock

A10 Networks, Inc. (NYSE:ATEN) Director Dana Elizabeth Wolf sold 2,652 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $25.65, for a total transaction of $68,023.80. Following the completion of the sale, the director directly owned 57,409 shares of the company’s stock, valued at approximately $1,472,540.85. This trade represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

A10 Networks Trading Down 0.3%

A10 Networks stock traded down $0.06 during mid-day trading on Tuesday, hitting $25.17. The stock had a trading volume of 987,526 shares, compared to its average volume of 1,105,731. The firm has a market capitalization of $1.83 billion, a P/E ratio of 41.94 and a beta of 1.16. The firm’s 50 day moving average is $32.53 and its 200 day moving average is $27.55. A10 Networks, Inc. has a one year low of $16.52 and a one year high of $38.49.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. A10 Networks had a return on equity of 23.63% and a net margin of 13.85%.The business had revenue of $80.14 million for the quarter, compared to analysts’ expectations of $77.28 million. During the same period last year, the firm earned $0.21 earnings per share. The business’s quarterly revenue was up 15.5% on a year-over-year basis. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. As a group, equities research analysts forecast that A10 Networks, Inc. will post 0.81 earnings per share for the current year.

A10 Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, August 17th. A10 Networks’s dividend payout ratio (DPR) is 40.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ATEN. BlackRock Inc. bought a new stake in A10 Networks in the second quarter worth $506,919,000. Walleye Capital LLC bought a new stake in shares of A10 Networks in the 1st quarter worth about $115,600,000. California State Teachers Retirement System raised its position in shares of A10 Networks by 3,036.2% during the 2nd quarter. California State Teachers Retirement System now owns 2,868,052 shares of the communications equipment provider’s stock valued at $107,150,000 after buying an additional 2,776,601 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of A10 Networks by 1.3% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,699,629 shares of the communications equipment provider’s stock valued at $48,997,000 after acquiring an additional 35,381 shares during the last quarter. Finally, First Trust Advisors LP grew its position in A10 Networks by 21.1% in the fourth quarter. First Trust Advisors LP now owns 2,463,337 shares of the communications equipment provider’s stock worth $43,576,000 after acquiring an additional 429,066 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ATEN shares. Wall Street Zen downgraded A10 Networks from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Mizuho boosted their target price on shares of A10 Networks from $30.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. BWS Financial restated a “buy” rating and set a $45.00 target price on shares of A10 Networks in a research report on Friday, August 14th. Zacks Research cut shares of A10 Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Piper Sandler set a $45.00 price target on shares of A10 Networks in a research note on Tuesday, June 16th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.