A10 Networks (NYSE:ATEN) CEO Sells $685,013.70 in Stock

A10 Networks, Inc. (NYSE:ATEN) CEO Dhrupad Trivedi sold 33,334 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $20.55, for a total value of $685,013.70. Following the sale, the chief executive officer owned 713,597 shares of the company’s stock, valued at $14,664,418.35. This trade represents a 4.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, February 11th, Dhrupad Trivedi sold 33,333 shares of A10 Networks stock. The stock was sold at an average price of $20.69, for a total value of $689,659.77.

A10 Networks Stock Performance

NYSE:ATEN opened at $20.70 on Monday. The firm’s fifty day simple moving average is $18.10 and its 200-day simple moving average is $17.80. The company has a quick ratio of 3.43, a current ratio of 3.56 and a debt-to-equity ratio of 1.03. The stock has a market cap of $1.48 billion, a PE ratio of 35.68 and a beta of 1.23. A10 Networks, Inc. has a fifty-two week low of $13.81 and a fifty-two week high of $21.90.

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

A10 Networks Announces Dividend

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

Wall Street Analyst Weigh In

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

Institutional Trading of A10 Networks

A number of institutional investors and hedge funds have recently made changes to their positions in ATEN. Linden Thomas Advisory Services LLC lifted its holdings in shares of A10 Networks by 4.0% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 14,417 shares of the communications equipment provider’s stock worth $262,000 after purchasing an additional 554 shares during the last quarter. New York State Teachers Retirement System lifted its stake in A10 Networks by 1.8% in the third quarter. New York State Teachers Retirement System now owns 32,156 shares of the communications equipment provider’s stock valued at $584,000 after buying an additional 577 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of A10 Networks by 3.5% during the third quarter. Amalgamated Bank now owns 21,173 shares of the communications equipment provider’s stock valued at $384,000 after acquiring an additional 710 shares during the period. Franklin Resources Inc. grew its position in shares of A10 Networks by 0.7% during the second quarter. Franklin Resources Inc. now owns 109,639 shares of the communications equipment provider’s stock worth $2,122,000 after acquiring an additional 731 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of A10 Networks by 2.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,438 shares of the communications equipment provider’s stock worth $705,000 after acquiring an additional 737 shares during the period. 98.61% of the stock is currently owned by institutional investors and hedge funds.

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.