A10 Networks, Inc. (NYSE:ATEN) Director Eric Singer Sells 14,940 Shares

A10 Networks, Inc. (NYSE:ATENGet Rating) Director Eric Singer sold 14,940 shares of the stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $15.20, for a total value of $227,088.00. Following the completion of the transaction, the director now owns 46,566 shares of the company’s stock, valued at $707,803.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Eric Singer also recently made the following trade(s):

  • On Tuesday, June 7th, Eric Singer sold 21,949 shares of A10 Networks stock. The shares were sold at an average price of $15.85, for a total value of $347,891.65.
  • On Tuesday, May 24th, Eric Singer sold 80,000 shares of A10 Networks stock. The shares were sold at an average price of $14.75, for a total value of $1,180,000.00.
  • On Wednesday, May 18th, Eric Singer sold 135,691 shares of A10 Networks stock. The shares were sold at an average price of $14.78, for a total value of $2,005,512.98.
  • On Monday, May 9th, Eric Singer sold 100,000 shares of A10 Networks stock. The shares were sold at an average price of $14.16, for a total value of $1,416,000.00.

A10 Networks Trading Down 0.5 %

Shares of ATEN stock opened at $15.42 on Friday. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 12.05 and a beta of 0.92. The stock has a 50-day moving average of $14.51 and a 200-day moving average of $14.20. A10 Networks, Inc. has a 1-year low of $12.27 and a 1-year high of $19.05.

A10 Networks (NYSE:ATENGet Rating) last released its earnings results on Tuesday, August 2nd. The communications equipment provider reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. A10 Networks had a return on equity of 19.92% and a net margin of 38.39%. During the same quarter in the previous year, the company earned $0.10 earnings per share. Sell-side analysts forecast that A10 Networks, Inc. will post 0.4 earnings per share for the current year.

A10 Networks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, August 12th. This represents a $0.20 annualized dividend and a yield of 1.30%. A10 Networks’s dividend payout ratio is currently 15.63%.

Institutional Investors Weigh In On A10 Networks

Hedge funds have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. acquired a new stake in A10 Networks in the first quarter valued at approximately $28,000. Nisa Investment Advisors LLC purchased a new position in shares of A10 Networks during the second quarter valued at approximately $38,000. Ensign Peak Advisors Inc bought a new stake in A10 Networks during the first quarter worth $41,000. Great West Life Assurance Co. Can raised its position in A10 Networks by 97.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 2,984 shares of the communications equipment provider’s stock valued at $44,000 after buying an additional 1,472 shares during the last quarter. Finally, Itau Unibanco Holding S.A. bought a new position in A10 Networks during the 4th quarter valued at $55,000. Institutional investors and hedge funds own 90.19% of the company’s stock.

A10 Networks Company Profile

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A10 Networks, Inc provides networking solutions in the Americas, Japan, other Asia Pacific, and EMEA countries. The company offers Thunder Application Delivery Controller (ADC) that provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to boost the delivery and security of applications and microservices; and Thunder Carrier Grade Networking product, which offers standards-compliant address and protocol translation services for service provider networks.

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