A10 Networks (NYSE:ATEN) CEO Sells $689,659.77 in Stock

A10 Networks, Inc. (NYSE:ATEN) CEO Dhrupad Trivedi sold 33,333 shares of the stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $20.69, for a total value of $689,659.77. Following the transaction, the chief executive officer owned 648,748 shares of the company’s stock, valued at approximately $13,422,596.12. This trade represents a 4.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Friday, February 13th, Dhrupad Trivedi sold 33,334 shares of A10 Networks stock. The shares were sold at an average price of $20.55, for a total value of $685,013.70.

A10 Networks Stock Up 1.7%

Shares of NYSE:ATEN traded up $0.35 during mid-day trading on Friday, reaching $20.70. 1,090,054 shares of the stock were exchanged, compared to its average volume of 790,283. The stock’s 50 day simple moving average is $18.04 and its 200-day simple moving average is $17.80. A10 Networks, Inc. has a one year low of $13.81 and a one year high of $21.90. The company has a market cap of $1.48 billion, a P/E ratio of 35.68 and a beta of 1.23. The company has a quick ratio of 3.43, a current ratio of 3.56 and a debt-to-equity ratio of 1.03.

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

A10 Networks Dividend Announcement

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

Analyst Ratings Changes

Several analysts recently issued reports on ATEN shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of A10 Networks in a report on Wednesday, January 21st. BTIG Research reissued a “buy” rating and issued a $22.00 target price on shares of A10 Networks in a research note on Thursday, February 5th. Finally, Wall Street Zen cut shares of A10 Networks from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $22.00.

Institutional Investors Weigh In On A10 Networks

Several hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp increased its stake in shares of A10 Networks by 271.4% during the third quarter. Jones Financial Companies Lllp now owns 1,560 shares of the communications equipment provider’s stock worth $29,000 after purchasing an additional 1,140 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of A10 Networks by 92.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,255 shares of the communications equipment provider’s stock worth $40,000 after purchasing an additional 1,083 shares during the period. Clearstead Advisors LLC raised its position in shares of A10 Networks by 2,829.4% in the fourth quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider’s stock valued at $44,000 after buying an additional 2,405 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of A10 Networks in the third quarter valued at approximately $49,000. Finally, CWM LLC boosted its stake in shares of A10 Networks by 38.1% in the third quarter. CWM LLC now owns 3,640 shares of the communications equipment provider’s stock valued at $66,000 after buying an additional 1,005 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.