Robert D. Cochran Sells 5,000 Shares of A10 Networks, Inc. (NYSE:ATEN) Stock

A10 Networks, Inc. (NYSE:ATENGet Rating) EVP Robert D. Cochran sold 5,000 shares of the stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $15.13, for a total value of $75,650.00. Following the transaction, the executive vice president now owns 337,825 shares in the company, valued at approximately $5,111,292.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

A10 Networks stock traded down $1.02 during mid-day trading on Wednesday, reaching $14.79. 1,161,258 shares of the company were exchanged, compared to its average volume of 1,135,862. The company has a fifty day simple moving average of $14.02 and a 200-day simple moving average of $14.65. A10 Networks, Inc. has a 12 month low of $9.13 and a 12 month high of $19.05. The firm has a market cap of $1.12 billion, a PE ratio of 12.85 and a beta of 0.95.

A10 Networks (NYSE:ATENGet Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. A10 Networks had a return on equity of 20.66% and a net margin of 38.23%. During the same period last year, the business posted $0.06 EPS. As a group, research analysts expect that A10 Networks, Inc. will post 0.46 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Monday, May 16th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, May 13th. This represents a $0.20 annualized dividend and a dividend yield of 1.35%. A10 Networks’s payout ratio is 16.26%.

Several institutional investors and hedge funds have recently modified their holdings of ATEN. First Trust Advisors LP bought a new position in shares of A10 Networks in the 1st quarter valued at $1,741,000. Morgan Stanley increased its stake in shares of A10 Networks by 1,100.2% in the 2nd quarter. Morgan Stanley now owns 317,096 shares of the communications equipment provider’s stock valued at $3,571,000 after purchasing an additional 290,676 shares during the last quarter. PNC Financial Services Group Inc. bought a new position in shares of A10 Networks in the 3rd quarter valued at $94,000. Russell Investments Group Ltd. increased its stake in shares of A10 Networks by 2.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 211,730 shares of the communications equipment provider’s stock valued at $2,852,000 after purchasing an additional 5,607 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of A10 Networks by 1.6% in the 3rd quarter. Swiss National Bank now owns 128,200 shares of the communications equipment provider’s stock valued at $1,728,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors own 90.19% of the company’s stock.

A number of equities analysts have commented on ATEN shares. StockNews.com started coverage on A10 Networks in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Zacks Investment Research upgraded A10 Networks from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Monday, May 9th. Four analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $17.67.

A10 Networks Company Profile (Get Rating)

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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