A10 Networks, Inc. (NYSE:ATEN) CFO Brian Becker Sells 4,348 Shares

A10 Networks, Inc. (NYSE:ATENGet Free Report) CFO Brian Becker sold 4,348 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $13.21, for a total transaction of $57,437.08. Following the sale, the chief financial officer now directly owns 51,299 shares of the company’s stock, valued at approximately $677,659.79. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Brian Becker also recently made the following trade(s):

  • On Monday, February 5th, Brian Becker sold 2,047 shares of A10 Networks stock. The shares were sold at an average price of $13.06, for a total value of $26,733.82.
  • On Wednesday, January 24th, Brian Becker sold 1,375 shares of A10 Networks stock. The stock was sold at an average price of $14.03, for a total value of $19,291.25.

A10 Networks Price Performance

NYSE ATEN opened at $13.05 on Wednesday. The stock has a market capitalization of $967.50 million, a price-to-earnings ratio of 24.62 and a beta of 1.12. A10 Networks, Inc. has a one year low of $10.03 and a one year high of $16.16. The business’s fifty day moving average is $13.20 and its 200-day moving average is $13.38.

A10 Networks (NYSE:ATENGet Free Report) last released its earnings results on Tuesday, November 7th. The communications equipment provider reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The company had revenue of $57.78 million for the quarter, compared to analysts’ expectations of $57.54 million. A10 Networks had a return on equity of 21.75% and a net margin of 15.48%. Research analysts expect that A10 Networks, Inc. will post 0.6 EPS for the current fiscal year.

Institutional Investors Weigh In On A10 Networks

A number of hedge funds have recently made changes to their positions in the business. Merit Financial Group LLC raised its stake in shares of A10 Networks by 20.2% during the 4th quarter. Merit Financial Group LLC now owns 77,931 shares of the communications equipment provider’s stock worth $1,026,000 after purchasing an additional 13,103 shares during the period. Russell Investments Group Ltd. increased its holdings in A10 Networks by 93.6% in the 4th quarter. Russell Investments Group Ltd. now owns 561,155 shares of the communications equipment provider’s stock worth $7,390,000 after acquiring an additional 271,303 shares during the last quarter. Meritage Portfolio Management increased its holdings in A10 Networks by 30.3% in the 4th quarter. Meritage Portfolio Management now owns 32,220 shares of the communications equipment provider’s stock worth $424,000 after acquiring an additional 7,484 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in A10 Networks by 9.1% in the 4th quarter. Illinois Municipal Retirement Fund now owns 40,806 shares of the communications equipment provider’s stock worth $537,000 after acquiring an additional 3,417 shares during the last quarter. Finally, Guidance Capital Inc. increased its holdings in A10 Networks by 22.3% in the 4th quarter. Guidance Capital Inc. now owns 18,974 shares of the communications equipment provider’s stock worth $247,000 after acquiring an additional 3,457 shares during the last quarter. 88.69% of the stock is currently owned by institutional investors.

About A10 Networks

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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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