A10 Networks, Inc. (NYSE:ATEN) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its position in A10 Networks, Inc. (NYSE:ATEN) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 111,688 shares of the communications equipment provider’s stock after selling 1,177 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.15% of A10 Networks worth $1,471,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in shares of A10 Networks during the 3rd quarter worth $181,000. Meeder Asset Management Inc. purchased a new stake in A10 Networks during the 4th quarter worth about $163,000. Harbor Capital Advisors Inc. boosted its position in shares of A10 Networks by 6.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 13,373 shares of the communications equipment provider’s stock worth $176,000 after acquiring an additional 816 shares in the last quarter. Teza Capital Management LLC purchased a new position in shares of A10 Networks in the 3rd quarter valued at about $227,000. Finally, Everence Capital Management Inc. acquired a new stake in shares of A10 Networks during the 3rd quarter worth about $229,000. Hedge funds and other institutional investors own 98.61% of the company’s stock.

A10 Networks Price Performance

NYSE ATEN opened at $13.18 on Tuesday. The company has a fifty day moving average of $13.44 and a two-hundred day moving average of $12.83. A10 Networks, Inc. has a 1 year low of $10.03 and a 1 year high of $15.99. The company has a market capitalization of $981.91 million, a PE ratio of 24.87 and a beta of 1.10.

A10 Networks (NYSE:ATEN) last released its quarterly earnings results on Tuesday, February 6th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The firm had revenue of $70.42 million for the quarter, compared to analysts’ expectations of $76.95 million. A10 Networks had a return on equity of 21.67% and a net margin of 15.88%. On average, research analysts expect that A10 Networks, Inc. will post 0.66 earnings per share for the current year.

A10 Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Thursday, February 15th. A10 Networks’s dividend payout ratio is currently 45.28%.

Wall Street Analyst Weigh In

Separately, BWS Financial increased their price target on shares of A10 Networks from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th.

Insiders Place Their Bets

In other news, CEO Dhrupad Trivedi sold 21,498 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $13.58, for a total transaction of $291,942.84. Following the completion of the sale, the chief executive officer now owns 461,507 shares in the company, valued at $6,267,265.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Brian Becker sold 4,348 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $13.21, for a total transaction of $57,437.08. Following the transaction, the chief financial officer now directly owns 51,299 shares in the company, valued at $677,659.79. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Dhrupad Trivedi sold 21,498 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $13.58, for a total transaction of $291,942.84. Following the completion of the sale, the chief executive officer now owns 461,507 shares of the company’s stock, valued at approximately $6,267,265.06. The disclosure for this sale can be found here. In the last three months, insiders have sold 152,828 shares of company stock valued at $2,032,990. Insiders own 5.82% of the company’s stock.

A10 Networks Profile

A10 Networks, Inc provides networking solutions in the Americas, Japan, rest of Asia Pacific, Europe, the Middle East, and Africa. The company offers Thunder Application Delivery Controller that provides advanced server load balancing; Thunder Carrier Grade Networking, which provides standards-compliant address and protocol translation services between varying types of internet protocol addresses; Thunder Secure Sockets Layer (SSL) Insight that decrypts SSL-encrypted traffic and forwards it to a third-party security device for deep packet inspection; and Thunder Convergent Firewall, which addresses multiple critical security capabilities in one package.