A10 Networks, Inc. (NYSE:ATEN - Get Free Report) Director Dana Elizabeth Wolf sold 2,652 shares of the company's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $25.65, for a total transaction of $68,023.80. Following the transaction, the director owned 57,409 shares in the company, valued at approximately $1,472,540.85. This trade represents a 4.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
A10 Networks Trading Down 0.3%
ATEN opened at $25.17 on Wednesday. The stock has a market capitalization of $1.83 billion, a PE ratio of 41.94 and a beta of 1.16. A10 Networks, Inc. has a 1-year low of $16.52 and a 1-year high of $38.49. The firm has a 50-day moving average price of $32.39 and a two-hundred day moving average price of $27.60.
A10 Networks (NYSE:ATEN - Get Free Report) last announced its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. A10 Networks had a net margin of 13.85% and a return on equity of 23.63%. The company had revenue of $80.14 million for the quarter, compared to analyst estimates of $77.28 million. During the same period in the prior year, the business earned $0.21 earnings per share. A10 Networks's quarterly revenue was up 15.5% on a year-over-year basis. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. On average, research analysts predict that A10 Networks, Inc. will post 0.81 EPS for the current year.
A10 Networks Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, August 17th. A10 Networks's payout ratio is 40.00%.
Analysts Set New Price Targets
A number of brokerages have commented on ATEN. BTIG Research reiterated a "buy" rating and issued a $37.00 price objective on shares of A10 Networks in a research report on Thursday, August 6th. Piper Sandler set a $45.00 price target on A10 Networks in a research note on Tuesday, June 16th. Zacks Research cut A10 Networks from a "strong-buy" rating to a "hold" rating in a report on Monday, June 29th. Wall Street Zen cut A10 Networks from a "buy" rating to a "hold" rating in a report on Saturday, June 20th. Finally, BWS Financial restated a "buy" rating and set a $45.00 target price on shares of A10 Networks in a research report on Friday, August 14th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $31.29.
Read Our Latest Stock Report on A10 Networks
Institutional Trading of A10 Networks
Several institutional investors and hedge funds have recently made changes to their positions in ATEN. Hsbc Holdings PLC boosted its position in shares of A10 Networks by 84.3% during the fourth quarter. Hsbc Holdings PLC now owns 153,816 shares of the communications equipment provider's stock worth $2,724,000 after purchasing an additional 70,357 shares in the last quarter. AlphaQuest LLC increased its position in shares of A10 Networks by 967.4% in the 4th quarter. AlphaQuest LLC now owns 162,685 shares of the communications equipment provider's stock valued at $2,878,000 after buying an additional 147,444 shares in the last quarter. Royal Bank of Canada raised its stake in A10 Networks by 9,899.3% during the 1st quarter. Royal Bank of Canada now owns 536,461 shares of the communications equipment provider's stock worth $12,403,000 after buying an additional 531,096 shares during the period. Walleye Capital LLC acquired a new stake in A10 Networks during the 1st quarter worth $115,600,000. Finally, Rice Hall James & Associates LLC bought a new position in A10 Networks during the second quarter worth about $9,158,000. Institutional investors own 98.61% of the company's stock.
About A10 Networks
(
Get Free Report)
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.
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