Robert Scott Weber Sells 14,086 Shares of A10 Networks (NYSE:ATEN) Stock

A10 Networks, Inc. (NYSE:ATEN) General Counsel Robert Scott Weber sold 14,086 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $27.86, for a total value of $392,435.96. Following the sale, the general counsel directly owned 50,586 shares of the company’s stock, valued at approximately $1,409,325.96. This trade represents a 21.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

A10 Networks Stock Performance

Shares of NYSE:ATEN opened at $27.04 on Friday. A10 Networks, Inc. has a 1 year low of $16.52 and a 1 year high of $38.49. The stock has a market capitalization of $1.96 billion, a P/E ratio of 45.07 and a beta of 1.16. The stock has a 50-day simple moving average of $33.29 and a 200-day simple moving average of $27.13.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $80.14 million for the quarter, compared to analyst estimates of $77.28 million. A10 Networks had a net margin of 13.85% and a return on equity of 23.63%. A10 Networks’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 earnings per share. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. Analysts predict that A10 Networks, Inc. will post 0.83 earnings per share for the current year.

A10 Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, August 17th. A10 Networks’s dividend payout ratio (DPR) is currently 40.00%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ATEN shares. BWS Financial reaffirmed a “buy” rating and set a $45.00 price target on shares of A10 Networks in a research report on Thursday, August 6th. Piper Sandler set a $45.00 price objective on A10 Networks in a research note on Tuesday, June 16th. Sidoti reaffirmed a “neutral” rating and issued a $24.00 target price on shares of A10 Networks in a research report on Monday, April 20th. Wall Street Zen lowered A10 Networks from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, BTIG Research reissued a “buy” rating and set a $37.00 price target on shares of A10 Networks in a research report on Thursday, August 6th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.29.

Hedge Funds Weigh In On A10 Networks

A number of institutional investors have recently added to or reduced their stakes in ATEN. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of A10 Networks during the second quarter valued at about $27,000. SBI Securities Co. Ltd. increased its position in shares of A10 Networks by 83.5% during the second quarter. SBI Securities Co. Ltd. now owns 1,167 shares of the communications equipment provider’s stock worth $44,000 after acquiring an additional 531 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of A10 Networks in the fourth quarter worth about $26,000. State of Wyoming acquired a new position in shares of A10 Networks in the second quarter worth about $57,000. Finally, Signaturefd LLC boosted its holdings in A10 Networks by 24.2% in the second quarter. Signaturefd LLC now owns 2,159 shares of the communications equipment provider’s stock valued at $81,000 after purchasing an additional 421 shares during the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.

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.