A10 Networks, Inc. (NYSE:ATEN) Director Peter Y. Chung Sells 3,296,047 Shares of Stock

A10 Networks, Inc. (NYSE:ATEN) Director Peter Y. Chung sold 3,296,047 shares of A10 Networks stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $15.40, for a total transaction of $50,759,123.80. Following the sale, the director now owns 619,166 shares of the company’s stock, valued at approximately $9,535,156.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

A10 Networks Trading Up 0.6 %

ATEN stock opened at $15.23 on Thursday. A10 Networks, Inc. has a 1-year low of $10.03 and a 1-year high of $16.46. The firm has a market cap of $1.13 billion, a PE ratio of 24.96 and a beta of 1.13. The business’s 50-day moving average price is $14.14 and its two-hundred day moving average price is $13.42.

A10 Networks (NYSE:ATEN) last posted its earnings results on Tuesday, April 30th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. A10 Networks had a return on equity of 22.42% and a net margin of 17.96%. The business had revenue of $60.70 million during the quarter, compared to analysts’ expectations of $59.43 million. During the same period in the prior year, the business earned $0.09 EPS. A10 Networks’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, analysts forecast that A10 Networks, Inc. will post 0.66 earnings per share for the current year.

A10 Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.58%. A10 Networks’s dividend payout ratio is currently 39.34%.

Institutional Investors Weigh In On A10 Networks

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of A10 Networks by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 7,103,358 shares of the communications equipment provider’s stock worth $97,245,000 after acquiring an additional 35,010 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of A10 Networks by 83.9% during the 4th quarter. First Trust Advisors LP now owns 4,470,999 shares of the communications equipment provider’s stock worth $58,883,000 after buying an additional 2,040,007 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of A10 Networks by 37.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,486,953 shares of the communications equipment provider’s stock valued at $32,753,000 after acquiring an additional 676,509 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of A10 Networks by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,751,119 shares of the communications equipment provider’s stock valued at $23,063,000 after acquiring an additional 81,908 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in A10 Networks by 18.7% during the third quarter. Legal & General Group Plc now owns 1,708,642 shares of the communications equipment provider’s stock worth $25,681,000 after acquiring an additional 268,642 shares in the last quarter. Institutional investors own 98.61% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ATEN. Craig Hallum increased their price target on A10 Networks from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. BWS Financial reaffirmed a “buy” rating and issued a $17.00 price target on shares of A10 Networks in a research note on Wednesday, May 1st.

About A10 Networks

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.