Dhrupad Trivedi Sells 33,334 Shares of A10 Networks (NYSE:ATEN) Stock

A10 Networks, Inc. (NYSE:ATEN) CEO Dhrupad Trivedi sold 33,334 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $20.55, for a total transaction of $685,013.70. Following the completion of the transaction, the chief executive officer directly owned 713,597 shares in the company, valued at $14,664,418.35. This represents a 4.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Dhrupad Trivedi also recently made the following trade(s):

• On Wednesday, February 11th, Dhrupad Trivedi sold 33,333 shares of A10 Networks stock. The shares were sold at an average price of $20.69, for a total value of $689,659.77.

A10 Networks Stock Up 1.7%

Shares of A10 Networks stock opened at $20.70 on Friday. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 35.68 and a beta of 1.23. A10 Networks, Inc. has a twelve month low of $13.81 and a twelve month high of $21.90. The company has a current ratio of 3.56, a quick ratio of 3.43 and a debt-to-equity ratio of 1.03. The business’s 50 day simple moving average is $18.10 and its 200-day simple moving average is $17.81.

A10 Networks (NYSE:ATEN) last released its quarterly earnings data on Wednesday, February 4th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. A10 Networks had a return on equity of 24.10% and a net margin of 14.50%.The business had revenue of $80.36 million during the quarter, compared to analyst estimates of $78.09 million. During the same quarter in the previous year, the firm posted $0.24 EPS. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. Equities research analysts forecast that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 16th will be given a $0.06 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.24 annualized dividend and a yield of 1.2%. A10 Networks’s dividend payout ratio (DPR) is currently 41.38%.

Institutional Investors Weigh In On A10 Networks

A number of institutional investors have recently added to or reduced their stakes in the company. Penserra Capital Management LLC boosted its stake in A10 Networks by 56.2% during the 2nd quarter. Penserra Capital Management LLC now owns 3,964,989 shares of the communications equipment provider’s stock valued at $76,722,000 after purchasing an additional 1,425,792 shares in the last quarter. Boston Partners acquired a new stake in shares of A10 Networks in the fourth quarter valued at $14,795,000. Legal & General Group Plc boosted its stake in A10 Networks by 348.6% during the second quarter. Legal & General Group Plc now owns 992,678 shares of the communications equipment provider’s stock valued at $19,208,000 after buying an additional 771,405 shares in the last quarter. Barclays PLC grew its holdings in A10 Networks by 103.7% during the third quarter. Barclays PLC now owns 1,365,259 shares of the communications equipment provider’s stock worth $24,779,000 after acquiring an additional 695,150 shares during the period. Finally, Wellington Management Group LLP grew its holdings in A10 Networks by 40.2% during the third quarter. Wellington Management Group LLP now owns 2,054,213 shares of the communications equipment provider’s stock worth $37,284,000 after acquiring an additional 588,922 shares during the period. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ATEN shares. Wall Street Zen lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “hold (c+)” rating on shares of A10 Networks in a research report on Wednesday, January 21st. Finally, BTIG Research reiterated a “buy” rating and set a $22.00 price target on shares of A10 Networks in a research report on Thursday, February 5th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.00.

A10 Networks Company Profile

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.