A10 Networks, Inc. (NYSE:ATEN – Get Rated) CEO Dhrupad Trivedi sold 15,079 shares of A10 Networks in a transaction that took place on Tuesday, December 6. The shares sold at an average price of $18.84, for a total value of $284,088.36. Following the sale, the CEO now directly owns 500,956 shares of the company, valued at $9,438,011.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed via this link.
Price performance of A10 networks
NYSE ATEN traded higher by $0.16 during trading hours on Thursday, reaching $19.30. 415,675 shares in the company’s stock hands, compared to its average volume of 860,265. A10 Networks, Inc. has a 52-week minimum of $12.27 and a 52-week maximum of $19.79. The company has a 50-day simple moving average of $17.04 and a 200-day simple moving average of $15.32. The company has a market capitalization of $1.42 billion, a PE ratio of 38.60, and a beta of 0.99.
A10 Networks increases dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 1. Shareholders of record on Tuesday, November 15, were paid a dividend of $0.06 per share. This is an increase from A10 Networks’ previous quarterly dividend of $0.05. The ex-dividend date was Monday, November 14. This represents a dividend of $0.24 on an annualized basis and a dividend yield of 1.24%. A10 Networks Dividend Payout Ratio (DPR) is currently 48.00%.
Wall Street analyst weighs in
ATEN has been the subject of a number of research analyst reports. StockNews.com upgraded A10 Networks from a “hold” rating to a “buy” rating in a research note on Thursday, November 10. BWS Financial raised its price target on A10 Networks to $24.00 from $20.00 and gave the stock a “Buy” rating in a Wednesday, November 2, report.
Institutional Negotiation of Networks A10
Hedge funds have recently made changes to their stock positions. WINTON GROUP Ltd acquired a new position in A10 Networks during the second quarter valued at $561,000. Victory Capital Management Inc. increased its stake in A10 Networks by 54.7% in the first quarter. Victory Capital Management Inc. now owns 73,285 shares of the communications equipment provider worth $1,047,000 after buying an additional 25,910 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in A10 Networks by 20.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 835,392 shares of the communications equipment provider worth $11,653,000 after buying an additional 140,724 shares in the last quarter. The Arizona State Retirement System increased its position in A10 Networks by 13.4% during the second quarter. The Arizona State Retirement System now owns 17,834 shares of the communications equipment provider valued at $256,000 after purchasing an additional 2,112 shares last quarter. Finally, Fox Run Management LLC bought a new stake in A10 Networks during the second quarter valued at about $347,000. 90.66% of the shares are owned by institutional investors.
About A10 networks
A10 Networks, Inc is dedicated to providing application networking solutions that help organizations ensure that their data center applications and networks remain available, accelerated, and secure. It offers cloud storage, enterprise solutions, security products, data center, application delivery, load balancing, and distributed denial-of-service protection.
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