A10 Networks, Inc. (NYSE:ATEN) EVP Robert D. Cochran sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $6.76, for a total transaction of $54,080.00. Following the completion of the transaction, the executive vice president now owns 181,662 shares of the company’s stock, valued at $1,228,035.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of A10 Networks, Inc. (NYSE ATEN) opened at 6.13 on Friday. The stock’s market cap is $361.85 million. A10 Networks, Inc. has a 52 week low of $6.09 and a 52 week high of $10.86. The stock has a 50 day moving average of $7.06 and a 200 day moving average of $8.32.
A10 Networks (NYSE:ATEN) last announced its earnings results on Thursday, July 27th. The communications equipment provider reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.06. A10 Networks had a negative net margin of 8.00% and a negative return on equity of 20.33%. The company had revenue of $53.69 million for the quarter, compared to analysts’ expectations of $52.99 million. During the same quarter in the previous year, the company posted ($0.02) EPS. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. On average, analysts expect that A10 Networks, Inc. will post ($0.08) earnings per share for the current year.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. ETF Managers Group LLC bought a new position in A10 Networks during the second quarter valued at approximately $17,876,000. Vanguard Group Inc. raised its position in A10 Networks by 17.1% in the first quarter. Vanguard Group Inc. now owns 3,374,761 shares of the communications equipment provider’s stock valued at $30,879,000 after buying an additional 493,877 shares in the last quarter. Divisar Capital Management LLC raised its position in A10 Networks by 28.5% in the second quarter. Divisar Capital Management LLC now owns 1,437,849 shares of the communications equipment provider’s stock valued at $12,135,000 after buying an additional 319,179 shares in the last quarter. Acadian Asset Management LLC raised its position in A10 Networks by 26.2% in the first quarter. Acadian Asset Management LLC now owns 950,865 shares of the communications equipment provider’s stock valued at $8,701,000 after buying an additional 197,699 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in A10 Networks by 7.4% in the second quarter. Renaissance Technologies LLC now owns 2,385,600 shares of the communications equipment provider’s stock valued at $20,134,000 after buying an additional 164,900 shares in the last quarter. Institutional investors and hedge funds own 53.59% of the company’s stock.
Several research firms have recently commented on ATEN. Bank of America Corporation lowered their target price on shares of A10 Networks from $10.00 to $8.50 and set a “buy” rating on the stock in a report on Friday, July 14th. DA Davidson upped their price target on shares of A10 Networks to $9.00 and gave the company a “buy” rating in a research note on Friday, July 14th. Zacks Investment Research downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. KeyCorp downgraded shares of A10 Networks from an “overweight” rating to a “sector weight” rating in a research note on Friday, July 14th. Finally, ValuEngine downgraded shares of A10 Networks from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $9.60.
About A10 Networks
A10 Networks, Inc is a provider of software and hardware solutions. The Company’s solutions enable its customers to secure and optimize the performance of their data center and cloud applications, and secure their users, applications and infrastructure from Internet, Web and network threats at scale.
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