A10 Networks (NYSE:ATEN) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued on Thursday, March 1st.
Several other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of A10 Networks from a “hold” rating to a “sell” rating in a research report on Friday, January 19th. DA Davidson set a $8.00 price objective on shares of A10 Networks and gave the company a “buy” rating in a research note on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $8.33.
A10 Networks (NYSE:ATEN) traded up $0.03 during midday trading on Thursday, hitting $6.53. 667,188 shares of the stock were exchanged, compared to its average volume of 581,900. A10 Networks has a 52 week low of $5.70 and a 52 week high of $9.75. The firm has a market capitalization of $459.88, a P/E ratio of -26.12 and a beta of 0.71.
In other news, EVP Robert D. Cochran sold 10,197 shares of A10 Networks stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $5.98, for a total transaction of $60,978.06. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Lee Chen sold 25,000 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $7.81, for a total transaction of $195,250.00. Following the sale, the chief executive officer now directly owns 10,036,538 shares in the company, valued at approximately $78,385,361.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 139,407 shares of company stock worth $1,051,043. 31.57% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. Millennium Management LLC boosted its position in shares of A10 Networks by 1,033.5% in the fourth quarter. Millennium Management LLC now owns 1,269,858 shares of the communications equipment provider’s stock worth $9,803,000 after purchasing an additional 1,157,827 shares during the period. Alliancebernstein L.P. boosted its position in shares of A10 Networks by 33.0% during the fourth quarter. Alliancebernstein L.P. now owns 3,876,042 shares of the communications equipment provider’s stock worth $29,923,000 after acquiring an additional 960,720 shares during the last quarter. Spark Investment Management LLC bought a new position in shares of A10 Networks during the fourth quarter worth $5,068,000. Renaissance Technologies LLC boosted its position in shares of A10 Networks by 22.0% during the fourth quarter. Renaissance Technologies LLC now owns 2,796,200 shares of the communications equipment provider’s stock worth $21,587,000 after acquiring an additional 503,500 shares during the last quarter. Finally, Divisar Capital Management LLC lifted its position in A10 Networks by 15.1% during the fourth quarter. Divisar Capital Management LLC now owns 2,390,453 shares of the communications equipment provider’s stock valued at $18,454,000 after purchasing an additional 314,235 shares during the last quarter. 62.19% of the stock is owned by institutional investors and hedge funds.
A10 Networks Company Profile
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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