A10 Networks Inc. (NYSE:ATEN) has earned a consensus rating of “Buy” from the six brokerages that are currently covering the firm. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $9.30.

A number of brokerages have issued reports on ATEN. DA Davidson downgraded A10 Networks from a “buy” rating to a “neutral” rating and set a $11.50 price target for the company. in a report on Wednesday. They noted that the move was a valuation call. Zacks Investment Research downgraded A10 Networks from a “buy” rating to a “hold” rating in a report on Wednesday, September 28th. Dougherty & Co boosted their price target on A10 Networks from $9.00 to $11.00 and gave the company a “buy” rating in a report on Monday, August 29th. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $9.00 price target (up from $8.00) on shares of A10 Networks in a report on Tuesday, August 2nd.

In related news, VP Robert D. Cochran sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $7.00, for a total transaction of $35,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Robert D. Cochran sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $9.91, for a total value of $69,370.00. Following the sale, the vice president now owns 146,728 shares of the company’s stock, valued at $1,454,074.48. The disclosure for this sale can be found here. Insiders own 34.05% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Franklin Resources Inc. boosted its stake in shares of A10 Networks by 1.0% in the first quarter. Franklin Resources Inc. now owns 2,867,061 shares of the company’s stock valued at $16,973,000 after buying an additional 29,375 shares during the last quarter. Spark Investment Management LLC boosted its stake in shares of A10 Networks by 55.5% in the first quarter. Spark Investment Management LLC now owns 698,300 shares of the company’s stock valued at $4,133,000 after buying an additional 249,300 shares during the last quarter. State Street Corp boosted its stake in shares of A10 Networks by 5.4% in the first quarter. State Street Corp now owns 481,507 shares of the company’s stock valued at $2,852,000 after buying an additional 24,684 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of A10 Networks by 1.6% in the first quarter. Geode Capital Management LLC now owns 241,914 shares of the company’s stock valued at $1,431,000 after buying an additional 3,715 shares during the last quarter. Finally, Harvest Capital Strategies LLC purchased a new stake in shares of A10 Networks during the first quarter valued at approximately $296,000. Hedge funds and other institutional investors own 46.70% of the company’s stock.

Shares of A10 Networks (NYSE:ATEN) opened at 9.81 on Monday. A10 Networks has a 12 month low of $4.84 and a 12 month high of $10.87. The company’s market capitalization is $579.08 million. The company has a 50-day moving average price of $10.11 and a 200-day moving average price of $7.50.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings results on Thursday, July 28th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.03. A10 Networks had a negative return on equity of 37.97% and a negative net margin of 14.10%. The company earned $57.10 million during the quarter, compared to the consensus estimate of $56.07 million. During the same period in the previous year, the company posted ($0.09) earnings per share. A10 Networks’s revenue for the quarter was up 20.2% on a year-over-year basis. On average, analysts forecast that A10 Networks will post ($0.09) EPS for the current fiscal year.

About A10 Networks

A10 Networks, Inc is a provider of application networking and network security technologies. The Company’s solutions enable enterprises, service providers, Web companies and government organizations to secure and optimize the performance of their data center applications, and secure their users, applications and infrastructure from Internet, Web and network threats at scale.

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