A10 Networks Inc. (NYSE:ATEN) VP Robert D. Cochran sold 7,000 shares of A10 Networks stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $9.94, for a total value of $69,580.00. Following the transaction, the vice president now directly owns 139,728 shares in the company, valued at $1,388,896.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Robert D. Cochran also recently made the following trade(s):

  • On Monday, July 11th, Robert D. Cochran sold 5,000 shares of A10 Networks stock. The shares were sold at an average price of $7.00, for a total value of $35,000.00.

Shares of A10 Networks Inc. (NYSE:ATEN) opened at 9.92 on Friday. A10 Networks Inc. has a 1-year low of $4.84 and a 1-year high of $10.87. The firm has a 50-day moving average price of $10.15 and a 200-day moving average price of $7.55. The company’s market cap is $585.58 million.

A10 Networks (NYSE:ATEN) last posted its earnings results on Thursday, July 28th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.03. The firm had revenue of $57.10 million for the quarter, compared to analyst estimates of $56.07 million. A10 Networks had a negative return on equity of 37.97% and a negative net margin of 14.10%. A10 Networks’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period last year, the company earned ($0.09) earnings per share. On average, equities analysts expect that A10 Networks Inc. will post ($0.09) EPS for the current year.

A number of research firms recently commented on ATEN. DA Davidson cut A10 Networks from a “buy” rating to a “neutral” rating and set a $11.50 price target on the stock. in a report on Wednesday. They noted that the move was a valuation call. Zacks Investment Research cut 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 stock 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. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. A10 Networks currently has an average rating of “Buy” and a consensus price target of $9.17.

A number of hedge funds have recently bought and sold shares of ATEN. Franklin Resources Inc. raised its stake in 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 period. Vanguard Group Inc. raised its stake in A10 Networks by 15.7% in the second quarter. Vanguard Group Inc. now owns 2,376,458 shares of the company’s stock valued at $15,375,000 after buying an additional 322,617 shares during the period. BlackRock Fund Advisors raised its stake in A10 Networks by 31.0% in the second quarter. BlackRock Fund Advisors now owns 1,150,356 shares of the company’s stock valued at $7,443,000 after buying an additional 272,551 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in A10 Networks by 59.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 962,793 shares of the company’s stock valued at $6,229,000 after buying an additional 360,814 shares during the period. Finally, Spark Investment Management LLC raised its stake in 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 period. 46.70% of the stock is currently owned by hedge funds and other institutional investors.

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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