A10 Networks Inc. (NYSE:ATEN) VP Robert D. Cochran sold 7,000 shares of the stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $9.94, for a total value of $69,580.00. Following the sale, the vice president now owns 139,728 shares of the company’s stock, valued at approximately $1,388,896.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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.

A10 Networks Inc. (NYSE:ATEN) opened at 9.92 on Friday. The stock’s market cap is $585.58 million. The company has a 50-day moving average price of $10.15 and a 200-day moving average price of $7.55. A10 Networks Inc. has a 52 week low of $4.84 and a 52 week high of $10.87.

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

Several analysts have recently commented on ATEN shares. Dougherty & Co increased their price objective on A10 Networks from $9.00 to $11.00 and gave the company a “buy” rating in a report on Monday, August 29th. Zacks Investment Research upgraded A10 Networks from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a report on Wednesday, August 3rd. DA Davidson lowered A10 Networks from a “buy” rating to a “neutral” rating and set a $11.50 price objective for the company. in a report on Wednesday. They noted that the move was a valuation call. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $9.00 target price (up previously from $8.00) on shares of A10 Networks in a research note on Tuesday, August 2nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $9.17.

Institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. increased its position 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. increased its position 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 increased its position 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. increased its position 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 increased its position 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. Institutional investors and hedge funds own 46.70% of the company’s stock.

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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