Shares of A10 Networks Inc. (NYSE:ATEN) have earned an average recommendation of “Buy” from the six brokerages that are currently covering the firm. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $9.30.

A number of equities research analysts recently commented on ATEN shares. DA Davidson upgraded A10 Networks from a “neutral” rating to a “buy” rating and set a $10.50 price target on the stock in a research report on Monday, October 31st. They noted that the move was a valuation call. Dougherty & Co decreased their price target on A10 Networks from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Zacks Investment Research upgraded A10 Networks from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a research report on Wednesday, August 3rd. Finally, Oppenheimer Holdings Inc. restated a “hold” rating and set a $11.00 price target on shares of A10 Networks in a research report on Thursday, October 27th.

A10 Networks (NYSE:ATEN) opened at 7.84 on Tuesday. A10 Networks has a one year low of $4.84 and a one year high of $10.87. The firm’s market capitalization is $462.80 million. The company has a 50 day moving average price of $9.17 and a 200-day moving average price of $7.99.

In other A10 Networks news, VP Robert D. Cochran sold 7,000 shares of the company’s stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $9.94, for a total transaction of $69,580.00. Following the transaction, the vice president now owns 139,728 shares of the company’s stock, valued at approximately $1,388,896.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 34.05% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd increased its position in A10 Networks by 3.8% in the second quarter. Dynamic Technology Lab Private Ltd now owns 35,819 shares of the company’s stock valued at $232,000 after buying an additional 1,312 shares in the last quarter. Bank of Montreal Can bought a new position in A10 Networks during the second quarter worth $183,000. Swiss National Bank increased its position in A10 Networks by 23.8% in the second quarter. Swiss National Bank now owns 76,400 shares of the company’s stock worth $494,000 after buying an additional 14,700 shares during the period. Paradigm Capital Management Inc. NY increased its position in A10 Networks by 23.3% in the second quarter. Paradigm Capital Management Inc. NY now owns 110,925 shares of the company’s stock worth $717,000 after buying an additional 20,925 shares during the period. Finally, California State Teachers Retirement System increased its position in A10 Networks by 28.6% in the second quarter. California State Teachers Retirement System now owns 92,430 shares of the company’s stock worth $598,000 after buying an additional 20,577 shares during the period. 46.65% 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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