Robert D. Cochran Sells 5,000 Shares of A10 Networks, Inc. (NYSE:ATEN) Stock
A10 Networks, Inc. (NYSE:ATEN) EVP Robert D. Cochran sold 5,000 shares of the company’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $8.13, for a total transaction of $40,650.00. Following the transaction, the executive vice president now owns 189,662 shares of the company’s stock, valued at $1,541,952.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
A10 Networks, Inc. (NYSE ATEN) traded down 16.02% during midday trading on Friday, reaching $6.92. 5,334,043 shares of the company traded hands. The firm’s market capitalization is $408.49 million. A10 Networks, Inc. has a 12 month low of $6.35 and a 12 month high of $10.86. The company’s 50-day moving average price is $8.39 and its 200 day moving average price is $8.65.
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Several large investors have recently added to or reduced their stakes in ATEN. Russell Investments Group Ltd. acquired a new stake in A10 Networks during the fourth quarter valued at approximately $1,604,000. State Street Corp raised its stake in A10 Networks by 8.2% in the fourth quarter. State Street Corp now owns 743,685 shares of the communications equipment provider’s stock valued at $6,178,000 after buying an additional 56,483 shares in the last quarter. Allianz Asset Management AG raised its stake in A10 Networks by 207.9% in the fourth quarter. Allianz Asset Management AG now owns 196,535 shares of the communications equipment provider’s stock valued at $1,633,000 after buying an additional 132,710 shares in the last quarter. Renaissance Technologies LLC raised its stake in A10 Networks by 10.4% in the fourth quarter. Renaissance Technologies LLC now owns 2,164,400 shares of the communications equipment provider’s stock valued at $17,986,000 after buying an additional 204,000 shares in the last quarter. Finally, A.R.T. Advisors LLC purchased a new position in shares of A10 Networks during the fourth quarter valued at $112,000. Institutional investors and hedge funds own 57.77% of the company’s stock.
A number of equities research analysts have recently commented on ATEN shares. Zacks Investment Research cut shares of A10 Networks from a “hold” rating to a “sell” rating in a research report on Monday, March 27th. Bank of America Corporation reduced their target price on shares of A10 Networks from $10.00 to $8.50 and set a “buy” rating for the company in a research report on Friday. DA Davidson increased their target price on shares of A10 Networks to $9.00 and gave the company a “buy” rating in a research report on Friday. Finally, KeyCorp cut shares of A10 Networks from an “overweight” rating to a “sector weight” rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $9.60.
About A10 Networks
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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