Geode Capital Management LLC Acquires 10,372 Shares of A10 Networks, Inc. (ATEN)
Geode Capital Management LLC raised its stake in A10 Networks, Inc. (NYSE:ATEN) by 3.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 357,566 shares of the communications equipment provider’s stock after buying an additional 10,372 shares during the period. Geode Capital Management LLC owned about 0.61% of A10 Networks worth $3,271,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC acquired a new stake in A10 Networks during the first quarter valued at approximately $107,000. Airain ltd acquired a new stake in A10 Networks during the first quarter valued at approximately $112,000. US Bancorp DE raised its stake in A10 Networks by 618.0% in the first quarter. US Bancorp DE now owns 15,939 shares of the communications equipment provider’s stock valued at $146,000 after buying an additional 13,719 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in A10 Networks during the first quarter valued at approximately $203,000. Finally, American International Group Inc. raised its stake in A10 Networks by 7.1% in the first quarter. American International Group Inc. now owns 27,138 shares of the communications equipment provider’s stock valued at $248,000 after buying an additional 1,792 shares in the last quarter. Institutional investors and hedge funds own 53.59% of the company’s stock.
A10 Networks, Inc. (NYSE:ATEN) traded down 0.82% during mid-day trading on Monday, reaching $6.08. 288,474 shares of the company were exchanged. A10 Networks, Inc. has a 12 month low of $6.04 and a 12 month high of $10.86. The company’s market cap is $358.90 million. The stock’s 50-day moving average is $7.06 and its 200-day moving average is $8.32.
A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Thursday, July 27th. The communications equipment provider reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.06. A10 Networks had a negative return on equity of 20.33% and a negative net margin of 8.00%. The company had revenue of $53.69 million for the quarter, compared to analyst estimates of $52.99 million. During the same quarter last year, the firm earned ($0.02) EPS. A10 Networks’s revenue for the quarter was down 6.0% compared to the same quarter last year. Equities analysts expect that A10 Networks, Inc. will post ($0.08) earnings per share for the current year.
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A number of research analysts have issued reports on the stock. Bank of America Corporation reduced their target price on shares of A10 Networks from $10.00 to $8.50 and set a “buy” rating on the stock in a report on Friday, July 14th. DA Davidson upped their target price on shares of A10 Networks to $9.00 and gave the company a “buy” rating in a report on Friday, July 14th. Zacks Investment Research lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th. KeyCorp lowered shares of A10 Networks from an “overweight” rating to a “sector weight” rating in a report on Friday, July 14th. Finally, ValuEngine lowered shares of A10 Networks from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $9.60.
In other news, VP Neil Wu Becker sold 5,156 shares of A10 Networks stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $6.50, for a total transaction of $33,514.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Robert D. Cochran sold 5,000 shares of A10 Networks stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $8.13, for a total value of $40,650.00. Following the sale, the executive vice president now directly owns 189,662 shares in the company, valued at approximately $1,541,952.06. The disclosure for this sale can be found here. Insiders have sold a total of 353,156 shares of company stock worth $2,680,244 in the last three months. 34.05% of the stock is owned by insiders.
A10 Networks Company Profile
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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