Raymond J. Smets Sells 13,890 Shares of A10 Networks, Inc. (ATEN) Stock
A10 Networks, Inc. (NYSE:ATEN) EVP Raymond J. Smets sold 13,890 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $7.53, for a total value of $104,591.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
A10 Networks, Inc. (ATEN) opened at 7.61 on Wednesday. A10 Networks, Inc. has a one year low of $6.02 and a one year high of $10.28. The firm’s 50 day moving average price is $6.59 and its 200-day moving average price is $7.76. The firm’s market cap is $449.22 million.
A10 Networks (NYSE:ATEN) last released its earnings results on Thursday, July 27th. The communications equipment provider reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.06. The company had revenue of $53.69 million during the quarter, compared to the consensus estimate of $52.99 million. A10 Networks had a negative return on equity of 20.33% and a negative net margin of 8.00%. A10 Networks’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.02) earnings per share. Equities analysts predict that A10 Networks, Inc. will post ($0.06) EPS for the current fiscal year.
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ATEN has been the topic of a number of research analyst reports. DA Davidson lifted their price target on shares of A10 Networks to $9.00 and gave the company a “buy” rating in a research note on Friday, July 14th. Zacks Investment Research lowered shares of A10 Networks from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. KeyCorp cut shares of A10 Networks from an “overweight” rating to a “sector weight” rating in a research report on Friday, July 14th. BidaskClub upgraded shares of A10 Networks from a “strong sell” rating to a “sell” rating in a research report on Friday, September 15th. Finally, Bank of America Corporation reduced their price objective 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, July 14th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. A10 Networks currently has an average rating of “Hold” and an average price target of $9.60.
Several institutional investors and hedge funds have recently made changes to their positions in ATEN. Vanguard Group Inc. lifted its stake in shares of A10 Networks by 6.9% in the second quarter. Vanguard Group Inc. now owns 3,608,991 shares of the communications equipment provider’s stock valued at $30,461,000 after purchasing an additional 234,230 shares during the period. Renaissance Technologies LLC boosted its holdings in A10 Networks by 7.4% during the second quarter. Renaissance Technologies LLC now owns 2,385,600 shares of the communications equipment provider’s stock worth $20,134,000 after buying an additional 164,900 shares in the last quarter. ETF Managers Group LLC purchased a new stake in A10 Networks during the second quarter worth about $17,876,000. Divisar Capital Management LLC boosted its holdings in A10 Networks by 28.5% during the second quarter. Divisar Capital Management LLC now owns 1,437,849 shares of the communications equipment provider’s stock worth $12,135,000 after buying an additional 319,179 shares in the last quarter. Finally, State Street Corp boosted its holdings in A10 Networks by 4.1% during the second quarter. State Street Corp now owns 911,240 shares of the communications equipment provider’s stock worth $7,693,000 after buying an additional 36,263 shares in the last quarter. Institutional investors and hedge funds own 56.51% of the company’s stock.
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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