Renaissance Technologies LLC lifted its stake in A10 Networks, Inc. (NYSE:ATEN) by 7.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,385,600 shares of the communications equipment provider’s stock after purchasing an additional 164,900 shares during the period. Renaissance Technologies LLC owned approximately 4.04% of A10 Networks worth $20,134,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ATEN. Wells Fargo & Company MN lifted its stake in shares of A10 Networks by 28.3% in the first quarter. Wells Fargo & Company MN now owns 160,519 shares of the communications equipment provider’s stock valued at $1,468,000 after purchasing an additional 35,385 shares during the period. US Bancorp DE lifted its stake in shares of 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 purchasing an additional 13,719 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of A10 Networks by 4.0% in the first quarter. Bank of New York Mellon Corp now owns 209,963 shares of the communications equipment provider’s stock valued at $1,921,000 after purchasing an additional 8,036 shares during the period. Swiss National Bank lifted its stake in shares of A10 Networks by 7.5% in the first quarter. Swiss National Bank now owns 77,500 shares of the communications equipment provider’s stock valued at $709,000 after purchasing an additional 5,400 shares during the period. Finally, American International Group Inc. lifted its stake in shares of 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 purchasing an additional 1,792 shares during the period. Hedge funds and other institutional investors own 56.51% of the company’s stock.

In other news, EVP Robert D. Cochran sold 8,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $7.63, for a total transaction of $61,040.00. Following the completion of the transaction, the executive vice president now owns 165,662 shares in the company, valued at approximately $1,264,001.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Lee Chen sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $6.09, for a total transaction of $152,250.00. Following the transaction, the chief executive officer now owns 10,461,538 shares of the company’s stock, valued at approximately $63,710,766.42. The disclosure for this sale can be found here. Insiders sold a total of 358,201 shares of company stock valued at $2,397,530 in the last quarter. 34.05% of the stock is currently owned by insiders.

ATEN has been the subject of several recent analyst reports. 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 note on Friday, July 14th. DA Davidson raised their price objective on shares of A10 Networks to $9.00 and gave the company a “buy” rating in a research note on Friday, July 14th. BidaskClub upgraded shares of A10 Networks from a “sell” rating to a “hold” rating in a research note on Saturday, September 30th. KeyCorp cut shares of A10 Networks from an “overweight” rating to a “sector weight” rating in a research note on Friday, July 14th. Finally, ValuEngine cut shares of A10 Networks from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $9.75.

TRADEMARK VIOLATION WARNING: This news story was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/10/12/a10-networks-inc-aten-position-increased-by-renaissance-technologies-llc.html.

Shares of A10 Networks, Inc. (NYSE:ATEN) opened at 7.63 on Thursday. The firm’s market cap is $450.40 million. A10 Networks, Inc. has a 52 week low of $6.02 and a 52 week high of $10.06. The company has a 50 day moving average of $6.83 and a 200 day moving average of $7.70.

A10 Networks (NYSE:ATEN) last announced its earnings results on Thursday, July 27th. The communications equipment provider reported ($0.04) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.06. The firm had revenue of $53.69 million during the quarter, compared to analyst estimates of $52.99 million. A10 Networks had a negative net margin of 8.00% and a negative return on equity of 20.33%. A10 Networks’s revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.02) EPS. On average, equities research analysts anticipate that A10 Networks, Inc. will post ($0.05) EPS for the current fiscal year.

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.

Institutional Ownership by Quarter for A10 Networks (NYSE:ATEN)

Receive News & Stock Ratings for A10 Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A10 Networks Inc. and related stocks with our FREE daily email newsletter.