Shares of A10 Networks Inc (NYSE:ATEN) have been given an average rating of “Hold” by the seven brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $9.33.

A number of equities analysts have issued reports on the company. BidaskClub raised A10 Networks from a “sell” rating to a “hold” rating in a report on Saturday, September 30th. Zacks Investment Research cut A10 Networks from a “buy” rating to a “hold” rating in a report on Monday.

In other A10 Networks news, EVP Raymond J. Smets sold 6,945 shares of the company’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $7.67, for a total value of $53,268.15. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Lee Chen sold 25,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $7.71, for a total value of $192,750.00. The disclosure for this sale can be found here. Insiders sold a total of 385,748 shares of company stock worth $2,946,617 in the last quarter. Corporate insiders own 31.57% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC boosted its position in shares of A10 Networks by 25.9% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 44,535 shares of the communications equipment provider’s stock valued at $337,000 after purchasing an additional 9,149 shares in the last quarter. Jane Street Group LLC acquired a new position in A10 Networks during the 3rd quarter worth approximately $317,000. Royce & Associates LP raised its stake in A10 Networks by 15.0% during the 3rd quarter. Royce & Associates LP now owns 821,500 shares of the communications equipment provider’s stock worth $6,211,000 after buying an additional 106,976 shares during the period. Allianz Asset Management GmbH raised its stake in A10 Networks by 141.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 241,850 shares of the communications equipment provider’s stock worth $1,828,000 after buying an additional 141,835 shares during the period. Finally, Engineers Gate Manager LP acquired a new position in A10 Networks during the 3rd quarter worth approximately $345,000. Institutional investors own 57.80% of the company’s stock.

A10 Networks (NYSE:ATEN) opened at $7.74 on Friday. A10 Networks has a fifty-two week low of $6.02 and a fifty-two week high of $9.94. The company has a market capitalization of $546.20, a price-to-earnings ratio of -30.96 and a beta of 1.14.

A10 Networks (NYSE:ATEN) last issued its earnings results on Thursday, October 26th. The communications equipment provider reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. A10 Networks had a negative return on equity of 17.63% and a negative net margin of 6.94%. The business had revenue of $61.40 million during the quarter, compared to analysts’ expectations of $59.46 million. The business’s revenue was up 11.4% on a year-over-year basis. equities research analysts anticipate that A10 Networks will post -0.21 earnings per share for the current year.

A10 Networks announced that its board has approved a share repurchase plan on Thursday, October 26th that authorizes the company to repurchase 20,000,000 outstanding shares. This repurchase authorization authorizes the communications equipment provider to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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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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