A10 Networks (NYSE:ATEN) Stock Rating Upgraded by ValuEngine
Separately, Zacks Investment Research upgraded Investar from a hold rating to a buy rating and set a $27.00 target price for the company in a research report on Tuesday, June 4th.
A10 Networks stock opened at $7.57 on Wednesday. A10 Networks has a 52 week low of $5.51 and a 52 week high of $7.94. The business’s 50-day simple moving average is $6.67.
In other news, CFO Thomas Constantino sold 15,492 shares of the company’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $6.98, for a total value of $108,134.16. Following the completion of the transaction, the chief financial officer now directly owns 210,816 shares in the company, valued at approximately $1,471,495.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 25,219 shares of company stock valued at $170,776 over the last quarter. Company insiders own 28.87% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of ATEN. Meeder Asset Management Inc. boosted its holdings in shares of A10 Networks by 69.8% in the 1st quarter. Meeder Asset Management Inc. now owns 4,260 shares of the communications equipment provider’s stock worth $31,000 after purchasing an additional 1,751 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd boosted its holdings in shares of A10 Networks by 102.9% in the 1st quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 8,444 shares of the communications equipment provider’s stock worth $59,000 after purchasing an additional 4,282 shares in the last quarter. American Century Companies Inc. purchased a new position in shares of A10 Networks in the 4th quarter worth about $73,000. BNP Paribas Arbitrage SA lifted its stake in shares of A10 Networks by 27,032.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 10,853 shares of the communications equipment provider’s stock valued at $77,000 after acquiring an additional 10,813 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of A10 Networks in the 1st quarter valued at about $83,000. Hedge funds and other institutional investors own 65.90% of the company’s stock.
A10 Networks Company Profile
A10 Networks, Inc provides software and hardware solutions in the United States, Japan, other Asia Pacific and EMEA countries, and internationally. The company offers Thunder application delivery controller (ADC) that provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to boost the delivery and security of applications and micro services; and Thunder carrier grade network address translation product, which offers network address and protocol translation services for service provider networks.
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