A10 Networks Inc. (ATEN) VP Sells $69,580.00 in Stock
A10 Networks Inc. (NYSE:ATEN) VP Robert D. Cochran sold 7,000 shares of the stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $9.94, for a total value of $69,580.00. Following the completion of the transaction, the vice president now owns 139,728 shares in the company, valued at approximately $1,388,896.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Robert D. Cochran also recently made the following trade(s):
- On Monday, July 11th, Robert D. Cochran sold 5,000 shares of A10 Networks stock. The stock was sold at an average price of $7.00, for a total value of $35,000.00.
Shares of A10 Networks Inc. (NYSE:ATEN) opened at 9.92 on Friday. The company’s market cap is $585.58 million. The firm’s 50-day moving average price is $10.15 and its 200-day moving average price is $7.55. A10 Networks Inc. has a 12 month low of $4.84 and a 12 month high of $10.87.
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A10 Networks (NYSE:ATEN) last issued its earnings results on Thursday, July 28th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.03. A10 Networks had a negative return on equity of 37.97% and a negative net margin of 14.10%. The firm had revenue of $57.10 million for the quarter, compared to analysts’ expectations of $56.07 million. During the same quarter last year, the business earned ($0.09) earnings per share. The company’s revenue was up 20.2% compared to the same quarter last year. Equities analysts predict that A10 Networks Inc. will post ($0.09) EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of ATEN. Schwab Charles Investment Management Inc. boosted its position in A10 Networks by 25.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 124,292 shares of the company’s stock valued at $805,000 after buying an additional 25,448 shares during the period. American Century Companies Inc. acquired a new position in A10 Networks during the second quarter valued at $589,000. Lyon Street Capital LLC boosted its position in A10 Networks by 20.0% in the second quarter. Lyon Street Capital LLC now owns 627,091 shares of the company’s stock valued at $4,057,000 after buying an additional 104,313 shares during the period. Panagora Asset Management Inc. boosted its position in A10 Networks by 212.3% in the second quarter. Panagora Asset Management Inc. now owns 45,667 shares of the company’s stock valued at $295,000 after buying an additional 31,046 shares during the period. Finally, Menta Capital LLC boosted its position in A10 Networks by 117.5% in the second quarter. Menta Capital LLC now owns 113,688 shares of the company’s stock valued at $736,000 after buying an additional 61,426 shares during the period. Hedge funds and other institutional investors own 46.70% of the company’s stock.
A number of equities analysts recently commented on ATEN shares. Zacks Investment Research downgraded A10 Networks from a “buy” rating to a “hold” rating in a report on Wednesday, September 28th. Dougherty & Co increased their price objective on A10 Networks from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Monday, August 29th. DA Davidson downgraded A10 Networks from a “buy” rating to a “neutral” rating and set a $11.50 price objective on the stock. in a report on Wednesday. They noted that the move was a valuation call. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $9.00 price objective (up previously from $8.00) on shares of A10 Networks in a report on Tuesday, August 2nd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. A10 Networks presently has an average rating of “Buy” and an average target price of $9.17.
A10 Networks Company Profile
A10 Networks, Inc is a provider of application networking and network security technologies. The Company’s solutions enable enterprises, service providers, Web companies and government organizations to secure and optimize the performance of their data center applications, and secure their users, applications and infrastructure from Internet, Web and network threats at scale.
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