A10 Networks Inc (NYSE:ATEN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

According to Zacks, “A10 Networks, Inc. provides software based application networking solutions. Its solutions enable enterprises, service providers, Web giants, and government organizations to enhance, secure, and optimize the performance of their data center applications and networks. The company delivers its solutions on optimized hardware appliances and as virtual appliances across its Thunder Series and AX Series product families. A10 Networks, Inc. is headquartered in San Jose, California. “

Separately, Dougherty & Co lifted their price objective on A10 Networks from $10.00 to $10.50 and gave the stock a “buy” rating in a research note on Friday, February 10th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $9.30.

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Shares of A10 Networks (NYSE:ATEN) traded down 0.32% during mid-day trading on Monday, hitting $9.22. The stock had a trading volume of 230,209 shares. The firm has a 50 day moving average of $9.02 and a 200 day moving average of $8.94. The stock’s market cap is $544.26 million. A10 Networks has a one year low of $5.61 and a one year high of $10.86.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Thursday, February 9th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $64 million for the quarter, compared to analyst estimates of $60.87 million. A10 Networks had a negative return on equity of 24.79% and a negative net margin of 9.10%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.06) earnings per share. On average, analysts forecast that A10 Networks will post $0.11 earnings per share for the current year.

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In related news, VP Robert D. Cochran sold 5,000 shares of A10 Networks stock in a transaction dated Thursday, January 5th. The stock was sold at an average price of $8.56, for a total transaction of $42,800.00. Following the sale, the vice president now directly owns 122,228 shares of the company’s stock, valued at $1,046,271.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Lee Chen sold 25,000 shares of A10 Networks stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $9.24, for a total value of $231,000.00. Following the sale, the chief executive officer now directly owns 10,914,788 shares in the company, valued at $100,852,641.12. The disclosure for this sale can be found here. Insiders sold 80,000 shares of company stock worth $740,800 over the last quarter. 34.05% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in ATEN. BlackRock Advisors LLC increased its stake in A10 Networks by 323.2% in the third quarter. BlackRock Advisors LLC now owns 684,097 shares of the company’s stock worth $7,313,000 after buying an additional 522,447 shares during the period. Bogle Investment Management L P DE increased its stake in A10 Networks by 4.6% in the fourth quarter. Bogle Investment Management L P DE now owns 272,235 shares of the company’s stock worth $2,262,000 after buying an additional 12,077 shares during the period. GSA Capital Partners LLP increased its stake in A10 Networks by 3.8% in the fourth quarter. GSA Capital Partners LLP now owns 255,732 shares of the company’s stock worth $2,125,000 after buying an additional 9,291 shares during the period. SECOR Capital Advisors LP increased its stake in A10 Networks by 178.2% in the third quarter. SECOR Capital Advisors LP now owns 306,401 shares of the company’s stock worth $3,275,000 after buying an additional 196,246 shares during the period. Finally, Two Sigma Advisers LP increased its stake in A10 Networks by 229.9% in the third quarter. Two Sigma Advisers LP now owns 543,396 shares of the company’s stock worth $5,809,000 after buying an additional 378,696 shares during the period. 54.05% of the stock is currently owned by institutional investors and hedge funds.

About A10 Networks

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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