A10 Networks, Inc. (NYSE:ATEN) had its price target lifted by investment analysts at DA Davidson to $9.00 in a research report issued to clients and investors on Friday, MarketBeat reports. The firm currently has a “buy” rating on the communications equipment provider’s stock. DA Davidson’s price target would indicate a potential upside of 29.31% from the company’s previous close.

Several other analysts also recently weighed in on ATEN. KeyCorp downgraded A10 Networks from an “overweight” rating to a “sector weight” rating in a research report on Friday. Zacks Investment Research upgraded A10 Networks from a “sell” rating to a “hold” rating in a research report on Monday, April 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $9.60.

A10 Networks (NYSE ATEN) traded down 0.71% during trading on Friday, hitting $6.96. 852,905 shares of the stock were exchanged. The company has a 50-day moving average price of $8.39 and a 200 day moving average price of $8.65. The firm’s market capitalization is $410.85 million. A10 Networks has a 1-year low of $6.35 and a 1-year high of $10.86.

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In other A10 Networks news, CEO Lee Chen sold 25,000 shares of A10 Networks stock in a transaction dated Thursday, April 20th. The stock was sold at an average price of $8.78, for a total value of $219,500.00. Following the transaction, the chief executive officer now owns 10,911,538 shares in the company, valued at $95,803,303.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Raymond J. Smets sold 6,890 shares of A10 Networks stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $8.16, for a total value of $56,222.40. Following the completion of the transaction, the executive vice president now owns 169,060 shares in the company, valued at approximately $1,379,529.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 312,702 shares of company stock worth $2,599,596. Insiders own 34.05% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. bought a new position in A10 Networks during the fourth quarter valued at about $1,604,000. Putnam Investments LLC raised its position in A10 Networks by 1.9% in the fourth quarter. Putnam Investments LLC now owns 79,778 shares of the communications equipment provider’s stock valued at $663,000 after buying an additional 1,475 shares during the period. Alambic Investment Management L.P. raised its position in A10 Networks by 191.1% in the first quarter. Alambic Investment Management L.P. now owns 153,404 shares of the communications equipment provider’s stock valued at $1,404,000 after buying an additional 100,704 shares during the period. Boston Advisors LLC bought a new position in A10 Networks during the first quarter valued at about $799,000. Finally, Airain ltd bought a new position in A10 Networks during the first quarter valued at about $112,000. Institutional investors own 57.69% of the company’s stock.

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.

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