A10 Networks, Inc. (NYSE:ATEN) Receives Average Rating of “Hold” from Brokerages
Shares of A10 Networks, Inc. (NYSE:ATEN) have been given an average recommendation of “Hold” by the nine ratings firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $9.75.
Several equities analysts recently commented on ATEN shares. BidaskClub lowered A10 Networks from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Zacks Investment Research lowered A10 Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. ValuEngine lowered A10 Networks from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. KeyCorp lowered A10 Networks from an “overweight” rating to a “sector weight” rating in a research note on Friday, July 14th. Finally, DA Davidson upped their target price on A10 Networks to $9.00 and gave the company a “buy” rating in a research note on Friday, July 14th.
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In other A10 Networks news, EVP Robert D. Cochran sold 5,000 shares of the company’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $8.13, for a total transaction of $40,650.00. Following the completion of the sale, the executive vice president now directly owns 189,662 shares in the company, valued at $1,541,952.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lee Chen sold 25,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $8.15, for a total value of $203,750.00. Following the sale, the chief executive officer now owns 10,811,538 shares of the company’s stock, valued at $88,114,034.70. The disclosure for this sale can be found here. Insiders have sold 312,702 shares of company stock valued at $2,476,596 over the last 90 days. 34.05% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in ATEN. Campbell & CO Investment Adviser LLC raised its stake in shares of A10 Networks by 1.3% in the second quarter. Campbell & CO Investment Adviser LLC now owns 11,826 shares of the communications equipment provider’s stock valued at $100,000 after buying an additional 146 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in shares of A10 Networks during the first quarter valued at approximately $103,000. Airain ltd purchased a new stake in shares of A10 Networks during the first quarter valued at approximately $112,000. KCG Holdings Inc. purchased a new stake in shares of A10 Networks during the first quarter valued at approximately $115,000. Finally, US Bancorp DE raised its stake in shares of A10 Networks by 618.0% in the first quarter. US Bancorp DE now owns 15,939 shares of the communications equipment provider’s stock valued at $146,000 after buying an additional 13,719 shares in the last quarter. Institutional investors own 57.00% of the company’s stock.
A10 Networks (NYSE:ATEN) opened at 6.79 on Tuesday. The stock’s market capitalization is $400.81 million. A10 Networks has a 12-month low of $6.09 and a 12-month high of $10.86. The stock’s 50 day moving average price is $7.78 and its 200-day moving average price is $8.47.
A10 Networks (NYSE:ATEN) last released its earnings results on Thursday, July 27th. The communications equipment provider reported ($0.04) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.06. The firm had revenue of $53.69 million during the quarter, compared to analyst estimates of $52.99 million. A10 Networks had a negative return on equity of 20.33% and a negative net margin of 8.00%. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.02) earnings per share. Analysts expect that A10 Networks will post ($0.08) earnings per share for the current year.
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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