Robert D. Cochran Sells 8,000 Shares of A10 Networks, Inc. (NYSE:ATEN) Stock
A10 Networks, Inc. (NYSE:ATEN) EVP Robert D. Cochran sold 8,000 shares of A10 Networks stock in a transaction on Monday, August 7th. The stock was sold at an average price of $6.76, for a total transaction of $54,080.00. Following the completion of the transaction, the executive vice president now directly owns 181,662 shares in the company, valued at $1,228,035.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of A10 Networks, Inc. (ATEN) traded down 1.33% on Tuesday, reaching $6.70. 438,582 shares of the company’s stock were exchanged. The company’s 50 day moving average is $7.64 and its 200-day moving average is $8.44. A10 Networks, Inc. has a one year low of $6.09 and a one year high of $10.87. The stock’s market cap is $395.50 million.
A10 Networks (NYSE:ATEN) last issued its quarterly earnings results on Thursday, July 27th. The communications equipment provider reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.06. The company had revenue of $53.69 million during the quarter, compared to the consensus estimate of $52.99 million. A10 Networks had a negative return on equity of 20.33% and a negative net margin of 8.00%. A10 Networks’s revenue was down 6.0% on a year-over-year basis. During the same period last year, the company earned ($0.02) earnings per share. On average, analysts anticipate that A10 Networks, Inc. will post ($0.08) EPS for the current year.
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A number of hedge funds have recently modified their holdings of the company. State Street Corp increased its stake in shares of A10 Networks by 8.2% in the fourth quarter. State Street Corp now owns 743,685 shares of the communications equipment provider’s stock worth $6,178,000 after buying an additional 56,483 shares in the last quarter. Teachers Advisors LLC raised its stake in A10 Networks by 133.0% in the fourth quarter. Teachers Advisors LLC now owns 281,733 shares of the communications equipment provider’s stock worth $2,341,000 after buying an additional 160,815 shares during the last quarter. Highbridge Capital Management LLC raised its stake in A10 Networks by 34.5% in the fourth quarter. Highbridge Capital Management LLC now owns 24,888 shares of the communications equipment provider’s stock worth $207,000 after buying an additional 6,386 shares during the last quarter. Capital Impact Advisors LLC acquired a new stake in A10 Networks during the first quarter worth $1,388,000. Finally, Boston Advisors LLC acquired a new stake in A10 Networks during the first quarter worth $799,000. Institutional investors own 57.00% of the company’s stock.
ATEN has been the topic of several analyst reports. BidaskClub downgraded shares of A10 Networks from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Zacks Investment Research downgraded shares of A10 Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. ValuEngine downgraded shares of A10 Networks from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. KeyCorp downgraded shares of A10 Networks from an “overweight” rating to a “sector weight” rating in a research note on Friday, July 14th. Finally, DA Davidson lifted their target price on shares of A10 Networks to $9.00 and gave the stock a “buy” rating in a research note on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. A10 Networks currently has a consensus rating of “Hold” and an average price target of $9.60.
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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