A10 Networks, Inc. (NYSE:ATEN) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Friday.

A number of other brokerages have also commented on ATEN. Zacks Investment Research lowered shares of A10 Networks from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. ValuEngine lowered shares of A10 Networks from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. KeyCorp lowered shares of A10 Networks from an “overweight” rating to a “sector weight” rating in a research report on Friday, July 14th. DA Davidson raised their target price on shares of A10 Networks to $9.00 and gave the stock a “buy” rating in a research report on Friday, July 14th. Finally, Bank of America Corporation reduced their target price on shares of A10 Networks from $10.00 to $8.50 and set a “buy” rating on the stock in a research report on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $9.60.

A10 Networks (NYSE ATEN) traded down 4.49% during mid-day trading on Friday, reaching $6.60. The company’s stock had a trading volume of 2,613,898 shares. The firm’s 50 day moving average is $6.56 and its 200-day moving average is $7.98. A10 Networks has a one year low of $6.02 and a one year high of $10.87. The stock’s market cap is $389.60 million.

A10 Networks (NYSE:ATEN) last issued its earnings results on Thursday, July 27th. The communications equipment provider reported ($0.04) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.06. The business had revenue of $53.69 million for the quarter, compared to analyst estimates of $52.99 million. A10 Networks had a negative net margin of 8.00% and a negative return on equity of 20.33%. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period last year, the company posted ($0.02) earnings per share. Equities analysts expect that A10 Networks will post ($0.08) earnings per share for the current fiscal year.

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In other news, VP Neil Wu Becker sold 5,156 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $6.50, for a total transaction of $33,514.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Robert D. Cochran sold 5,000 shares of the stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $8.13, for a total transaction of $40,650.00. Following the transaction, the executive vice president now owns 189,662 shares in the company, valued at $1,541,952.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 341,311 shares of company stock worth $2,406,049. Insiders own 34.05% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATEN. Teachers Advisors LLC boosted its stake in shares of A10 Networks by 133.0% during the fourth quarter. Teachers Advisors LLC now owns 281,733 shares of the communications equipment provider’s stock valued at $2,341,000 after purchasing an additional 160,815 shares in the last quarter. Wells Fargo & Company MN boosted its stake in A10 Networks by 28.3% in the first quarter. Wells Fargo & Company MN now owns 160,519 shares of the communications equipment provider’s stock valued at $1,468,000 after acquiring an additional 35,385 shares in the last quarter. American Century Companies Inc. boosted its stake in A10 Networks by 2.5% in the first quarter. American Century Companies Inc. now owns 76,115 shares of the communications equipment provider’s stock valued at $696,000 after acquiring an additional 1,870 shares in the last quarter. US Bancorp DE boosted its stake in 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 acquiring an additional 13,719 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in A10 Networks by 4.0% in the first quarter. Bank of New York Mellon Corp now owns 209,963 shares of the communications equipment provider’s stock valued at $1,921,000 after acquiring an additional 8,036 shares in the last quarter. Hedge funds and other institutional investors own 56.51% 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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