A10 Networks, Inc. (NYSE:ATEN) EVP Robert D. Cochran sold 8,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $7.63, for a total value of $61,040.00. Following the completion of the sale, the executive vice president now directly owns 165,662 shares in the company, valued at $1,264,001.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

A10 Networks, Inc. (NYSE ATEN) traded down 0.52% during mid-day trading on Tuesday, reaching $7.61. 657,706 shares of the company’s stock traded hands. A10 Networks, Inc. has a 1-year low of $6.02 and a 1-year high of $10.28. The firm has a 50 day moving average of $6.59 and a 200 day moving average of $7.76. The firm’s market cap is $449.22 million.

A10 Networks (NYSE:ATEN) last released its quarterly earnings data on Thursday, July 27th. The communications equipment provider reported ($0.04) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.06. A10 Networks had a negative return on equity of 20.33% and a negative net margin of 8.00%. The company had revenue of $53.69 million during the quarter, compared to analysts’ expectations of $52.99 million. During the same period last year, the firm posted ($0.02) earnings per share. The business’s revenue was down 6.0% on a year-over-year basis. Analysts forecast that A10 Networks, Inc. will post ($0.06) EPS for the current year.

COPYRIGHT VIOLATION WARNING: This story was published by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/10/03/a10-networks-inc-aten-evp-robert-d-cochran-sells-8000-shares-2.html.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Gotham Asset Management LLC bought a new stake in A10 Networks in the 1st quarter valued at $103,000. Tudor Investment Corp ET AL boosted its position in A10 Networks by 74.5% during the first quarter. Tudor Investment Corp ET AL now owns 45,900 shares of the communications equipment provider’s stock worth $420,000 after purchasing an additional 19,590 shares during the period. Airain ltd acquired a new position in shares of A10 Networks in the first quarter valued at $112,000. Highbridge Capital Management LLC increased its holdings in shares of A10 Networks by 124.6% in the first quarter. Highbridge Capital Management LLC now owns 55,888 shares of the communications equipment provider’s stock valued at $512,000 after purchasing an additional 31,000 shares during the last quarter. Finally, US Bancorp DE increased its holdings 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 purchasing an additional 13,719 shares during the last quarter. Institutional investors and hedge funds own 56.51% of the company’s stock.

Several equities analysts recently weighed in on the company. BidaskClub raised A10 Networks from a “sell” rating to a “hold” rating in a research report on Saturday. ValuEngine downgraded A10 Networks from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Zacks Investment Research lowered A10 Networks from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Bank of America Corporation lowered their target price on A10 Networks from $10.00 to $8.50 and set a “buy” rating on the stock in a report on Friday, July 14th. Finally, DA Davidson lifted their price target on A10 Networks to $9.00 and gave the stock a “buy” rating in a research report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price 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.

Insider Buying and Selling by Quarter for A10 Networks (NYSE:ATEN)

Receive News & Ratings for A10 Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A10 Networks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.