A10 Networks, Inc. (NYSE:ATEN) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “A10 Networks, Inc. provides software based application networking solutions. Its solutions enable enterprises, service providers, Web giants, and government organizations to enhance, secure, and optimize the performance of their data center applications and networks. The company delivers its solutions on optimized hardware appliances and as virtual appliances across its Thunder Series and AX Series product families. A10 Networks, Inc. is headquartered in San Jose, California. “

A number of other brokerages also recently commented on ATEN. BidaskClub upgraded shares of A10 Networks from a “sell” rating to a “hold” rating in a research note on Saturday, September 30th. ValuEngine downgraded shares of A10 Networks from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Bank of America Corporation lowered their target price on shares of A10 Networks from $10.00 to $8.50 and set a “buy” rating for the company in a research note on Friday, July 14th. 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 boosted 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.75.

A10 Networks (NYSE:ATEN) traded down 0.39% during mid-day trading on Tuesday, hitting $7.60. The stock had a trading volume of 306,328 shares. The stock’s market cap is $448.63 million. The firm has a 50-day moving average of $6.94 and a 200-day moving average of $7.67. A10 Networks has a 52-week low of $6.02 and a 52-week high of $9.94.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Thursday, July 27th. The communications equipment provider reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $53.69 million for the quarter, compared to analyst estimates of $52.99 million. During the same quarter in the prior year, the company earned ($0.02) earnings per share. The company’s revenue was down 6.0% on a year-over-year basis. On average, analysts forecast that A10 Networks will post ($0.03) EPS for the current fiscal year.

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In other A10 Networks news, CEO Lee Chen sold 25,000 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $6.09, for a total value of $152,250.00. Following the completion of the transaction, the chief executive officer now owns 10,461,538 shares in the company, valued at $63,710,766.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Raymond J. Smets sold 6,945 shares of the company’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $7.67, for a total transaction of $53,268.15. The disclosure for this sale can be found here. In the last quarter, insiders have sold 365,146 shares of company stock valued at $2,466,549. Insiders own 34.05% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Gotham Asset Management LLC acquired a new position in A10 Networks in the first quarter valued at $103,000. Tudor Investment Corp ET AL boosted its stake in A10 Networks by 74.5% in the first quarter. Tudor Investment Corp ET AL now owns 45,900 shares of the communications equipment provider’s stock valued at $420,000 after acquiring an additional 19,590 shares in the last quarter. Highbridge Capital Management LLC boosted its stake in 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 acquiring an additional 31,000 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, Renaissance Technologies LLC boosted its stake in A10 Networks by 2.6% in the first quarter. Renaissance Technologies LLC now owns 2,220,700 shares of the communications equipment provider’s stock valued at $20,319,000 after acquiring an additional 56,300 shares in the last quarter. 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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