A10 Networks Inc (NYSE:ATEN) has received a consensus recommendation of “Hold” from the seven research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $9.13.

ATEN has been the subject of several research analyst reports. Zacks Investment Research raised A10 Networks from a “strong sell” rating to a “hold” rating and set a $8.50 price objective for the company in a research note on Tuesday, October 17th. BidaskClub raised A10 Networks from a “sell” rating to a “hold” rating in a research note on Saturday, September 30th.

A10 Networks (NYSE:ATEN) opened at $7.70 on Monday. A10 Networks has a twelve month low of $6.02 and a twelve month high of $9.94.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Thursday, October 26th. The communications equipment provider reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.04. A10 Networks had a negative return on equity of 17.63% and a negative net margin of 6.94%. The firm had revenue of $61.40 million during the quarter, compared to analyst estimates of $59.46 million. A10 Networks’s revenue was up 11.4% compared to the same quarter last year. equities analysts predict that A10 Networks will post -0.21 EPS for the current fiscal year.

A10 Networks announced that its board has authorized a share buyback plan on Thursday, October 26th that permits the company to buyback 20,000,000 outstanding shares. This buyback authorization permits the communications equipment provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

In other A10 Networks news, EVP Robert D. Cochran sold 8,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $7.63, for a total transaction of $61,040.00. Following the sale, the executive vice president now owns 165,662 shares in the company, valued at $1,264,001.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Neil Wu Becker sold 5,155 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $6.74, for a total value of $34,744.70. Following the sale, the vice president now owns 118,946 shares in the company, valued at approximately $801,696.04. The disclosure for this sale can be found here. Insiders have sold 387,793 shares of company stock worth $2,869,993 in the last 90 days. Company insiders own 31.57% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ATEN. ETF Managers Group LLC purchased a new stake in A10 Networks during the second quarter valued at about $17,876,000. Vanguard Group Inc. increased its holdings in shares of A10 Networks by 17.1% in the first quarter. Vanguard Group Inc. now owns 3,374,761 shares of the communications equipment provider’s stock worth $30,879,000 after buying an additional 493,877 shares during the period. Divisar Capital Management LLC increased its holdings in shares of A10 Networks by 28.5% in the second quarter. Divisar Capital Management LLC now owns 1,437,849 shares of the communications equipment provider’s stock worth $12,135,000 after buying an additional 319,179 shares during the period. Citadel Advisors LLC increased its holdings in shares of A10 Networks by 310.8% in the third quarter. Citadel Advisors LLC now owns 401,613 shares of the communications equipment provider’s stock worth $3,036,000 after buying an additional 303,847 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of A10 Networks by 7.4% in the second quarter. Renaissance Technologies LLC now owns 2,385,600 shares of the communications equipment provider’s stock worth $20,134,000 after buying an additional 164,900 shares during the period. Institutional investors and hedge funds own 57.96% of the company’s stock.

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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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