A10 Networks Inc (NYSE:ATEN) VP Gunter Reiss sold 2,639 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $7.15, for a total transaction of $18,868.85. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
ATEN traded down $0.07 during trading on Friday, hitting $7.26. 180,220 shares of the company’s stock were exchanged, compared to its average volume of 402,053. The business’s 50 day moving average is $6.79 and its two-hundred day moving average is $6.82. A10 Networks Inc has a fifty-two week low of $5.72 and a fifty-two week high of $8.29. The stock has a market cap of $546.95 million, a P/E ratio of -33.00 and a beta of 0.76.
A10 Networks (NYSE:ATEN) last released its quarterly earnings data on Tuesday, October 29th. The communications equipment provider reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. A10 Networks had a negative net margin of 9.10% and a negative return on equity of 18.06%. The firm had revenue of $52.83 million for the quarter. As a group, research analysts expect that A10 Networks Inc will post -0.22 earnings per share for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ATEN. First Trust Advisors LP grew its stake in shares of A10 Networks by 34.5% in the 3rd quarter. First Trust Advisors LP now owns 373,511 shares of the communications equipment provider’s stock worth $2,592,000 after acquiring an additional 95,829 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of A10 Networks by 11.3% in the 3rd quarter. California Public Employees Retirement System now owns 212,320 shares of the communications equipment provider’s stock worth $1,474,000 after acquiring an additional 21,624 shares in the last quarter. Chicago Equity Partners LLC bought a new stake in shares of A10 Networks in the 3rd quarter worth $300,000. Dupont Capital Management Corp bought a new stake in shares of A10 Networks in the 3rd quarter worth $867,000. Finally, State of New Jersey Common Pension Fund D bought a new stake in shares of A10 Networks in the 3rd quarter worth $2,278,000. Hedge funds and other institutional investors own 68.41% of the company’s stock.
A number of research firms recently issued reports on ATEN. Zacks Investment Research downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. ValuEngine upgraded shares of A10 Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, TheStreet upgraded shares of A10 Networks from a “d+” rating to a “c-” rating in a report on Wednesday.
About A10 Networks
A10 Networks, Inc provides software and hardware solutions in the United States, Japan, other Asia Pacific and EMEA countries, and internationally. The company offers Thunder application delivery controller (ADC) that provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to boost the delivery and security of applications and micro services; and Thunder carrier grade network address translation product, which offers network address and protocol translation services for service provider networks.
Further Reading: Average Daily Trade Volume – ADTV
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