A10 Networks Inc (NYSE:ATEN) EVP Robert D. Cochran sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, April 5th. The stock was sold at an average price of $8.99, for a total transaction of $44,950.00. Following the completion of the transaction, the executive vice president now directly owns 203,162 shares in the company, valued at approximately $1,826,426.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
A10 Networks Inc (NYSE:ATEN) traded up 0.34% on Friday, hitting $8.81. 222,158 shares of the company were exchanged. The stock has a 50 day moving average price of $9.05 and a 200 day moving average price of $8.73. A10 Networks Inc has a one year low of $5.87 and a one year high of $10.86. The firm’s market cap is $520.05 million.
A10 Networks (NYSE:ATEN) last released its quarterly earnings data on Thursday, February 9th. The communications equipment provider reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. The company earned $64 million during the quarter, compared to analyst estimates of $60.87 million. A10 Networks had a negative net margin of 9.10% and a negative return on equity of 24.79%. A10 Networks’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.06) EPS. On average, equities research analysts forecast that A10 Networks Inc will post $0.11 EPS for the current fiscal year.
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ATEN has been the topic of several analyst reports. Dougherty & Co raised their price target on shares of A10 Networks from $10.00 to $10.50 and gave the company a “buy” rating in a research note on Friday, February 10th. Zacks Investment Research lowered shares of A10 Networks from a “hold” rating to a “sell” rating in a research note on Thursday, February 16th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. A10 Networks presently has an average rating of “Hold” and an average target price of $9.30.
Several hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its stake in A10 Networks by 10.4% in the fourth quarter. Renaissance Technologies LLC now owns 2,164,400 shares of the communications equipment provider’s stock valued at $17,986,000 after buying an additional 204,000 shares in the last quarter. JPMorgan Chase & Co. raised its stake in A10 Networks by 248.5% in the third quarter. JPMorgan Chase & Co. now owns 1,489,555 shares of the communications equipment provider’s stock valued at $15,924,000 after buying an additional 1,062,097 shares in the last quarter. Divisar Capital Management LLC bought a new stake in A10 Networks during the fourth quarter valued at $7,309,000. State Street Corp raised its stake in A10 Networks by 8.2% in the fourth quarter. State Street Corp now owns 743,685 shares of the communications equipment provider’s stock valued at $6,178,000 after buying an additional 56,483 shares in the last quarter. Finally, BlackRock Advisors LLC raised its stake in A10 Networks by 323.2% in the third quarter. BlackRock Advisors LLC now owns 684,097 shares of the communications equipment provider’s stock valued at $7,313,000 after buying an additional 522,447 shares in the last quarter. Institutional investors own 54.05% 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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