TIAA CREF Investment Management LLC Has $5.69 Million Position in A10 Networks, Inc. (NYSE:ATEN)

TIAA CREF Investment Management LLC reduced its stake in shares of A10 Networks, Inc. (NYSE:ATEN) by 1.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 621,498 shares of the communications equipment provider’s stock after selling 9,801 shares during the period. TIAA CREF Investment Management LLC owned 1.05% of A10 Networks worth $5,687,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ATEN. Penserra Capital Management LLC boosted its stake in A10 Networks by 5.3% in the first quarter. Penserra Capital Management LLC now owns 1,611,471 shares of the communications equipment provider’s stock valued at $14,744,000 after buying an additional 81,292 shares in the last quarter. Acadian Asset Management LLC boosted its stake in A10 Networks by 26.2% in the first quarter. Acadian Asset Management LLC now owns 950,865 shares of the communications equipment provider’s stock valued at $8,701,000 after buying an additional 197,699 shares in the last quarter. State Street Corp boosted 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. Teachers Advisors LLC boosted its stake in A10 Networks by 9.7% in the first quarter. Teachers Advisors LLC now owns 309,026 shares of the communications equipment provider’s stock valued at $2,828,000 after buying an additional 27,293 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in A10 Networks by 25.8% in the fourth quarter. AQR Capital Management LLC now owns 285,384 shares of the communications equipment provider’s stock valued at $2,372,000 after buying an additional 58,616 shares in the last quarter. Hedge funds and other institutional investors own 57.69% of the company’s stock.

A10 Networks, Inc. (NYSE:ATEN) opened at 7.01 on Tuesday. The firm’s market capitalization is $413.80 million. A10 Networks, Inc. has a 12 month low of $6.35 and a 12 month high of $10.86. The stock’s 50 day moving average price is $8.39 and its 200 day moving average price is $8.65.

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Several analysts recently commented on ATEN shares. Zacks Investment Research upgraded A10 Networks from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a research report on Friday, May 5th. KeyCorp cut A10 Networks from an “overweight” rating to a “sector weight” rating in a research report on Friday. DA Davidson raised their target price on A10 Networks to $9.00 and gave the company a “buy” rating in a research report on Friday. Finally, 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 research report on Friday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $9.60.

In related news, CEO Lee Chen sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $8.02, for a total value of $200,500.00. Following the completion of the transaction, the chief executive officer now owns 10,611,538 shares in the company, valued at approximately $85,104,534.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Raymond J. Smets sold 6,890 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $8.16, for a total transaction of $56,222.40. Following the completion of the transaction, the executive vice president now owns 169,060 shares of the company’s stock, valued at approximately $1,379,529.60. The disclosure for this sale can be found here. Insiders sold a total of 312,702 shares of company stock worth $2,599,596 over the last three months. 34.05% of the stock is owned by company insiders.

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.

Institutional Ownership by Quarter for A10 Networks (NYSE:ATEN)

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