Separately, Zacks Investment Research raised Investar from a hold rating to a buy rating and set a $27.00 target price for the company in a research report on Tuesday, June 4th.
Shares of NYSE:ATEN opened at $7.57 on Wednesday. A10 Networks has a 52-week low of $5.51 and a 52-week high of $7.94. The stock has a 50 day moving average price of $6.67.
In related news, CFO Thomas Constantino sold 15,492 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $6.98, for a total value of $108,134.16. Following the sale, the chief financial officer now owns 210,816 shares in the company, valued at approximately $1,471,495.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 25,219 shares of company stock worth $170,776 in the last 90 days. 28.87% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. grew its stake in shares of A10 Networks by 69.8% in the 1st quarter. Meeder Asset Management Inc. now owns 4,260 shares of the communications equipment provider’s stock worth $31,000 after buying an additional 1,751 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd grew its stake in shares of A10 Networks by 102.9% in the 1st quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 8,444 shares of the communications equipment provider’s stock worth $59,000 after buying an additional 4,282 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of A10 Networks by 27,032.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 10,853 shares of the communications equipment provider’s stock worth $77,000 after buying an additional 10,813 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of A10 Networks in the 1st quarter worth approximately $83,000. Finally, American Century Companies Inc. purchased a new stake in shares of A10 Networks in the 4th quarter worth approximately $73,000. Institutional investors own 65.90% of the company’s stock.
A10 Networks Company Profile
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.
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