A10 Networks (ATEN) Downgraded to Neutral at DA Davidson
DA Davidson downgraded shares of A10 Networks (NYSE:ATEN) from a buy rating to a neutral rating in a research note published on Monday, Marketbeat Ratings reports. The brokerage currently has $7.00 price target on the communications equipment provider’s stock, down from their previous price target of $8.00.
Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of A10 Networks from a buy rating to a hold rating in a research report on Monday, January 1st. ValuEngine cut shares of A10 Networks from a sell rating to a strong sell rating in a research report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. A10 Networks has an average rating of Hold and a consensus target price of $8.00.
Shares of A10 Networks stock opened at $6.25 on Monday. A10 Networks has a 12 month low of $5.70 and a 12 month high of $9.75. The stock has a market cap of $432.29, a price-to-earnings ratio of -25.00 and a beta of 0.71.
A number of institutional investors and hedge funds have recently made changes to their positions in ATEN. Millennium Management LLC boosted its position in A10 Networks by 1,033.5% during the 4th quarter. Millennium Management LLC now owns 1,269,858 shares of the communications equipment provider’s stock valued at $9,803,000 after buying an additional 1,157,827 shares during the period. Alliancebernstein L.P. boosted its position in A10 Networks by 33.0% during the 4th quarter. Alliancebernstein L.P. now owns 3,876,042 shares of the communications equipment provider’s stock valued at $29,923,000 after buying an additional 960,720 shares during the period. Spark Investment Management LLC purchased a new stake in A10 Networks during the 4th quarter valued at $5,068,000. Renaissance Technologies LLC raised its holdings in A10 Networks by 22.0% in the 4th quarter. Renaissance Technologies LLC now owns 2,796,200 shares of the communications equipment provider’s stock worth $21,587,000 after purchasing an additional 503,500 shares in the last quarter. Finally, Divisar Capital Management LLC raised its holdings in A10 Networks by 15.1% in the 4th quarter. Divisar Capital Management LLC now owns 2,390,453 shares of the communications equipment provider’s stock worth $18,454,000 after purchasing an additional 314,235 shares in the last quarter. 62.18% of the stock is owned by institutional investors and hedge funds.
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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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