A10 Networks, Inc. (NYSE:ATEN) Director Alan S. Henricks sold 22,590 shares of A10 Networks stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $7.34, for a total transaction of $165,810.60. Following the transaction, the director now directly owns 41,981 shares of the company’s stock, valued at $308,140.54. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

A10 Networks, Inc. (ATEN) opened at $7.41 on Friday.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Thursday, October 26th. The communications equipment provider reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.04. A10 Networks had a negative net margin of 6.94% and a negative return on equity of 17.71%. The business had revenue of $61.40 million during the quarter, compared to analyst estimates of $59.46 million. The company’s revenue was up 11.4% on a year-over-year basis. analysts expect that A10 Networks, Inc. will post -0.21 EPS for the current year.

A10 Networks announced that its board has authorized a share repurchase program on Thursday, October 26th that authorizes the company to buyback 20,000,000 outstanding shares. This buyback authorization authorizes the communications equipment provider to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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A number of hedge funds have recently added to or reduced their stakes in ATEN. Stoneridge Investment Partners LLC acquired a new position in shares of A10 Networks in the 3rd quarter valued at $109,000. The Manufacturers Life Insurance Company increased its stake in A10 Networks by 11.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,264 shares of the communications equipment provider’s stock valued at $340,000 after buying an additional 4,083 shares during the period. Cubist Systematic Strategies LLC boosted its position in shares of A10 Networks by 77.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 35,386 shares of the communications equipment provider’s stock worth $299,000 after purchasing an additional 15,479 shares in the last quarter. State Street Corp boosted its position in shares of A10 Networks by 4.1% during the 2nd quarter. State Street Corp now owns 911,240 shares of the communications equipment provider’s stock worth $7,693,000 after purchasing an additional 36,263 shares in the last quarter. Finally, ETF Managers Group LLC purchased a new stake in shares of A10 Networks during the 2nd quarter worth $17,876,000. 55.81% of the stock is currently owned by institutional investors.

Several equities research analysts have recently commented on ATEN shares. BidaskClub lowered shares of A10 Networks from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Zacks Investment Research lowered shares of A10 Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. ValuEngine lowered shares of A10 Networks from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. KeyCorp lowered shares of A10 Networks from an “overweight” rating to a “sector weight” rating in a research note on Friday, July 14th. Finally, DA Davidson upped their price objective on shares of A10 Networks to $9.00 and gave the company a “buy” rating in a report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $9.13.

A10 Networks Company Profile

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.

Insider Buying and Selling by Quarter for A10 Networks (NYSE:ATEN)

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