ValuEngine cut shares of A10 Networks, Inc. (NYSE:ATEN) from a hold rating to a sell rating in a research note published on Thursday.

ATEN has been the subject of several other reports. Zacks Investment Research raised shares of A10 Networks from a hold rating to a buy rating and set a $9.00 price objective for the company in a research report on Friday, May 5th. BidaskClub cut shares of A10 Networks from a hold rating to a sell rating in a research report on Monday, July 24th. Bank of America Corporation lowered their price objective on shares of A10 Networks from $10.00 to $8.50 and set a buy rating for the company in a research report on Friday, July 14th. DA Davidson boosted their price objective on shares of A10 Networks to $9.00 and gave the company a buy rating in a research report on Friday, July 14th. Finally, KeyCorp cut shares of A10 Networks from an overweight rating to a sector weight rating in a research report on Friday, July 14th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $9.60.

Shares of A10 Networks (ATEN) opened at 7.18 on Thursday. The stock’s market capitalization is $423.84 million. A10 Networks has a one year low of $6.09 and a one year high of $10.86. The firm has a 50-day moving average of $7.85 and a 200 day moving average of $8.49.

A10 Networks (NYSE:ATEN) last released its quarterly earnings data on Thursday, July 27th. The communications equipment provider reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.06. The company had revenue of $53.69 million during the quarter, compared to analysts’ expectations of $52.99 million. A10 Networks had a negative net margin of 8.00% and a negative return on equity of 20.56%. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.02) EPS. On average, equities research analysts predict that A10 Networks will post ($0.06) EPS for the current year.

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In other news, CEO Lee Chen sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $8.19, for a total value of $204,750.00. Following the completion of the sale, the chief executive officer now owns 10,836,538 shares of the company’s stock, valued at approximately $88,751,246.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert D. Cochran sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $8.13, for a total transaction of $40,650.00. Following the completion of the sale, the executive vice president now directly owns 189,662 shares of the company’s stock, valued at approximately $1,541,952.06. The disclosure for this sale can be found here. Insiders sold a total of 312,702 shares of company stock valued at $2,511,096 in the last ninety days. Corporate insiders own 34.05% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Essex Investment Management Co. LLC boosted its stake in A10 Networks by 30.3% in the second quarter. Essex Investment Management Co. LLC now owns 182,575 shares of the communications equipment provider’s stock worth $1,541,000 after buying an additional 42,414 shares during the last quarter. CAPROCK Group Inc. boosted its stake in A10 Networks by 9.3% in the second quarter. CAPROCK Group Inc. now owns 27,080 shares of the communications equipment provider’s stock worth $229,000 after buying an additional 2,310 shares during the last quarter. Spark Investment Management LLC boosted its stake in A10 Networks by 63.3% in the second quarter. Spark Investment Management LLC now owns 198,800 shares of the communications equipment provider’s stock worth $1,677,000 after buying an additional 77,035 shares during the last quarter. Strs Ohio boosted its stake in A10 Networks by 6.0% in the second quarter. Strs Ohio now owns 79,000 shares of the communications equipment provider’s stock worth $666,000 after buying an additional 4,500 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC boosted its stake in A10 Networks by 1.3% in the second quarter. Campbell & CO Investment Adviser LLC now owns 11,826 shares of the communications equipment provider’s stock worth $100,000 after buying an additional 146 shares during the last quarter. 57.63% of the stock is owned by institutional investors.

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.

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