A10 Networks, Inc. (NYSE:ATEN) EVP Raymond J. Smets sold 13,890 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $7.53, for a total value of $104,591.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

A10 Networks, Inc. (ATEN) opened at 7.65 on Tuesday. The stock’s market cap is $451.58 million. The firm’s 50 day moving average price is $6.55 and its 200-day moving average price is $7.77. A10 Networks, Inc. has a 1-year low of $6.02 and a 1-year high of $10.86.

A10 Networks (NYSE:ATEN) last released its quarterly earnings results on Thursday, July 27th. The communications equipment provider reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.06. A10 Networks had a negative net margin of 8.00% and a negative return on equity of 20.33%. The firm had revenue of $53.69 million during the quarter, compared to the consensus estimate of $52.99 million. During the same quarter in the prior year, the firm earned ($0.02) EPS. A10 Networks’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, equities analysts anticipate that A10 Networks, Inc. will post ($0.06) earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of ATEN. ETF Managers Group LLC acquired a new position in A10 Networks in the second quarter valued at $17,876,000. Vanguard Group Inc. raised its holdings in shares of A10 Networks by 17.1% in the first quarter. Vanguard Group Inc. now owns 3,374,761 shares of the communications equipment provider’s stock valued at $30,879,000 after buying an additional 493,877 shares during the last quarter. Divisar Capital Management LLC boosted its stake in shares of A10 Networks by 28.5% during the second quarter. Divisar Capital Management LLC now owns 1,437,849 shares of the communications equipment provider’s stock worth $12,135,000 after buying an additional 319,179 shares during the period. Renaissance Technologies LLC boosted its stake in shares of A10 Networks by 7.4% during the second quarter. Renaissance Technologies LLC now owns 2,385,600 shares of the communications equipment provider’s stock worth $20,134,000 after buying an additional 164,900 shares during the period. Finally, Ameriprise Financial Inc. acquired a new stake in shares of A10 Networks during the second quarter worth about $1,046,000. Institutional investors own 56.51% of the company’s stock.

ATEN has been the topic of a number of recent research reports. KeyCorp lowered A10 Networks from an “overweight” rating to a “sector weight” rating in a research report on Friday, July 14th. DA Davidson increased their price target on shares of A10 Networks to $9.00 and gave the stock a “buy” rating in a report on Friday, July 14th. Bank of America Corporation reduced their price target 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. Zacks Investment Research lowered shares of A10 Networks from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Finally, BidaskClub cut shares of A10 Networks from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $9.60.

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.

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

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