Russell Investments Group Ltd. cut its stake in A10 Networks, Inc. (NYSE:ATEN) by 41.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,232 shares of the communications equipment provider’s stock after selling 33,116 shares during the period. Russell Investments Group Ltd. owned about 0.08% of A10 Networks worth $390,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ATEN. Gotham Asset Management LLC bought a new position in shares of A10 Networks in the first quarter worth about $103,000. Airain ltd bought a new position in shares of A10 Networks in the first quarter worth about $112,000. KCG Holdings Inc. bought a new position in shares of A10 Networks in the first quarter worth about $115,000. US Bancorp DE grew its holdings in shares of A10 Networks by 618.0% in the first quarter. US Bancorp DE now owns 15,939 shares of the communications equipment provider’s stock worth $146,000 after purchasing an additional 13,719 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of A10 Networks in the first quarter worth about $189,000. Hedge funds and other institutional investors own 56.51% of the company’s stock.

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In other A10 Networks news, CEO Lee Chen sold 25,000 shares of A10 Networks stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $8.48, for a total value of $212,000.00. Following the completion of the transaction, the chief executive officer now directly owns 10,661,538 shares of the company’s stock, valued at approximately $90,409,842.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert D. Cochran sold 5,000 shares of A10 Networks stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $8.13, for a total value of $40,650.00. Following the completion of the transaction, the executive vice president now directly owns 189,662 shares of the company’s stock, valued at $1,541,952.06. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 366,311 shares of company stock worth $2,529,049. 34.05% of the stock is owned by insiders.

A10 Networks, Inc. (NYSE:ATEN) traded up 2.366% on Friday, hitting $6.705. 222,168 shares of the stock were exchanged. A10 Networks, Inc. has a 52-week low of $6.02 and a 52-week high of $10.87. The firm’s market cap is $395.80 million. The stock’s 50 day moving average price is $6.53 and its 200 day moving average price is $7.92.

A10 Networks (NYSE:ATEN) last issued 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 firm had revenue of $53.69 million for the quarter, compared to analyst estimates of $52.99 million. A10 Networks had a negative net margin of 8.00% and a negative return on equity of 20.33%. A10 Networks’s revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.02) EPS. Equities research analysts forecast that A10 Networks, Inc. will post ($0.08) earnings per share for the current year.

A number of research analysts have recently commented on the stock. Bank of America Corporation cut their price target on shares of A10 Networks from $10.00 to $8.50 and set a “buy” rating on the stock in a report on Friday, July 14th. DA Davidson upped 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. KeyCorp cut shares of A10 Networks from an “overweight” rating to a “sector weight” rating in a report on Friday, July 14th. BidaskClub cut shares of A10 Networks from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research cut shares of A10 Networks from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target 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.

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Institutional Ownership by Quarter for A10 Networks (NYSE:ATEN)

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