A10 Networks Inc (NYSE:ATEN) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totalling 1,340,300 shares, an increase of 17.0% from the June 30th total of 1,145,900 shares. Based on an average trading volume of 493,900 shares, the short-interest ratio is currently 2.7 days. Currently, 2.5% of the company’s shares are short sold.

Several research firms recently issued reports on ATEN. ValuEngine lowered A10 Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Zacks Investment Research raised A10 Networks from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a research note on Wednesday, August 7th.

In related news, CFO Thomas Constantino sold 15,492 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $6.98, for a total transaction of $108,134.16. Following the transaction, the chief financial officer now owns 210,816 shares of the company’s stock, valued at approximately $1,471,495.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 28.87% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of ATEN. Meeder Asset Management Inc. raised its position in A10 Networks by 69.8% in the 1st quarter. Meeder Asset Management Inc. now owns 4,260 shares of the communications equipment provider’s stock valued at $31,000 after purchasing an additional 1,751 shares in the last quarter. Quantamental Technologies LLC increased its holdings in shares of A10 Networks by 2,000.0% in the 2nd quarter. Quantamental Technologies LLC now owns 4,935 shares of the communications equipment provider’s stock valued at $34,000 after acquiring an additional 4,700 shares during the last quarter. Aperio Group LLC purchased a new position in shares of A10 Networks in the 2nd quarter valued at about $46,000. MERIAN GLOBAL INVESTORS UK Ltd increased its holdings in shares of A10 Networks by 102.9% in the 1st quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 8,444 shares of the communications equipment provider’s stock valued at $59,000 after acquiring an additional 4,282 shares during the last quarter. Finally, American Century Companies Inc. purchased a new position in shares of A10 Networks in the 4th quarter valued at about $73,000. 65.06% of the stock is currently owned by institutional investors.

ATEN stock opened at $7.13 on Wednesday. The firm has a market cap of $546.60 million, a price-to-earnings ratio of -32.41 and a beta of 0.70. The firm has a 50-day moving average of $7.20. A10 Networks has a 1 year low of $5.51 and a 1 year high of $8.29.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Tuesday, July 30th. The communications equipment provider reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The company had revenue of $49.20 million during the quarter, compared to analyst estimates of $53.06 million. A10 Networks had a negative net margin of 9.67% and a negative return on equity of 16.48%. The firm’s quarterly revenue was down 18.9% on a year-over-year basis. Research analysts anticipate that A10 Networks will post -0.22 EPS for the current year.

A10 Networks Company Profile

A10 Networks, Inc provides software and hardware solutions in the United States, Japan, other Asia Pacific and EMEA countries, and internationally. The company offers Thunder application delivery controller (ADC) that provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to boost the delivery and security of applications and micro services; and Thunder carrier grade network address translation product, which offers network address and protocol translation services for service provider networks.

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