A10 Networks, Inc. (NYSE:ATEN) Director Alan S. Henricks sold 10,000 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $6.40, for a total value of $64,000.00. Following the completion of the sale, the director now owns 64,571 shares of the company’s stock, valued at $413,254.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

A10 Networks, Inc. (NYSE ATEN) traded down 2.33% during trading on Tuesday, hitting $6.28. 309,467 shares of the stock were exchanged. The stock’s market cap is $370.71 million. A10 Networks, Inc. has a 52 week low of $6.09 and a 52 week high of $10.86. The stock has a 50 day moving average of $7.32 and a 200-day moving average of $8.37.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings results 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. A10 Networks had a negative net margin of 8.00% and a negative return on equity of 20.33%. The company had revenue of $53.69 million for the quarter, compared to analysts’ expectations of $52.99 million. During the same quarter in the previous year, the company earned ($0.02) earnings per share. A10 Networks’s quarterly revenue was down 6.0% on a year-over-year basis. Equities analysts expect that A10 Networks, Inc. will post ($0.08) EPS for the current fiscal year.

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Several institutional investors have recently made changes to their positions in ATEN. ETF Managers Group LLC bought a new position in shares of A10 Networks during the second quarter valued at about $17,876,000. Vanguard Group Inc. boosted its position 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 in the last quarter. Divisar Capital Management LLC boosted its position in shares of A10 Networks by 28.5% in the second quarter. Divisar Capital Management LLC now owns 1,437,849 shares of the communications equipment provider’s stock valued at $12,135,000 after buying an additional 319,179 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of A10 Networks by 26.2% in the first quarter. Acadian Asset Management LLC now owns 950,865 shares of the communications equipment provider’s stock valued at $8,701,000 after buying an additional 197,699 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of A10 Networks by 7.4% in the second quarter. Renaissance Technologies LLC now owns 2,385,600 shares of the communications equipment provider’s stock valued at $20,134,000 after buying an additional 164,900 shares in the last quarter. Institutional investors own 53.59% of the company’s stock.

A number of analysts have commented on the stock. Zacks Investment Research raised shares of A10 Networks from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a research report on Friday, May 5th. 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 research report on Friday, July 14th. ValuEngine cut shares of A10 Networks from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. BidaskClub cut shares of A10 Networks from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Finally, DA Davidson upped their price target on shares of A10 Networks to $9.00 and gave the company a “buy” rating in a research report on Friday, July 14th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The stock 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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