Goldman Sachs Group Inc. reduced its stake in shares of A10 Networks, Inc. (NYSE:ATEN) by 6.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 121,896 shares of the communications equipment provider’s stock after selling 8,282 shares during the period. Goldman Sachs Group Inc.’s holdings in A10 Networks were worth $1,115,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in 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. Renaissance Technologies LLC boosted its stake in A10 Networks by 2.6% in the first quarter. Renaissance Technologies LLC now owns 2,220,700 shares of the communications equipment provider’s stock valued at $20,319,000 after buying an additional 56,300 shares during the last quarter. Penserra Capital Management LLC boosted its stake in shares of A10 Networks by 5.3% in the first quarter. Penserra Capital Management LLC now owns 1,611,471 shares of the communications equipment provider’s stock valued at $14,744,000 after buying an additional 81,292 shares in the last quarter. Divisar Capital Management LLC boosted its stake in shares of A10 Networks by 27.2% in the first quarter. Divisar Capital Management LLC now owns 1,118,670 shares of the communications equipment provider’s stock valued at $10,236,000 after buying an additional 239,118 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake 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. Hedge funds and other institutional investors own 57.00% of the company’s stock.

Shares of A10 Networks, Inc. (NYSE:ATEN) traded up 0.4197% during midday trading on Friday, hitting $6.3164. 140,843 shares of the stock traded hands. A10 Networks, Inc. has a 52 week low of $6.09 and a 52 week high of $10.87. The firm’s 50-day moving average is $7.44 and its 200 day moving average is $8.39. The company’s market capitalization is $372.86 million.

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 analysts’ consensus estimates of ($0.10) by $0.06. The business had revenue of $53.69 million during 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%. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.02) EPS. Equities analysts forecast that A10 Networks, Inc. will post ($0.08) earnings per share for the current year.

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Several brokerages have recently commented on ATEN. KeyCorp cut shares of A10 Networks from an “overweight” rating to a “sector weight” rating in a research report on Friday, July 14th. BidaskClub cut shares of A10 Networks from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. DA Davidson lifted their price target on shares of A10 Networks to $9.00 and gave the stock a “buy” rating in a research report on Friday, July 14th. Zacks Investment Research cut shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Wednesday, May 10th. Finally, ValuEngine cut shares of A10 Networks from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Three research 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’s stock. The company presently has a consensus rating of “Hold” and an average price target of $9.60.

In other A10 Networks news, EVP Robert D. Cochran sold 8,000 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $6.76, for a total transaction of $54,080.00. Following the completion of the sale, the executive vice president now owns 181,662 shares of the company’s stock, valued at approximately $1,228,035.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lee Chen sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $8.26, for a total transaction of $206,500.00. Following the sale, the chief executive officer now directly owns 10,786,538 shares of the company’s stock, valued at approximately $89,096,803.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 313,812 shares of company stock valued at $2,474,453. 34.05% of the stock is owned by company insiders.

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

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