Parametric Portfolio Associates LLC cut its position in A10 Networks, Inc. (NYSE:ATEN) by 56.1% during the first quarter, Holdings Channel reports. The fund owned 15,296 shares of the communications equipment provider’s stock after selling 19,562 shares during the period. Parametric Portfolio Associates LLC’s holdings in A10 Networks were worth $140,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ATEN. US Bancorp DE boosted its position 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 buying an additional 13,719 shares in the last quarter. Highbridge Capital Management LLC boosted its position in shares of A10 Networks by 34.5% in the fourth quarter. Highbridge Capital Management LLC now owns 24,888 shares of the communications equipment provider’s stock worth $207,000 after buying an additional 6,386 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of A10 Networks during the first quarter worth about $278,000. American Century Companies Inc. boosted its position in shares of A10 Networks by 2.5% in the first quarter. American Century Companies Inc. now owns 76,115 shares of the communications equipment provider’s stock worth $696,000 after buying an additional 1,870 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of A10 Networks by 7.5% in the first quarter. Swiss National Bank now owns 77,500 shares of the communications equipment provider’s stock worth $709,000 after buying an additional 5,400 shares in the last quarter. Institutional investors and hedge funds own 57.00% of the company’s stock.

A10 Networks, Inc. (NYSE:ATEN) opened at 6.66 on Thursday. A10 Networks, Inc. has a 52-week low of $6.09 and a 52-week high of $10.87. The company’s 50 day moving average is $7.50 and its 200-day moving average is $8.41. The company’s market capitalization is $393.14 million.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Thursday, July 27th. The communications equipment provider reported ($0.04) EPS for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $52.99 million. During the same period in the prior year, the firm posted ($0.02) EPS. A10 Networks’s revenue for the quarter was down 6.0% on a year-over-year basis. Equities analysts anticipate that A10 Networks, Inc. will post ($0.08) EPS for the current fiscal year.

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ATEN has been the subject of a number of analyst reports. DA Davidson lifted their price objective on shares of A10 Networks to $9.00 and gave the company a “buy” rating in a report on Friday, July 14th. Zacks Investment Research cut shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th. KeyCorp cut shares of A10 Networks from an “overweight” rating to a “sector weight” rating in a report on Friday, July 14th. Bank of America Corporation reduced their price objective on shares of A10 Networks from $10.00 to $8.50 and set a “buy” rating for the company in a report on Friday, July 14th. Finally, ValuEngine cut shares of A10 Networks from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $9.60.

In related news, CEO Lee Chen sold 25,000 shares of the stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $6.35, for a total transaction of $158,750.00. Following the sale, the chief executive officer now directly owns 10,561,538 shares of the company’s stock, valued at approximately $67,065,766.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert D. Cochran sold 5,000 shares of the stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $8.13, for a total transaction of $40,650.00. Following the sale, the executive vice president now directly owns 189,662 shares in the company, valued at $1,541,952.06. The disclosure for this sale can be found here. Insiders have sold a total of 313,812 shares of company stock worth $2,474,453 over the last three months. 34.05% of the stock is currently owned by 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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