Sensato Investors LLC Sells 206,100 Shares of A10 Networks, Inc. (ATEN)
Sensato Investors LLC lessened its stake in A10 Networks, Inc. (NYSE:ATEN) by 80.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,034 shares of the communications equipment provider’s stock after selling 206,100 shares during the period. Sensato Investors LLC owned about 0.09% of A10 Networks worth $431,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the business. Campbell & CO Investment Adviser LLC boosted its position in A10 Networks by 1.3% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 11,826 shares of the communications equipment provider’s stock worth $100,000 after purchasing an additional 146 shares in the last quarter. American International Group Inc. raised its stake in shares of A10 Networks by 7.1% during the 1st quarter. American International Group Inc. now owns 27,138 shares of the communications equipment provider’s stock worth $248,000 after buying an additional 1,792 shares during the period. CAPROCK Group Inc. raised its stake in shares of A10 Networks by 9.3% during the 2nd quarter. CAPROCK Group Inc. now owns 27,080 shares of the communications equipment provider’s stock worth $229,000 after buying an additional 2,310 shares during the period. Voya Investment Management LLC raised its stake in shares of A10 Networks by 21.2% during the 2nd quarter. Voya Investment Management LLC now owns 22,826 shares of the communications equipment provider’s stock worth $193,000 after buying an additional 3,994 shares during the period. Finally, Strs Ohio raised its stake in shares of A10 Networks by 6.0% during the 2nd quarter. Strs Ohio now owns 79,000 shares of the communications equipment provider’s stock worth $666,000 after buying an additional 4,500 shares during the period. Institutional investors and hedge funds own 56.51% of the company’s stock.
Several brokerages have recently weighed in on ATEN. Bank of America Corporation reduced their target price on A10 Networks from $10.00 to $8.50 and set a “buy” rating for the company in a research note on Friday, July 14th. KeyCorp downgraded A10 Networks from an “overweight” rating to a “sector weight” rating in a research note on Friday, July 14th. DA Davidson upped their target price on A10 Networks to $9.00 and gave the stock a “buy” rating in a research note on Friday, July 14th. BidaskClub raised A10 Networks from a “sell” rating to a “hold” rating in a research note on Saturday, September 30th. Finally, Zacks Investment Research downgraded A10 Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $9.75.
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Shares of A10 Networks, Inc. (NYSE:ATEN) traded up 0.26% on Friday, hitting $7.75. The stock had a trading volume of 123,868 shares. The company’s market cap is $457.48 million. The firm’s 50-day moving average is $6.67 and its 200-day moving average is $7.76. A10 Networks, Inc. has a one year low of $6.02 and a one year high of $10.28.
A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Thursday, July 27th. The communications equipment provider reported ($0.04) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.06. A10 Networks had a negative return on equity of 20.33% and a negative net margin of 8.00%. The firm had revenue of $53.69 million for the quarter, compared to the consensus estimate of $52.99 million. During the same period in the previous year, the business earned ($0.02) earnings per share. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. On average, analysts expect that A10 Networks, Inc. will post ($0.05) EPS for the current fiscal year.
In other A10 Networks news, CEO Lee Chen sold 25,000 shares of the business’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $8.02, for a total transaction of $200,500.00. Following the sale, the chief executive officer now directly owns 10,611,538 shares in the company, valued at $85,104,534.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Robert D. Cochran sold 8,000 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $7.63, for a total value of $61,040.00. Following the sale, the executive vice president now owns 165,662 shares in the company, valued at $1,264,001.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 358,201 shares of company stock worth $2,404,780. 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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