A10 Networks Inc (NYSE:ATEN) has earned an average rating of “Hold” from the five ratings firms that are covering the firm. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $9.50.
A number of equities research analysts have issued reports on ATEN shares. Zacks Investment Research downgraded A10 Networks from a “hold” rating to a “sell” rating in a research report on Thursday, February 16th. Dougherty & Co boosted their price target on A10 Networks from $10.00 to $10.50 and gave the company a “buy” rating in a research report on Friday, February 10th.
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Shares of A10 Networks (NYSE:ATEN) opened at 9.22 on Thursday. A10 Networks has a 12 month low of $5.61 and a 12 month high of $10.86. The stock’s 50 day moving average price is $9.02 and its 200 day moving average price is $8.94. The firm’s market cap is $544.26 million.
A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Thursday, February 9th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.01. A10 Networks had a negative return on equity of 24.79% and a negative net margin of 9.10%. The firm earned $64 million during the quarter, compared to the consensus estimate of $60.87 million. During the same quarter in the previous year, the business earned ($0.06) earnings per share. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. Equities research analysts predict that A10 Networks will post $0.11 earnings per share for the current fiscal year.
In related news, VP Robert D. Cochran sold 5,000 shares of the stock in a transaction dated Thursday, January 5th. The stock was sold at an average price of $8.56, for a total value of $42,800.00. Following the completion of the transaction, the vice president now owns 122,228 shares of the company’s stock, valued at $1,046,271.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lee Chen sold 25,000 shares of the stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $9.16, for a total value of $229,000.00. Following the completion of the transaction, the chief executive officer now directly owns 10,939,788 shares of the company’s stock, valued at approximately $100,208,458.08. The disclosure for this sale can be found here. Insiders sold 80,000 shares of company stock valued at $740,800 in the last ninety days. Company insiders own 34.05% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of ATEN. A.R.T. Advisors LLC acquired a new position in shares of A10 Networks during the fourth quarter worth approximately $112,000. Thompson Davis & CO. Inc. acquired a new position in shares of A10 Networks during the third quarter worth approximately $126,000. BlackRock Japan Co. Ltd increased its position in shares of A10 Networks by 191.5% in the third quarter. BlackRock Japan Co. Ltd now owns 12,371 shares of the company’s stock worth $132,000 after buying an additional 8,127 shares in the last quarter. Teza Capital Management LLC acquired a new position in shares of A10 Networks during the fourth quarter worth approximately $161,000. Finally, Tudor Investment Corp Et Al increased its position in shares of A10 Networks by 1.1% in the fourth quarter. Tudor Investment Corp Et Al now owns 26,310 shares of the company’s stock worth $219,000 after buying an additional 292 shares in the last quarter. 54.05% of the stock is owned by hedge funds and other institutional investors.
About A10 Networks
A10 Networks, Inc is a provider of application networking and network security technologies. The Company’s solutions enable enterprises, service providers, Web companies and government organizations to secure and optimize the performance of their data center applications, and secure their users, applications and infrastructure from Internet, Web and network threats at scale.
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