Essex Investment Management Co. LLC lowered its position in A10 Networks Inc. (NYSE:ATEN) by 1.1% during the second quarter, Holdings Channel reports. The institutional investor owned 96,166 shares of the company’s stock after selling 1,056 shares during the period. Essex Investment Management Co. LLC’s holdings in A10 Networks were worth $622,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Franklin Resources Inc. increased its stake in A10 Networks by 1.0% in the first quarter. Franklin Resources Inc. now owns 2,867,061 shares of the company’s stock worth $16,973,000 after buying an additional 29,375 shares in the last quarter. Spark Investment Management LLC boosted its position in shares of A10 Networks by 55.5% in the first quarter. Spark Investment Management LLC now owns 698,300 shares of the company’s stock worth $4,133,000 after buying an additional 249,300 shares during the last quarter. State Street Corp boosted its position in shares of A10 Networks by 5.4% in the first quarter. State Street Corp now owns 481,507 shares of the company’s stock worth $2,852,000 after buying an additional 24,684 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of A10 Networks by 1.6% in the first quarter. Geode Capital Management LLC now owns 241,914 shares of the company’s stock worth $1,431,000 after buying an additional 3,715 shares during the last quarter. Finally, Harvest Capital Strategies LLC bought a new position in shares of A10 Networks during the first quarter worth approximately $296,000. 46.70% of the stock is owned by institutional investors.
A10 Networks Inc. (NYSE:ATEN) traded down 7.80% on Wednesday, reaching $9.81. The company’s stock had a trading volume of 1,243,267 shares. The firm’s market cap is $579.08 million. A10 Networks Inc. has a 52-week low of $4.84 and a 52-week high of $10.87. The stock’s 50 day moving average price is $10.11 and its 200 day moving average price is $7.50.
A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. The firm earned $57.10 million during the quarter, compared to the consensus estimate of $56.07 million. A10 Networks had a negative return on equity of 37.97% and a negative net margin of 14.10%. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.09) EPS. Equities research analysts expect that A10 Networks Inc. will post ($0.09) earnings per share for the current fiscal year.
A number of research analysts recently commented on ATEN shares. Zacks Investment Research upgraded A10 Networks from a “hold” rating to a “buy” rating and set a $6.75 price target on the stock in a research report on Tuesday, June 28th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $9.00 price target (up previously from $8.00) on shares of A10 Networks in a research report on Tuesday, August 2nd. Dougherty & Co raised their price target on A10 Networks from $9.00 to $11.00 and gave the stock a “buy” rating in a research report on Monday, August 29th. Finally, DA Davidson cut A10 Networks from a “buy” rating to a “neutral” rating and set a $11.50 price target on the stock. in a research report on Wednesday. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. A10 Networks currently has an average rating of “Buy” and an average price target of $9.17.
In other news, VP Robert D. Cochran sold 7,000 shares of the company’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $9.91, for a total transaction of $69,370.00. Following the transaction, the vice president now owns 146,728 shares of the company’s stock, valued at approximately $1,454,074.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert D. Cochran sold 5,000 shares of the company’s stock in a transaction on Monday, July 11th. The shares were sold at an average price of $7.00, for a total value of $35,000.00. The disclosure for this sale can be found here. Insiders own 34.05% of the company’s stock.
A10 Networks Company Profile
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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