Dynamic Technology Lab Private Ltd increased its stake in shares of A10 Networks Inc. (NYSE:ATEN) by 3.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,819 shares of the company’s stock after buying an additional 1,312 shares during the period. Dynamic Technology Lab Private Ltd owned 0.06% of A10 Networks worth $232,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in ATEN. Bank of Montreal Can acquired a new stake in A10 Networks during the second quarter worth $183,000. Harvest Capital Strategies LLC acquired a new stake in A10 Networks during the first quarter worth $296,000. Alambic Investment Management L.P. increased its stake in A10 Networks by 239.4% in the second quarter. Alambic Investment Management L.P. now owns 48,200 shares of the company’s stock worth $312,000 after buying an additional 34,000 shares during the period. Swiss National Bank increased its stake in A10 Networks by 23.8% in the second quarter. Swiss National Bank now owns 76,400 shares of the company’s stock worth $494,000 after buying an additional 14,700 shares during the period. Finally, American Century Companies Inc. acquired a new stake in A10 Networks during the second quarter worth $589,000. Institutional investors own 46.70% of the company’s stock.
A10 Networks Inc. (NYSE:ATEN) opened at 10.77 on Tuesday. A10 Networks Inc. has a 12-month low of $4.84 and a 12-month high of $10.87. The stock has a 50 day moving average price of $10.02 and a 200-day moving average price of $7.45. The firm’s market capitalization is $635.75 million.
A10 Networks (NYSE:ATEN) last posted its earnings results on Thursday, July 28th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.03. A10 Networks had a negative return on equity of 37.97% and a negative net margin of 14.10%. The firm had revenue of $57.10 million for the quarter, compared to analysts’ expectations of $56.07 million. During the same period last year, the firm earned ($0.09) EPS. The firm’s revenue was up 20.2% compared to the same quarter last year. On average, equities research analysts forecast that A10 Networks Inc. will post ($0.09) EPS for the current year.
A number of research firms have commented on ATEN. Zacks Investment Research upgraded A10 Networks from a “hold” rating to a “buy” rating and set a $6.75 target price on the stock in a research report on Tuesday, June 28th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $9.00 target price (up from $8.00) on shares of A10 Networks in a research report on Tuesday, August 2nd. Finally, Dougherty & Co boosted their target price on A10 Networks from $9.00 to $11.00 and gave the stock a “buy” rating in a research report on Monday, August 29th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $8.92.
In related news, VP Robert D. Cochran sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $7.86, for a total value of $196,500.00. Following the sale, the vice president now directly owns 153,728 shares in the company, valued at approximately $1,208,302.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Robert D. Cochran sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $9.91, for a total value of $69,370.00. Following the completion of the sale, the vice president now owns 146,728 shares in the company, valued at $1,454,074.48. The disclosure for this sale can be found here. 34.05% of the stock is owned by corporate insiders.
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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