A10 Networks Inc. (NYSE:ATEN) VP Robert D. Cochran sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $7.61, for a total transaction of $53,270.00. Following the transaction, the vice president now owns 132,728 shares in the company, valued at $1,010,060.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of A10 Networks Inc. (NYSE:ATEN) opened at 7.49 on Friday. The firm has a 50-day moving average of $9.62 and a 200 day moving average of $7.94. A10 Networks Inc. has a 12-month low of $4.84 and a 12-month high of $10.87. The firm’s market capitalization is $442.13 million.
Several hedge funds have recently bought and sold shares of the company. Harvest Capital Strategies LLC purchased a new stake in A10 Networks during the first quarter valued at about $296,000. Jacobs Levy Equity Management Inc. raised its stake in A10 Networks by 322.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 123,000 shares of the company’s stock valued at $728,000 after buying an additional 93,900 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in A10 Networks during the second quarter valued at about $654,000. Bank of Montreal Can purchased a new stake in A10 Networks during the second quarter valued at about $183,000. Finally, American Century Companies Inc. purchased a new stake in A10 Networks during the second quarter valued at about $589,000. Hedge funds and other institutional investors own 46.65% of the company’s stock.
A number of brokerages have recently issued reports on ATEN. Zacks Investment Research upgraded shares of A10 Networks from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a research report on Wednesday, August 3rd. Dougherty & Co cut their price objective on shares of A10 Networks from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $9.00 price objective (up from $8.00) on shares of A10 Networks in a report on Tuesday, August 2nd. Finally, DA Davidson lowered shares of A10 Networks from a “buy” rating to a “neutral” rating and set a $11.50 price objective on the stock. in a report on Wednesday, October 5th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $9.17.
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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