A10 Networks Inc. (NYSE:ATEN) VP Robert D. Cochran sold 7,000 shares of the business’s stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $9.94, for a total transaction of $69,580.00. Following the completion of the transaction, the vice president now owns 139,728 shares of the company’s stock, valued at approximately $1,388,896.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Robert D. Cochran also recently made the following trade(s):
- On Monday, July 11th, Robert D. Cochran sold 5,000 shares of A10 Networks stock. The stock was sold at an average price of $7.00, for a total transaction of $35,000.00.
Shares of A10 Networks Inc. (NYSE:ATEN) opened at 9.92 on Friday. The company has a 50-day moving average of $10.15 and a 200-day moving average of $7.55. The stock’s market capitalization is $585.58 million. A10 Networks Inc. has a 12 month low of $4.84 and a 12 month high of $10.87.
A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Thursday, July 28th. The company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.03. The company had revenue of $57.10 million for the quarter, compared to the consensus estimate of $56.07 million. A10 Networks had a negative net margin of 14.10% and a negative return on equity of 37.97%. A10 Networks’s revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.09) earnings per share. On average, equities research analysts expect that A10 Networks Inc. will post ($0.09) EPS for the current fiscal year.
ATEN has been the subject of several research reports. Zacks Investment Research downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Dougherty & Co boosted their target price on shares of A10 Networks from $9.00 to $11.00 and gave the stock a “buy” rating in a research note on Monday, August 29th. DA Davidson downgraded shares of A10 Networks from a “buy” rating to a “neutral” rating and set a $11.50 target price for the company. in a research note on Wednesday. They noted that the move was a valuation call. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $9.00 target price (up previously from $8.00) on shares of A10 Networks in a research note on Tuesday, August 2nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $9.17.
Institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP increased its position in A10 Networks by 245.6% in the second quarter. GSA Capital Partners LLP now owns 214,244 shares of the company’s stock worth $1,386,000 after buying an additional 152,244 shares in the last quarter. Swiss National Bank increased its position 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 in the last quarter. California State Teachers Retirement System increased its position in A10 Networks by 28.6% in the second quarter. California State Teachers Retirement System now owns 92,430 shares of the company’s stock worth $598,000 after buying an additional 20,577 shares in the last quarter. Bank of New York Mellon Corp increased its position in A10 Networks by 5.5% in the second quarter. Bank of New York Mellon Corp now owns 186,710 shares of the company’s stock worth $1,208,000 after buying an additional 9,808 shares in the last quarter. Finally, American Century Companies Inc. bought a new position in A10 Networks during the second quarter worth $589,000. 46.70% of the stock is currently owned by institutional investors.
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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