Alambic Investment Management L.P. increased its position in A10 Networks Inc (NYSE:ATEN) by 191.1% during the first quarter, Holdings Channel reports. The firm owned 153,404 shares of the communications equipment provider’s stock after buying an additional 100,704 shares during the period. Alambic Investment Management L.P.’s holdings in A10 Networks were worth $1,404,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new stake in shares of A10 Networks during the fourth quarter worth about $1,604,000. Putnam Investments LLC boosted its stake in shares of A10 Networks by 1.9% in the fourth quarter. Putnam Investments LLC now owns 79,778 shares of the communications equipment provider’s stock worth $663,000 after buying an additional 1,475 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of A10 Networks by 10.4% in the fourth quarter. Renaissance Technologies LLC now owns 2,164,400 shares of the communications equipment provider’s stock worth $17,986,000 after buying an additional 204,000 shares in the last quarter. Bogle Investment Management L P DE boosted its stake in shares of A10 Networks by 4.6% in the fourth quarter. Bogle Investment Management L P DE now owns 272,235 shares of the communications equipment provider’s stock worth $2,262,000 after buying an additional 12,077 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its stake in shares of A10 Networks by 3.8% in the fourth quarter. GSA Capital Partners LLP now owns 255,732 shares of the communications equipment provider’s stock worth $2,125,000 after buying an additional 9,291 shares in the last quarter. 54.05% of the stock is currently owned by institutional investors and hedge funds.
Shares of A10 Networks Inc (NYSE:ATEN) traded up 1.47% during midday trading on Friday, reaching $8.28. 542,305 shares of the company were exchanged. A10 Networks Inc has a 52-week low of $6.02 and a 52-week high of $10.86. The company’s market capitalization is $488.77 million. The stock has a 50-day moving average price of $8.59 and a 200 day moving average price of $8.57.
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A number of brokerages recently issued reports on ATEN. Zacks Investment Research cut shares of A10 Networks from a “hold” rating to a “sell” rating in a report on Monday, March 27th. Dougherty & Co upped their price objective on shares of A10 Networks from $10.00 to $10.50 and gave the stock a “buy” rating in a report on Friday, February 10th.
In other news, EVP Robert D. Cochran sold 5,000 shares of the business’s stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $8.99, for a total transaction of $44,950.00. Following the transaction, the executive vice president now directly owns 203,162 shares in the company, valued at approximately $1,826,426.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Neil Wu Becker sold 9,534 shares of the business’s stock in a transaction dated Thursday, April 6th. The stock was sold at an average price of $8.77, for a total transaction of $83,613.18. Following the transaction, the vice president now owns 128,118 shares in the company, valued at $1,123,594.86. The disclosure for this sale can be found here. Insiders have sold a total of 272,236 shares of company stock worth $2,388,259 over the last 90 days. 34.05% of the stock is owned by company insiders.
A10 Networks Company Profile
A10 Networks, Inc is a provider of software and hardware solutions. The Company’s solutions enable its customers to secure and optimize the performance of their data center and cloud applications, and secure their users, applications and infrastructure from Internet, Web and network threats at scale.
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