A10 Networks Inc. (NYSE:ATEN) VP Robert D. Cochran sold 7,000 shares of the stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $9.94, for a total value of $69,580.00. Following the completion of the transaction, the vice president now owns 139,728 shares in the company, valued at approximately $1,388,896.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
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 value of $35,000.00.
Shares of A10 Networks Inc. (NYSE:ATEN) opened at 9.92 on Friday. The company’s market cap is $585.58 million. The firm’s 50-day moving average price is $10.15 and its 200-day moving average price is $7.55. A10 Networks Inc. has a 12 month low of $4.84 and a 12 month high of $10.87.
A10 Networks (NYSE:ATEN) last issued its earnings results on Thursday, July 28th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ 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 quarter last year, the business earned ($0.09) earnings per share. The company’s revenue was up 20.2% compared to the same quarter last year. Equities analysts predict that A10 Networks Inc. will post ($0.09) EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of ATEN. Schwab Charles Investment Management Inc. boosted its position in A10 Networks by 25.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 124,292 shares of the company’s stock valued at $805,000 after buying an additional 25,448 shares during the period. American Century Companies Inc. acquired a new position in A10 Networks during the second quarter valued at $589,000. Lyon Street Capital LLC boosted its position in A10 Networks by 20.0% in the second quarter. Lyon Street Capital LLC now owns 627,091 shares of the company’s stock valued at $4,057,000 after buying an additional 104,313 shares during the period. Panagora Asset Management Inc. boosted its position in A10 Networks by 212.3% in the second quarter. Panagora Asset Management Inc. now owns 45,667 shares of the company’s stock valued at $295,000 after buying an additional 31,046 shares during the period. Finally, Menta Capital LLC boosted its position in A10 Networks by 117.5% in the second quarter. Menta Capital LLC now owns 113,688 shares of the company’s stock valued at $736,000 after buying an additional 61,426 shares during the period. Hedge funds and other institutional investors own 46.70% of the company’s stock.
A number of equities analysts recently commented on ATEN shares. Zacks Investment Research downgraded A10 Networks from a “buy” rating to a “hold” rating in a report on Wednesday, September 28th. Dougherty & Co increased their price objective on A10 Networks from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Monday, August 29th. DA Davidson downgraded 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. They noted that the move was a valuation call. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $9.00 price objective (up previously from $8.00) on shares of A10 Networks in a report on Tuesday, August 2nd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. A10 Networks presently has an average rating of “Buy” and an average target price of $9.17.
A10 Networks Company Profile