Wall Street Associates lowered its position in A10 Networks, Inc. (NYSE:ATEN) by 86.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,048 shares of the company’s stock after selling 207,952 shares during the period. Wall Street Associates owned about 0.05% of A10 Networks worth $266,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in ATEN. SG Americas Securities LLC bought a new position in A10 Networks during the third quarter worth approximately $125,000. Thompson Davis & CO. Inc. bought a new position in A10 Networks during the third quarter worth approximately $126,000. BlackRock Japan Co. Ltd boosted its position in A10 Networks by 191.5% in the third quarter. BlackRock Japan Co. Ltd now owns 12,371 shares of the company’s stock worth $132,000 after buying an additional 8,127 shares during the period. American International Group Inc. boosted its position in A10 Networks by 27.8% in the second quarter. American International Group Inc. now owns 25,374 shares of the company’s stock worth $164,000 after buying an additional 5,514 shares during the period. Finally, Highbridge Capital Management LLC bought a new position in A10 Networks during the third quarter worth approximately $198,000. 53.39% of the stock is owned by hedge funds and other institutional investors.
A10 Networks, Inc. (NYSE:ATEN) remained flat at $8.16 on Wednesday. 47,641 shares of the stock were exchanged. A10 Networks, Inc. has a 1-year low of $4.84 and a 1-year high of $10.87. The company has a 50-day moving average of $8.40 and a 200-day moving average of $8.71. The stock’s market capitalization is $481.68 million.
A number of equities analysts have commented on the stock. Zacks Investment Research cut shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Wednesday, September 28th. Dougherty & Co reduced their price objective on shares of A10 Networks from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating and set a $11.00 price objective on shares of A10 Networks in a research report on Thursday, October 27th. Finally, DA Davidson cut 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 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 assigned a buy rating to the company. A10 Networks currently has an average rating of “Buy” and an average target price of $9.17.
In other news, VP Robert D. Cochran sold 5,000 shares of the firm’s stock in a transaction on Thursday, January 5th. The stock was sold at an average price of $8.56, for a total transaction of $42,800.00. Following the completion of the sale, the vice president now directly owns 122,228 shares of the company’s stock, valued at approximately $1,046,271.68. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Robert D. Cochran sold 7,000 shares of the firm’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $7.96, for a total value of $55,720.00. The disclosure for this sale can be found here. Insiders sold a total of 19,000 shares of company stock valued at $151,790 over the last three months. 34.05% of the stock is currently owned by 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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