Royce & Associates LP raised its position in shares of A10 Networks Inc (NYSE:ATEN) by 9.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 896,600 shares of the communications equipment provider’s stock after buying an additional 75,100 shares during the quarter. Royce & Associates LP’s holdings in A10 Networks were worth $6,922,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Stoneridge Investment Partners LLC purchased a new stake in A10 Networks during the third quarter valued at about $109,000. Teacher Retirement System of Texas purchased a new stake in A10 Networks during the fourth quarter valued at about $133,000. Acadian Asset Management LLC purchased a new stake in A10 Networks during the fourth quarter valued at about $147,000. Voya Investment Management LLC lifted its stake in A10 Networks by 21.2% during the second quarter. Voya Investment Management LLC now owns 22,826 shares of the communications equipment provider’s stock valued at $193,000 after buying an additional 3,994 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in A10 Networks by 59.8% during the second quarter. Parametric Portfolio Associates LLC now owns 24,450 shares of the communications equipment provider’s stock valued at $206,000 after buying an additional 9,154 shares in the last quarter. 61.37% of the stock is owned by institutional investors.
ATEN has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of A10 Networks from a “hold” rating to a “sell” rating in a research report on Friday, January 19th. DA Davidson set a $8.00 price target on shares of A10 Networks and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $8.33.
In other news, EVP Robert D. Cochran sold 10,197 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $5.98, for a total value of $60,978.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lee Chen sold 25,000 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $7.76, for a total transaction of $194,000.00. Following the completion of the sale, the chief executive officer now directly owns 10,061,538 shares of the company’s stock, valued at $78,077,534.88. The disclosure for this sale can be found here. Insiders sold 189,407 shares of company stock valued at $1,436,543 over the last three months. 31.57% of the stock is owned by insiders.
About A10 Networks
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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