A10 Networks (NYSE:ATEN) was downgraded by equities researchers at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued on Thursday.
Several other research analysts also recently commented on ATEN. DA Davidson set a $8.00 target price on A10 Networks and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Zacks Investment Research downgraded A10 Networks from a “buy” rating to a “hold” rating in a research note on Monday, January 1st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $8.33.
Shares of A10 Networks (NYSE ATEN) traded down $0.02 on Thursday, reaching $6.26. The company had a trading volume of 302,034 shares, compared to its average volume of 762,140. A10 Networks has a 52 week low of $5.70 and a 52 week high of $9.75. The stock has a market cap of $442.90, a price-to-earnings ratio of -26.08 and a beta of 0.80.
Hedge funds and other institutional investors have recently modified their holdings of the business. Virtu Financial LLC bought a new position in A10 Networks in the 4th quarter worth about $107,000. Stoneridge Investment Partners LLC bought a new position in A10 Networks in the 3rd quarter worth about $109,000. Teacher Retirement System of Texas bought a new position in A10 Networks in the 4th quarter worth about $133,000. Acadian Asset Management LLC bought a new position in A10 Networks in the 4th quarter worth about $147,000. Finally, MetLife Investment Advisors LLC bought a new stake in shares of A10 Networks during the 4th quarter valued at about $168,000. Institutional investors and hedge funds own 61.37% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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