A10 Networks Inc (NYSE:ATEN) dropped 8% on Friday . The stock traded as low as $5.69 and last traded at $5.75. Approximately 1,335,608 shares changed hands during trading, an increase of 123% from the average daily volume of 599,305 shares. The stock had previously closed at $6.25.
ATEN has been the subject of several analyst reports. Zacks Investment Research cut shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Monday, January 1st. DA Davidson set a $8.00 price target on shares of A10 Networks and gave the company a “buy” rating in a research report on Wednesday, January 17th. ValuEngine cut shares of A10 Networks from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st. Finally, Dougherty & Co cut shares of A10 Networks from a “buy” rating to a “neutral” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. A10 Networks currently has a consensus rating of “Hold” and an average price target of $8.00.
The stock has a market cap of $406.82, a PE ratio of -23.00 and a beta of 0.71.
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 $107,000. Teacher Retirement System of Texas bought a new position in A10 Networks in the 4th quarter worth $133,000. Acadian Asset Management LLC bought a new position in A10 Networks in the 4th quarter worth $147,000. MetLife Investment Advisors LLC bought a new position in A10 Networks in the 4th quarter worth $168,000. Finally, Parametric Portfolio Associates LLC raised its holdings in A10 Networks by 59.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 24,450 shares of the communications equipment provider’s stock worth $206,000 after purchasing an additional 9,154 shares in the last quarter. Institutional investors and hedge funds own 62.18% of the company’s stock.
TRADEMARK VIOLATION WARNING: This story was published by Ticker Report and is owned by of Ticker Report. If you are reading this story on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The correct version of this story can be accessed at https://www.tickerreport.com/banking-finance/3299125/a10-networks-aten-stock-price-down-8.html.
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.
Receive News & Ratings for A10 Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A10 Networks and related companies with MarketBeat.com's FREE daily email newsletter.