A10 Networks (ATEN) Stock Price Down 8%

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.

How to Become a New Pot Stock Millionaire

The stock has a market cap of $406.82, a PE ratio of -23.00 and a beta of 0.71.

In other A10 Networks news, VP Gunter Reiss sold 4,210 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $6.31, for a total value of $26,565.10. Following the completion of the transaction, the vice president now directly owns 130,719 shares in the company, valued at approximately $824,836.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lee Chen sold 25,000 shares of the company’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $7.74, for a total transaction of $193,500.00. Following the completion of the transaction, the chief executive officer now owns 10,011,538 shares of the company’s stock, valued at $77,489,304.12. The disclosure for this sale can be found here. Insiders have sold a total of 114,407 shares of company stock valued at $855,793 in the last three months. 31.57% of the stock is currently owned by corporate insiders.

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.

Latest News

Onix  Price Hits $0.0115 on Exchanges
Onix Price Hits $0.0115 on Exchanges
SuperCoin Hits Market Cap of $383,530.00
SuperCoin Hits Market Cap of $383,530.00
Barings Global Short Duratin Hgh Yld Fnd  Receiving Somewhat Negative Media Coverage, Analysis Finds
Barings Global Short Duratin Hgh Yld Fnd Receiving Somewhat Negative Media Coverage, Analysis Finds
Alliance National Municipal Income Fund  Receives Daily News Sentiment Rating of 0.42
Alliance National Municipal Income Fund Receives Daily News Sentiment Rating of 0.42
Harris  and FLIR Systems  Critical Comparison
Harris and FLIR Systems Critical Comparison
Brink’s  Releases FY18 Earnings Guidance
Brink’s Releases FY18 Earnings Guidance


© 2006-2018 Ticker Report. Google+.