California State Teachers Retirement System Acquires 20,577 Shares of A10 Networks Inc. (ATEN)
California State Teachers Retirement System raised its position in A10 Networks Inc. (NYSE:ATEN) by 28.6% during the second quarter, Holdings Channel reports. The fund owned 92,430 shares of the company’s stock after buying an additional 20,577 shares during the period. California State Teachers Retirement System owned 0.16% of A10 Networks worth $598,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the company. Bank of Montreal Can purchased a new position in shares of A10 Networks during the second quarter worth approximately $183,000. Harvest Capital Strategies LLC purchased a new position in shares of A10 Networks during the first quarter worth approximately $296,000. American Century Companies Inc. purchased a new position in shares of A10 Networks during the second quarter worth approximately $589,000. Acadian Asset Management LLC purchased a new position in shares of A10 Networks during the second quarter worth approximately $654,000. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of A10 Networks by 322.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 123,000 shares of the company’s stock worth $728,000 after buying an additional 93,900 shares during the period. Hedge funds and other institutional investors own 46.70% of the company’s stock.
Shares of A10 Networks Inc. (NYSE:ATEN) traded down 0.92% during midday trading on Thursday, reaching $9.72. 271,467 shares of the company traded hands. The stock’s market capitalization is $573.77 million. A10 Networks Inc. has a 12 month low of $4.84 and a 12 month high of $10.87. The company’s 50 day moving average is $10.11 and its 200-day moving average is $7.50.
A10 Networks (NYSE:ATEN) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.03. A10 Networks had a negative net margin of 14.10% and a negative return on equity of 37.97%. The company had revenue of $57.10 million for the quarter, compared to analysts’ expectations of $56.07 million. During the same period last year, the company earned ($0.09) EPS. The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. Equities research analysts forecast that A10 Networks Inc. will post ($0.09) earnings per share for the current fiscal year.
A number of brokerages have commented on ATEN. DA Davidson downgraded shares of A10 Networks from a “buy” rating to a “neutral” rating and set a $11.50 target price on the stock. in a research note on Wednesday. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th. Dougherty & Co boosted their price target on shares of A10 Networks from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Monday, August 29th. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $9.00 price target (up from $8.00) on shares of A10 Networks in a research note on Tuesday, August 2nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $9.17.
In other A10 Networks news, VP Robert D. Cochran sold 5,000 shares of the firm’s stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $7.00, for a total transaction of $35,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Robert D. Cochran sold 7,000 shares of the firm’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $9.91, for a total transaction of $69,370.00. Following the sale, the vice president now directly owns 146,728 shares in the company, valued at $1,454,074.48. The disclosure for this sale can be found here. Company insiders own 34.05% of the company’s stock.
About A10 Networks
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.
Want to see what other hedge funds are holding ATEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for A10 Networks Inc. (NYSE:ATEN).
Receive News & Ratings for A10 Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A10 Networks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.