Shares of A10 Networks Inc (NYSE:ATEN) have received a consensus recommendation of “Buy” from the seven research firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $9.75.

ATEN has been the topic of a number of recent research reports. Zacks Investment Research raised A10 Networks from a “sell” rating to a “hold” rating in a research report on Monday, March 20th. KeyCorp cut shares of A10 Networks from an “overweight” rating to a “sector weight” rating in a research note on Friday. DA Davidson lifted their target price on shares of A10 Networks to $9.00 and gave the company a “buy” rating in a research note on Friday. Finally, Bank of America Corporation cut their target price on shares of A10 Networks from $10.00 to $8.50 and set a “buy” rating for the company in a research note on Friday.

A10 Networks (NYSE ATEN) traded up 1.30% during midday trading on Friday, reaching $7.01. The company’s stock had a trading volume of 1,720,143 shares. The firm’s market capitalization is $413.80 million. A10 Networks has a 12 month low of $6.35 and a 12 month high of $10.86. The stock’s 50-day moving average price is $8.39 and its 200-day moving average price is $8.65.

In related news, CEO Lee Chen sold 25,000 shares of the company’s stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $8.10, for a total value of $202,500.00. Following the transaction, the chief executive officer now owns 10,887,238 shares in the company, valued at approximately $88,186,627.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Robert D. Cochran sold 5,000 shares of the company’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $8.13, for a total transaction of $40,650.00. Following the completion of the transaction, the executive vice president now owns 189,662 shares in the company, valued at approximately $1,541,952.06. The disclosure for this sale can be found here. Insiders have sold a total of 312,702 shares of company stock worth $2,599,596 over the last three months. Insiders own 34.05% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in ATEN. Russell Investments Group Ltd. acquired a new position in shares of A10 Networks during the fourth quarter worth about $1,604,000. Putnam Investments LLC increased its stake in shares of A10 Networks by 1.9% in the fourth quarter. Putnam Investments LLC now owns 79,778 shares of the communications equipment provider’s stock worth $663,000 after buying an additional 1,475 shares during the period. Alambic Investment Management L.P. increased its stake in shares of A10 Networks by 191.1% in the first quarter. Alambic Investment Management L.P. now owns 153,404 shares of the communications equipment provider’s stock worth $1,404,000 after buying an additional 100,704 shares during the period. Boston Advisors LLC purchased a new stake in shares of A10 Networks during the first quarter worth $799,000. Finally, Airain ltd purchased a new stake in shares of A10 Networks during the first quarter worth $112,000. Institutional investors and hedge funds own 57.69% of the company’s stock.

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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.

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