UBS Asset Management Americas Inc. maintained its position in A10 Networks, Inc. (NYSE:ATEN) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,100 shares of the communications equipment provider’s stock at the end of the first quarter. UBS Asset Management Americas Inc.’s holdings in A10 Networks were worth $129,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Acadian Asset Management LLC raised its stake in A10 Networks by 26.2% in the first quarter. Acadian Asset Management LLC now owns 950,865 shares of the communications equipment provider’s stock valued at $8,701,000 after buying an additional 197,699 shares during the last quarter. Teachers Advisors LLC raised its stake in A10 Networks by 133.0% in the fourth quarter. Teachers Advisors LLC now owns 281,733 shares of the communications equipment provider’s stock valued at $2,341,000 after buying an additional 160,815 shares during the last quarter. Capital Impact Advisors LLC bought a new stake in A10 Networks during the first quarter valued at $1,388,000. Essex Investment Management Co. LLC bought a new stake in A10 Networks during the first quarter valued at $1,282,000. Finally, Boston Advisors LLC bought a new stake in A10 Networks during the first quarter valued at $799,000. Hedge funds and other institutional investors own 57.00% of the company’s stock.

Shares of A10 Networks, Inc. (ATEN) opened at 6.80 on Monday. The stock’s market cap is $401.40 million. A10 Networks, Inc. has a 12-month low of $6.09 and a 12-month high of $10.86. The company’s 50-day moving average price is $7.78 and its 200 day moving average price is $8.47.

A10 Networks (NYSE:ATEN) last released its quarterly earnings data on Thursday, July 27th. The communications equipment provider reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.06. The company had revenue of $53.69 million for the quarter, compared to analyst estimates of $52.99 million. A10 Networks had a negative return on equity of 20.33% and a negative net margin of 8.00%. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.02) earnings per share. On average, equities analysts predict that A10 Networks, Inc. will post ($0.08) earnings per share for the current year.

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Several analysts recently weighed in on ATEN shares. DA Davidson increased their price target on A10 Networks to $9.00 and gave the company a “buy” rating in a report on Friday, July 14th. Zacks Investment Research lowered A10 Networks from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th. KeyCorp lowered A10 Networks from an “overweight” rating to a “sector weight” rating in a report on Friday, July 14th. Bank of America Corporation decreased their price target on A10 Networks from $10.00 to $8.50 and set a “buy” rating on the stock in a report on Friday, July 14th. Finally, BidaskClub lowered A10 Networks from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $9.60.

In other news, EVP Robert D. Cochran sold 5,000 shares of the company’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $8.13, for a total value of $40,650.00. Following the transaction, the executive vice president now owns 189,662 shares of the company’s stock, valued at approximately $1,541,952.06. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Raymond J. Smets sold 6,890 shares of the company’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $8.16, for a total value of $56,222.40. Following the completion of the transaction, the executive vice president now directly owns 169,060 shares in the company, valued at approximately $1,379,529.60. The disclosure for this sale can be found here. Insiders have sold 337,702 shares of company stock worth $2,681,346 in the last three months. 34.05% of the stock is currently owned by corporate insiders.

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.

Institutional Ownership by Quarter for A10 Networks (NYSE:ATEN)

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