Shares of A10 Networks, Inc. (NYSE:ATEN) reached a new 52-week low during trading on Monday . The company traded as low as $6.06 and last traded at $6.08, with a volume of 431,276 shares. The stock had previously closed at $6.13.

Several equities analysts recently issued reports on ATEN shares. Zacks Investment Research upgraded A10 Networks from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a research report on Friday, May 5th. Bank of America Corporation dropped their price target on A10 Networks from $10.00 to $8.50 and set a “buy” rating on the stock in a research report on Friday, July 14th. ValuEngine cut A10 Networks from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. BidaskClub cut A10 Networks from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Finally, DA Davidson boosted their price target on A10 Networks to $9.00 and gave the company a “buy” rating in a research report on Friday, July 14th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $9.60.

The stock’s 50-day moving average is $7.06 and its 200 day moving average is $8.32. The company’s market cap is $358.59 million.

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

In other A10 Networks news, CEO Lee Chen sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $8.26, for a total value of $206,500.00. Following the sale, the chief executive officer now owns 10,786,538 shares in the company, valued at $89,096,803.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan S. Henricks sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $6.40, for a total transaction of $64,000.00. Following the completion of the sale, the director now owns 64,571 shares in the company, valued at approximately $413,254.40. The disclosure for this sale can be found here. Insiders sold 353,156 shares of company stock worth $2,680,244 in the last 90 days. 34.05% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its stake in shares of A10 Networks by 11.3% in the second quarter. The Manufacturers Life Insurance Company now owns 40,264 shares of the communications equipment provider’s stock valued at $340,000 after buying an additional 4,083 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of A10 Networks by 77.8% in the second quarter. Cubist Systematic Strategies LLC now owns 35,386 shares of the communications equipment provider’s stock valued at $299,000 after buying an additional 15,479 shares during the last quarter. State Street Corp raised its stake in shares of A10 Networks by 4.1% in the second quarter. State Street Corp now owns 911,240 shares of the communications equipment provider’s stock valued at $7,693,000 after buying an additional 36,263 shares during the last quarter. ETF Managers Group LLC purchased a new stake in shares of A10 Networks during the second quarter valued at approximately $17,876,000. Finally, Divisar Capital Management LLC raised its stake in shares of A10 Networks by 28.5% in the second quarter. Divisar Capital Management LLC now owns 1,437,849 shares of the communications equipment provider’s stock valued at $12,135,000 after buying an additional 319,179 shares during the last quarter. Institutional investors own 53.59% 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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