A10 Networks Inc (NYSE:ATEN) 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 transaction of $26,565.10. Following the completion of the transaction, the vice president now owns 130,719 shares of the company’s stock, valued at $824,836.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
A10 Networks Inc (NYSE ATEN) traded up $0.01 on Friday, reaching $6.28. 26,630 shares of the company traded hands, compared to its average volume of 677,977. A10 Networks Inc has a 1 year low of $5.70 and a 1 year high of $9.75.
A10 Networks announced that its board has initiated a stock repurchase plan on Thursday, October 26th that authorizes the company to repurchase 20,000,000 outstanding shares. This repurchase authorization authorizes the communications equipment provider to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
ATEN has been the subject of several analyst reports. DA Davidson set a $8.00 target price on shares of A10 Networks and gave the company a “buy” rating in a research note on Wednesday, January 17th. Zacks Investment Research downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a research note on Monday, January 1st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $8.33.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in A10 Networks by 3.3% in the fourth quarter. BlackRock Inc. now owns 4,600,752 shares of the communications equipment provider’s stock valued at $35,518,000 after acquiring an additional 146,307 shares in the last quarter. Alliancebernstein L.P. raised its holdings in A10 Networks by 33.0% in the fourth quarter. Alliancebernstein L.P. now owns 3,876,042 shares of the communications equipment provider’s stock valued at $29,923,000 after acquiring an additional 960,720 shares in the last quarter. Vanguard Group Inc. raised its holdings in A10 Networks by 6.9% in the second quarter. Vanguard Group Inc. now owns 3,608,991 shares of the communications equipment provider’s stock valued at $30,461,000 after acquiring an additional 234,230 shares in the last quarter. Renaissance Technologies LLC raised its holdings in A10 Networks by 22.0% in the fourth quarter. Renaissance Technologies LLC now owns 2,796,200 shares of the communications equipment provider’s stock valued at $21,587,000 after acquiring an additional 503,500 shares in the last quarter. Finally, Divisar Capital Management LLC raised its holdings in A10 Networks by 15.1% in the fourth quarter. Divisar Capital Management LLC now owns 2,390,453 shares of the communications equipment provider’s stock valued at $18,454,000 after acquiring an additional 314,235 shares in the last quarter. 61.37% of the stock is currently owned by hedge funds and other institutional investors.
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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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