A10 Networks Inc (NYSE:ATEN) VP Sells $18,868.85 in Stock

A10 Networks Inc (NYSE:ATEN) VP Gunter Reiss sold 2,639 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $7.15, for a total transaction of $18,868.85. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of A10 Networks stock traded down $0.07 during trading hours on Friday, reaching $7.26. 177,514 shares of the company’s stock were exchanged, compared to its average volume of 402,053. The company has a 50 day moving average of $6.79 and a two-hundred day moving average of $6.82. A10 Networks Inc has a fifty-two week low of $5.72 and a fifty-two week high of $8.29. The stock has a market cap of $546.95 million, a P/E ratio of -33.00 and a beta of 0.76.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Tuesday, October 29th. The communications equipment provider reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.01. A10 Networks had a negative net margin of 9.10% and a negative return on equity of 18.06%. The company had revenue of $52.83 million during the quarter. Equities analysts predict that A10 Networks Inc will post -0.22 earnings per share for the current year.

A number of equities analysts have recently commented on the stock. TheStreet upgraded shares of A10 Networks from a “d+” rating to a “c-” rating in a research note on Wednesday. Zacks Investment Research downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Finally, ValuEngine upgraded shares of A10 Networks from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th.

Several hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN raised its holdings in shares of A10 Networks by 2.3% in the 2nd quarter. Wells Fargo & Company MN now owns 98,322 shares of the communications equipment provider’s stock valued at $671,000 after purchasing an additional 2,172 shares during the period. AQR Capital Management LLC raised its holdings in shares of A10 Networks by 1.5% in the 2nd quarter. AQR Capital Management LLC now owns 209,947 shares of the communications equipment provider’s stock valued at $1,432,000 after purchasing an additional 3,037 shares during the period. Quantamental Technologies LLC raised its holdings in shares of A10 Networks by 2,000.0% in the 2nd quarter. Quantamental Technologies LLC now owns 4,935 shares of the communications equipment provider’s stock valued at $34,000 after purchasing an additional 4,700 shares during the period. Prudential Financial Inc. raised its holdings in shares of A10 Networks by 25.6% in the 2nd quarter. Prudential Financial Inc. now owns 23,436 shares of the communications equipment provider’s stock valued at $160,000 after purchasing an additional 4,780 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of A10 Networks by 2.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 253,387 shares of the communications equipment provider’s stock valued at $1,728,000 after purchasing an additional 6,120 shares during the period. 68.41% of the stock is currently owned by institutional investors.

About A10 Networks

A10 Networks, Inc provides software and hardware solutions in the United States, Japan, other Asia Pacific and EMEA countries, and internationally. The company offers Thunder application delivery controller (ADC) that provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to boost the delivery and security of applications and micro services; and Thunder carrier grade network address translation product, which offers network address and protocol translation services for service provider networks.

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