Shares of A10 Networks Inc (NYSE:ATEN) have been given a consensus rating of “Hold” by the six brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $7.75.
ATEN has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of A10 Networks from a “hold” rating to a “sell” rating in a research note on Friday, January 19th. ValuEngine downgraded shares of A10 Networks from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st. Finally, DA Davidson set a $8.00 price target on shares of A10 Networks and gave the company a “buy” rating in a research note on Wednesday, January 17th.
In other news, CEO Lee Chen sold 25,000 shares of the business’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $7.81, for a total transaction of $195,250.00. Following the completion of the sale, the chief executive officer now directly owns 10,036,538 shares of the company’s stock, valued at $78,385,361.78. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Gunter Reiss sold 4,210 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $6.31, for a total transaction of $26,565.10. Following the sale, the vice president now directly owns 130,719 shares of the company’s stock, valued at $824,836.89. The disclosure for this sale can be found here. Over the last three months, insiders have sold 139,407 shares of company stock valued at $1,051,043. 31.57% of the stock is currently owned by insiders.
Shares of ATEN stock opened at $6.11 on Wednesday. A10 Networks has a 52 week low of $5.70 and a 52 week high of $9.75. The firm has a market cap of $439.37, a price-to-earnings ratio of -24.44 and a beta of 0.71.
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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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