A10 Networks (NYSE:ATEN) Stock Rating Lowered by StockNews.com

A10 Networks (NYSE:ATEN) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Other equities research analysts also recently issued research reports about the company. Craig Hallum lifted their target price on A10 Networks from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Wednesday, February 5th. BWS Financial reaffirmed a “buy” rating and set a $24.00 target price on shares of A10 Networks in a report on Wednesday, February 5th.

A10 Networks Stock Performance

Shares of NYSE ATEN opened at $21.11 on Friday. The company has a market cap of $1.56 billion, a PE ratio of 31.51 and a beta of 1.14. The business has a 50-day simple moving average of $19.35 and a two-hundred day simple moving average of $16.35. A10 Networks has a fifty-two week low of $12.27 and a fifty-two week high of $21.90.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.03. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. On average, sell-side analysts predict that A10 Networks will post 0.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB increased its position in shares of A10 Networks by 3,389.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider’s stock valued at $38,000 after buying an additional 2,000 shares in the last quarter. GAMMA Investing LLC increased its position in shares of A10 Networks by 43.5% during the fourth quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock worth $45,000 after purchasing an additional 744 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in shares of A10 Networks during the fourth quarter worth approximately $50,000. Quantbot Technologies LP increased its position in shares of A10 Networks by 95.4% during the third quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock worth $82,000 after purchasing an additional 2,762 shares in the last quarter. Finally, KBC Group NV increased its position in shares of A10 Networks by 79.1% during the fourth quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider’s stock worth $94,000 after purchasing an additional 2,251 shares in the last quarter. 98.61% of the stock is owned by institutional investors and hedge funds.

About A10 Networks

A10 Networks, Inc provides networking solutions in the Americas, Japan, rest of Asia Pacific, Europe, the Middle East, and Africa. The company offers Thunder Application Delivery Controller that provides advanced server load balancing; Thunder Carrier Grade Networking, which provides standards-compliant address and protocol translation services between varying types of internet protocol addresses; Thunder Secure Sockets Layer (SSL) Insight that decrypts SSL-encrypted traffic and forwards it to a third-party security device for deep packet inspection; and Thunder Convergent Firewall, which addresses multiple critical security capabilities in one package.