StockNews.com Downgrades A10 Networks (NYSE:ATEN) to Hold

A10 Networks (NYSE:ATEN) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Several other research firms have also issued reports on ATEN. BWS Financial reiterated a “buy” rating and set a $24.00 price target on shares of A10 Networks in a research report on Wednesday, February 5th. Craig Hallum increased their price objective on shares of A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Wednesday, February 5th.

A10 Networks Trading Up 1.7 %

NYSE ATEN opened at $20.48 on Tuesday. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 30.57 and a beta of 1.14. The firm’s 50 day simple moving average is $19.65 and its 200 day simple moving average is $16.86. A10 Networks has a 1 year low of $12.27 and a 1 year high of $21.90.

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

Hedge Funds Weigh In On A10 Networks

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its stake in shares of A10 Networks by 5.7% during the third quarter. Geode Capital Management LLC now owns 1,662,442 shares of the communications equipment provider’s stock valued at $24,010,000 after acquiring an additional 89,175 shares during the last quarter. Barclays PLC raised its stake in shares of A10 Networks by 234.1% during the third quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider’s stock valued at $2,198,000 after acquiring an additional 106,672 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of A10 Networks by 359.3% during the fourth quarter. SG Americas Securities LLC now owns 32,607 shares of the communications equipment provider’s stock valued at $600,000 after acquiring an additional 25,508 shares during the last quarter. Quest Partners LLC raised its stake in shares of A10 Networks by 262.1% during the third quarter. Quest Partners LLC now owns 56,245 shares of the communications equipment provider’s stock valued at $812,000 after acquiring an additional 40,712 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of A10 Networks by 11.8% during the third quarter. Principal Financial Group Inc. now owns 389,088 shares of the communications equipment provider’s stock valued at $5,618,000 after acquiring an additional 41,141 shares during the last quarter. Institutional investors own 98.61% of the company’s stock.

A10 Networks Company Profile

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.