A10 Networks (NYSE:ATEN) Price Target Raised to $18.00 at Craig Hallum

A10 Networks (NYSE:ATEN) had its price objective increased by research analysts at Craig Hallum from $16.00 to $18.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the communications equipment provider’s stock. Craig Hallum’s target price would indicate a potential downside of 12.74% from the company’s previous close.

Several other brokerages have also recently issued reports on ATEN. BWS Financial reaffirmed a “buy” rating and set a $24.00 price objective on shares of A10 Networks in a research note on Wednesday. StockNews.com raised shares of A10 Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th.

A10 Networks Trading Up 1.7 %

Shares of NYSE:ATEN traded up $0.35 on Wednesday, hitting $20.63. 398,973 shares of the company were exchanged, compared to its average volume of 610,259. A10 Networks has a 1-year low of $12.27 and a 1-year high of $20.80. The stock’s 50 day moving average price is $18.58 and its 200 day moving average price is $15.76. The firm has a market capitalization of $1.52 billion, a P/E ratio of 30.78 and a beta of 1.14.

A10 Networks (NYSE:ATEN) last issued its 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 19.29% and a return on equity of 22.69%. On average, equities analysts predict that A10 Networks will post 0.6 EPS for the current fiscal year.

Insider Activity at A10 Networks

In other A10 Networks news, EVP Karen S. Thomas sold 6,162 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $16.70, for a total transaction of $102,905.40. Following the completion of the sale, the executive vice president now directly owns 23,799 shares in the company, valued at $397,443.30. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.82% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB increased its stake in A10 Networks by 3,389.8% during the 4th 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 during the period. Copeland Capital Management LLC acquired a new stake in A10 Networks in the third quarter valued at approximately $43,000. GAMMA Investing LLC lifted its stake in A10 Networks by 43.5% in the fourth quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock valued at $45,000 after acquiring an additional 744 shares during the last quarter. Quantbot Technologies LP lifted its stake in A10 Networks by 95.4% in the third quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock valued at $82,000 after acquiring an additional 2,762 shares during the last quarter. Finally, KBC Group NV raised its position in shares of A10 Networks by 79.1% in the fourth quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider’s stock valued at $94,000 after purchasing an additional 2,251 shares during the period. 98.61% of the stock is currently owned by institutional investors.

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.