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

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

A number of other analysts have also weighed in on the company. BWS Financial reiterated a “buy” rating and issued a $24.00 target price on shares of A10 Networks in a research note on Wednesday, February 5th. Craig Hallum increased their target price on A10 Networks from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Wednesday, February 5th.

A10 Networks Stock Down 1.7 %

Shares of 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 fifty day moving average of $19.35 and a 200 day moving average of $16.35. A10 Networks has a 52-week low of $12.27 and a 52-week high of $21.90.

A10 Networks (NYSE:ATEN) last released its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. As a group, research analysts anticipate that A10 Networks will post 0.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On A10 Networks

Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC increased 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 buying an additional 89,175 shares during the period. Barclays PLC increased 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 buying an additional 106,672 shares during the period. Quest Partners LLC increased 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 buying an additional 40,712 shares during the period. Principal Financial Group Inc. grew its stake in A10 Networks by 11.8% in 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 purchasing an additional 41,141 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in A10 Networks by 359.3% in the fourth quarter. SG Americas Securities LLC now owns 32,607 shares of the communications equipment provider’s stock valued at $600,000 after purchasing an additional 25,508 shares during the last quarter. Hedge funds and other 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.