A10 Networks (NYSE:ATEN) Lowered to “Hold” Rating by StockNews.com

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

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

A10 Networks Stock Performance

Shares of NYSE ATEN opened at $20.16 on Tuesday. The firm has a market cap of $1.49 billion, a PE ratio of 30.09 and a beta of 1.14. The firm has a fifty day moving average of $19.58 and a 200 day moving average of $16.78. A10 Networks has a one year low of $12.27 and a one year 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 (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts predict that A10 Networks will post 0.69 EPS for the current fiscal year.

Institutional Trading of A10 Networks

Several hedge funds have recently made changes to their positions in ATEN. MassMutual Private Wealth & Trust FSB lifted its position in shares of A10 Networks by 3,389.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider’s stock worth $38,000 after purchasing an additional 2,000 shares in the last quarter. GAMMA Investing LLC lifted 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. acquired a new stake in shares of A10 Networks during the fourth quarter worth about $50,000. Quantbot Technologies LP lifted 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 lifted 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. Institutional investors and hedge funds own 98.61% of the company’s stock.

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.