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

A10 Networks (NYSE:ATEN - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Tuesday.

ATEN has been the subject of several other reports. Craig Hallum upped 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 reissued a "buy" rating and issued a $24.00 price objective on shares of A10 Networks in a report on Wednesday, February 5th.

A10 Networks Stock Down 0.8 %

NYSE:ATEN traded down $0.16 on Tuesday, reaching $19.53. 293,507 shares of the company's stock traded hands, compared to its average volume of 700,879. The stock has a 50-day simple moving average of $19.67 and a 200-day simple moving average of $16.87. A10 Networks has a 12 month low of $12.27 and a 12 month high of $21.90. The firm has a market cap of $1.44 billion, a PE ratio of 29.15 and a beta of 1.14.

A10 Networks (NYSE:ATEN - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 EPS 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, equities analysts anticipate that A10 Networks will post 0.69 earnings per share for the current year.

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Hedge Funds Weigh In On A10 Networks

Hedge funds and other institutional investors have recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB increased its holdings in 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 during the last quarter. GAMMA Investing LLC increased its stake in A10 Networks by 43.5% in the 4th quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider's stock valued at $45,000 after purchasing an additional 744 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in A10 Networks during the fourth quarter worth about $50,000. KBC Group NV lifted 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 acquiring an additional 2,251 shares in the last quarter. Finally, Quantbot Technologies LP boosted its position in 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 acquiring an additional 2,762 shares during the last quarter. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

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.