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

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 note issued to investors on Friday.

A number of other equities analysts have also recently commented on ATEN. Craig Hallum boosted their price target on shares of A10 Networks from $16.00 to $18.00 and gave the stock a "hold" rating in a research note on Wednesday, February 5th. BWS Financial reaffirmed a "buy" rating and set a $24.00 price objective on shares of A10 Networks in a report on Wednesday, February 5th.

A10 Networks Stock Down 0.6 %

Shares of ATEN stock traded down $0.12 on Friday, reaching $20.19. The company's stock had a trading volume of 743,143 shares, compared to its average volume of 683,318. The company has a market capitalization of $1.49 billion, a P/E ratio of 30.13 and a beta of 1.14. A10 Networks has a 12-month low of $12.27 and a 12-month high of $21.90. The stock's 50 day simple moving average is $19.40 and its 200-day simple moving average is $16.51.

A10 Networks (NYSE:ATEN - Get Free Report) last announced 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%. Research analysts expect that A10 Networks will post 0.69 EPS for the current year.

Institutional Investors Weigh In On A10 Networks

A number of hedge funds have recently made changes to their positions in ATEN. MassMutual Private Wealth & Trust FSB grew its holdings in shares of 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 purchasing an additional 2,000 shares during the last quarter. GAMMA Investing LLC boosted its position in A10 Networks by 43.5% during the fourth quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider's stock valued at $45,000 after buying an additional 744 shares during the period. Sunbelt Securities Inc. bought a new position in shares of A10 Networks during the fourth quarter valued at about $50,000. KBC Group NV increased its holdings 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 worth $94,000 after buying an additional 2,251 shares during the period. Finally, Quantbot Technologies LP lifted its stake in shares of A10 Networks by 95.4% in the 3rd 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. 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.