A10 Networks (ATEN) Stake Increased by Geode Capital Management LLC

Geode Capital Management LLC raised its position in shares of A10 Networks (NYSE:ATEN) by 15.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 437,938 shares of the communications equipment provider’s stock after buying an additional 57,109 shares during the period. Geode Capital Management LLC owned about 0.62% of A10 Networks worth $3,380,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Spark Investment Management LLC acquired a new stake in shares of A10 Networks during the fourth quarter worth approximately $5,068,000. Virtu Financial LLC acquired a new stake in shares of A10 Networks during the fourth quarter worth approximately $107,000. Royce & Associates LP increased its holdings in shares of A10 Networks by 9.1% during the fourth quarter. Royce & Associates LP now owns 896,600 shares of the communications equipment provider’s stock worth $6,922,000 after buying an additional 75,100 shares in the last quarter. BlackRock Inc. increased its holdings in shares of A10 Networks by 3.3% during the fourth quarter. BlackRock Inc. now owns 4,600,752 shares of the communications equipment provider’s stock worth $35,518,000 after buying an additional 146,307 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of A10 Networks by 14.4% during the fourth quarter. Wells Fargo & Company MN now owns 138,014 shares of the communications equipment provider’s stock worth $1,065,000 after buying an additional 17,329 shares in the last quarter. 62.19% of the stock is owned by institutional investors.

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In other A10 Networks news, VP Gunter Reiss sold 4,210 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $6.31, for a total value of $26,565.10. Following the transaction, the vice president now directly owns 130,719 shares of the company’s stock, valued at $824,836.89. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Robert D. Cochran sold 10,197 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $5.98, for a total transaction of $60,978.06. The disclosure for this sale can be found here. 31.57% of the stock is owned by corporate insiders.

Several research firms have recently weighed in on ATEN. Zacks Investment Research lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Monday, January 1st. DA Davidson set a $8.00 price target on shares of A10 Networks and gave the company a “buy” rating in a research note on Wednesday, January 17th. ValuEngine cut shares of A10 Networks from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st. Finally, Dougherty & Co cut shares of A10 Networks from a “buy” rating to a “neutral” rating in a research note on Friday, March 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $8.00.

ATEN opened at $6.35 on Monday. A10 Networks has a one year low of $5.63 and a one year high of $9.75. The company has a market cap of $449.27, a PE ratio of -21.17 and a beta of 0.75.

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A10 Networks Profile

A10 Networks, Inc provides software and hardware solutions in the United States, Japan, and internationally. The company's products are built on advanced core operating system platform. It offers application delivery controllers that provide advanced server load balancing; lightning application delivery service, a cloud-native software-as-a-service platform designed to boost the delivery and security of applications and micro services; and carrier grade networking address translation product that offer network address and protocol translation services for service provider networks.

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Institutional Ownership by Quarter for A10 Networks (NYSE:ATEN)

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