American Century Companies Inc. Sells 168,819 Shares of A10 Networks Inc (ATEN)

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American Century Companies Inc. lowered its position in A10 Networks Inc (NYSE:ATEN) by 61.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 104,045 shares of the communications equipment provider’s stock after selling 168,819 shares during the quarter. American Century Companies Inc. owned about 0.15% of A10 Networks worth $606,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in ATEN. Millennium Management LLC grew its holdings in shares of A10 Networks by 1,033.5% in the fourth quarter. Millennium Management LLC now owns 1,269,858 shares of the communications equipment provider’s stock valued at $9,803,000 after purchasing an additional 1,157,827 shares during the period. Alliancebernstein L.P. boosted its stake in A10 Networks by 33.0% during the fourth quarter. Alliancebernstein L.P. now owns 3,876,042 shares of the communications equipment provider’s stock worth $29,923,000 after buying an additional 960,720 shares during the period. Spark Investment Management LLC purchased a new position in A10 Networks during the fourth quarter worth about $5,068,000. Renaissance Technologies LLC boosted its stake in A10 Networks by 22.0% during the fourth quarter. Renaissance Technologies LLC now owns 2,796,200 shares of the communications equipment provider’s stock worth $21,587,000 after buying an additional 503,500 shares during the period. Finally, Algert Global LLC boosted its stake in A10 Networks by 242.0% during the first quarter. Algert Global LLC now owns 454,269 shares of the communications equipment provider’s stock worth $2,644,000 after buying an additional 321,457 shares during the period. 65.47% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE ATEN traded up $0.06 during midday trading on Thursday, hitting $6.46. The company’s stock had a trading volume of 334,000 shares, compared to its average volume of 436,906. A10 Networks Inc has a 1 year low of $5.63 and a 1 year high of $8.85.

Several research analysts have weighed in on ATEN shares. ValuEngine lowered shares of A10 Networks from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st. DA Davidson lowered shares of A10 Networks from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $8.00 to $7.00 in a research note on Monday, March 19th. Zacks Investment Research raised shares of A10 Networks from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th. Finally, Dougherty & Co lowered 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 assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $8.00.

A10 Networks Company 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.

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

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