TIAA CREF Investment Management LLC Buys 257,100 Shares of A10 Networks, Inc. (ATEN)

TIAA CREF Investment Management LLC Buys 257,100 Shares of A10 Networks, Inc. (ATEN)

TIAA CREF Investment Management LLC increased its position in A10 Networks, Inc. (NYSE:ATEN) by 74.6% during the third quarter, Holdings Channel reports. The firm owned 601,662 shares of the company’s stock after buying an additional 257,100 shares during the period. TIAA CREF Investment Management LLC owned 1.02% of A10 Networks worth $6,432,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the company. Acadian Asset Management LLC raised its stake in shares of A10 Networks by 0.4% in the third quarter. Acadian Asset Management LLC now owns 101,521 shares of the company’s stock worth $1,085,000 after buying an additional 429 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its stake in shares of A10 Networks by 3.8% in the second quarter. Dynamic Technology Lab Private Ltd now owns 35,819 shares of the company’s stock worth $232,000 after buying an additional 1,312 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of A10 Networks by 1.1% in the second quarter. Nationwide Fund Advisors now owns 128,758 shares of the company’s stock worth $833,000 after buying an additional 1,343 shares in the last quarter. American International Group Inc. raised its stake in shares of A10 Networks by 27.8% in the second quarter. American International Group Inc. now owns 25,374 shares of the company’s stock worth $164,000 after buying an additional 5,514 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of A10 Networks by 21.0% in the second quarter. Rhumbline Advisers now owns 39,197 shares of the company’s stock worth $254,000 after buying an additional 6,810 shares in the last quarter. Hedge funds and other institutional investors own 53.39% of the company’s stock.

A10 Networks, Inc. (NYSE:ATEN) traded up 1.39% on Friday, hitting $8.00. The stock had a trading volume of 158,960 shares. The firm’s 50-day moving average is $8.40 and its 200-day moving average is $8.70. The company’s market cap is $472.24 million. A10 Networks, Inc. has a 52-week low of $4.84 and a 52-week high of $10.87.

A number of equities research analysts have weighed in on ATEN shares. DA Davidson lowered A10 Networks from a “buy” rating to a “neutral” rating and set a $11.50 target price for the company. in a research report on Wednesday, October 5th. They noted that the move was a valuation call. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating and set a $11.00 target price on shares of A10 Networks in a research report on Thursday, October 27th. Finally, Dougherty & Co decreased their target price on A10 Networks from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $9.17.

In related news, VP Robert D. Cochran sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 5th. The stock was sold at an average price of $8.56, for a total value of $42,800.00. Following the completion of the transaction, the vice president now directly owns 122,228 shares in the company, valued at $1,046,271.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert D. Cochran sold 7,000 shares of the stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $7.96, for a total value of $55,720.00. The disclosure for this sale can be found here. Insiders sold 19,000 shares of company stock valued at $151,790 over the last 90 days. Company insiders own 34.05% of the company’s stock.

A10 Networks Company Profile

A10 Networks, Inc is a provider of application networking and network security technologies. The Company’s solutions enable enterprises, service providers, Web companies and government organizations to secure and optimize the performance of their data center applications, and secure their users, applications and infrastructure from Internet, Web and network threats at scale.

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