Lee Chen Sells 25,000 Shares of A10 Networks, Inc. (NYSE:ATEN) Stock

A10 Networks, Inc. (NYSE:ATEN) CEO Lee Chen sold 25,000 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $6.57, for a total transaction of $164,250.00. Following the completion of the transaction, the chief executive officer now owns 10,411,538 shares in the company, valued at $68,403,804.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Lee Chen also recently made the following trade(s):

  • On Wednesday, August 30th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $6.48, for a total transaction of $162,000.00.
  • On Tuesday, August 22nd, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $6.09, for a total transaction of $152,250.00.
  • On Monday, August 14th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $6.41, for a total transaction of $160,250.00.
  • On Friday, August 11th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $6.34, for a total value of $158,500.00.
  • On Thursday, August 3rd, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $6.81, for a total value of $170,250.00.
  • On Wednesday, July 26th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $6.35, for a total value of $158,750.00.
  • On Tuesday, July 18th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $6.99, for a total transaction of $174,750.00.
  • On Monday, July 10th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $8.02, for a total transaction of $200,500.00.
  • On Friday, July 7th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $8.06, for a total transaction of $201,500.00.
  • On Thursday, June 29th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $8.48, for a total transaction of $212,000.00.

Shares of A10 Networks, Inc. (NYSE ATEN) opened at 6.60 on Friday. A10 Networks, Inc. has a 12 month low of $6.02 and a 12 month high of $10.87. The stock’s market capitalization is $389.60 million. The stock’s 50 day moving average price is $6.56 and its 200 day moving average price is $7.98.

A10 Networks (NYSE:ATEN) last announced its earnings results on Thursday, July 27th. The communications equipment provider reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.06. A10 Networks had a negative return on equity of 20.33% and a negative net margin of 8.00%. The firm had revenue of $53.69 million for the quarter, compared to the consensus estimate of $52.99 million. During the same period in the previous year, the business earned ($0.02) EPS. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. Analysts expect that A10 Networks, Inc. will post ($0.08) EPS for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ATEN. ETF Managers Group LLC acquired a new position in A10 Networks in the 2nd quarter worth about $17,876,000. Vanguard Group Inc. raised its holdings in A10 Networks by 17.1% in the 1st quarter. Vanguard Group Inc. now owns 3,374,761 shares of the communications equipment provider’s stock worth $30,879,000 after purchasing an additional 493,877 shares during the period. Divisar Capital Management LLC raised its holdings in A10 Networks by 28.5% in the 2nd quarter. Divisar Capital Management LLC now owns 1,437,849 shares of the communications equipment provider’s stock worth $12,135,000 after purchasing an additional 319,179 shares during the period. Renaissance Technologies LLC raised its holdings in A10 Networks by 7.4% in the 2nd quarter. Renaissance Technologies LLC now owns 2,385,600 shares of the communications equipment provider’s stock worth $20,134,000 after purchasing an additional 164,900 shares during the period. Finally, Teachers Advisors LLC increased its stake in A10 Networks by 133.0% during the 4th quarter. Teachers Advisors LLC now owns 281,733 shares of the communications equipment provider’s stock worth $2,341,000 after buying an additional 160,815 shares in the last quarter. 56.51% of the stock is owned by institutional investors.

Several analysts have recently commented on the stock. BidaskClub raised shares of A10 Networks from a “strong sell” rating to a “sell” rating in a research report on Friday. Bank of America Corporation reduced their price objective on shares of A10 Networks from $10.00 to $8.50 and set a “buy” rating for the company in a research report on Friday, July 14th. DA Davidson raised their price objective on shares of A10 Networks to $9.00 and gave the stock a “buy” rating in a research report on Friday, July 14th. KeyCorp cut A10 Networks from an “overweight” rating to a “sector weight” rating in a report on Friday, July 14th. Finally, ValuEngine cut A10 Networks from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. A10 Networks has an average rating of “Hold” and a consensus price target of $9.60.

A10 Networks Company Profile

A10 Networks, Inc is a provider of software and hardware solutions. The Company’s solutions enable its customers to secure and optimize the performance of their data center and cloud applications, and secure their users, applications and infrastructure from Internet, Web and network threats at scale.

Insider Buying and Selling by Quarter for A10 Networks (NYSE:ATEN)

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