A10 Networks, Inc. (ATEN) CEO Sells $162,000.00 in Stock

A10 Networks, Inc. (NYSE:ATEN) CEO Lee Chen sold 25,000 shares of A10 Networks stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $6.48, for a total value of $162,000.00. Following the completion of the sale, the chief executive officer now owns 10,436,538 shares of the company’s stock, valued at $67,628,766.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Thursday, September 7th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $6.57, for a total value of $164,250.00.
  • On Tuesday, August 22nd, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $6.09, for a total value 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 value of $160,250.00.
  • On Friday, August 11th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was 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 value 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 value 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 value 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 value of $212,000.00.

A10 Networks, Inc. (NYSE ATEN) traded down 4.49% during trading on Friday, reaching $6.60. The company had a trading volume of 2,613,898 shares. The stock has a 50 day moving average price of $6.56 and a 200 day moving average price of $7.98. A10 Networks, Inc. has a 52 week low of $6.02 and a 52 week high of $10.87. The firm’s market capitalization is $389.60 million.

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

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A number of analysts recently issued reports on ATEN shares. Bank of America Corporation decreased their price objective on A10 Networks from $10.00 to $8.50 and set a “buy” rating on the stock in a research note on Friday, July 14th. ValuEngine lowered A10 Networks from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. BidaskClub lowered A10 Networks from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Zacks Investment Research lowered A10 Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Finally, DA Davidson increased their target price on A10 Networks to $9.00 and gave the company a “buy” rating in a report on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $9.60.

Several hedge funds and other institutional investors have recently made changes to their positions in ATEN. Teachers Advisors LLC lifted its holdings in shares of A10 Networks by 133.0% in the fourth quarter. Teachers Advisors LLC now owns 281,733 shares of the communications equipment provider’s stock valued at $2,341,000 after purchasing an additional 160,815 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of A10 Networks by 26.2% during the first quarter. Acadian Asset Management LLC now owns 950,865 shares of the communications equipment provider’s stock valued at $8,701,000 after buying an additional 197,699 shares during the period. Wells Fargo & Company MN lifted its stake in shares of A10 Networks by 28.3% during the first quarter. Wells Fargo & Company MN now owns 160,519 shares of the communications equipment provider’s stock valued at $1,468,000 after buying an additional 35,385 shares during the period. American Century Companies Inc. lifted its stake in shares of A10 Networks by 2.5% during the first quarter. American Century Companies Inc. now owns 76,115 shares of the communications equipment provider’s stock valued at $696,000 after buying an additional 1,870 shares during the period. Finally, US Bancorp DE lifted its stake in shares of A10 Networks by 618.0% during the first quarter. US Bancorp DE now owns 15,939 shares of the communications equipment provider’s stock valued at $146,000 after buying an additional 13,719 shares during the period. 56.51% of the stock is currently owned by institutional investors.

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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