A10 Networks, Inc. (ATEN) CEO Lee Chen Sells 25,000 Shares

A10 Networks, Inc. (NYSE:ATEN) CEO Lee Chen sold 25,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $7.29, for a total transaction of $182,250.00. Following the transaction, the chief executive officer now directly owns 10,186,538 shares of the company’s stock, valued at $74,259,862.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Tuesday, October 31st, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $7.38, for a total transaction of $184,500.00.
  • On Monday, October 23rd, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $7.53, for a total transaction of $188,250.00.
  • On Friday, October 20th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $7.54, for a total transaction of $188,500.00.
  • On Thursday, October 12th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $7.62, for a total transaction of $190,500.00.
  • On Wednesday, October 4th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $7.73, for a total transaction of $193,250.00.
  • On Tuesday, September 26th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $6.57, for a total transaction of $164,250.00.
  • On Monday, September 18th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $6.66, for a total transaction of $166,500.00.
  • On Friday, September 15th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $6.72, for a total transaction of $168,000.00.
  • 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 transaction of $164,250.00.
  • On Wednesday, August 30th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $6.48, for a total transaction of $162,000.00.

A10 Networks, Inc. (NYSE:ATEN) traded up $0.04 during mid-day trading on Friday, hitting $7.26. 242,662 shares of the company’s stock were exchanged, compared to its average volume of 494,941. A10 Networks, Inc. has a one year low of $6.02 and a one year high of $9.94.

A10 Networks (NYSE:ATEN) last released its quarterly earnings results on Thursday, October 26th. The communications equipment provider reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. A10 Networks had a negative net margin of 6.94% and a negative return on equity of 17.63%. The company had revenue of $61.40 million for the quarter, compared to the consensus estimate of $59.46 million. A10 Networks’s revenue for the quarter was up 11.4% compared to the same quarter last year. sell-side analysts anticipate that A10 Networks, Inc. will post -0.21 earnings per share for the current fiscal year.

A10 Networks announced that its board has approved a share repurchase program on Thursday, October 26th that authorizes the company to buyback 20,000,000 outstanding shares. This buyback authorization authorizes the communications equipment provider to repurchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

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Several hedge funds have recently added to or reduced their stakes in ATEN. ETF Managers Group LLC bought a new stake in shares of A10 Networks during the 2nd quarter worth about $17,876,000. Vanguard Group Inc. raised its position in shares of A10 Networks by 17.1% during the 1st quarter. Vanguard Group Inc. now owns 3,374,761 shares of the communications equipment provider’s stock worth $30,879,000 after buying an additional 493,877 shares in the last quarter. Divisar Capital Management LLC raised its holdings in shares of 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 in the last quarter. Citadel Advisors LLC raised its holdings in shares of A10 Networks by 310.8% in the 3rd quarter. Citadel Advisors LLC now owns 401,613 shares of the communications equipment provider’s stock worth $3,036,000 after purchasing an additional 303,847 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of 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 in the last quarter. Institutional investors own 55.55% of the company’s stock.

A number of research analysts have issued reports on the stock. BidaskClub raised shares of A10 Networks from a “strong sell” rating to a “sell” rating in a research note on Friday, September 15th. Bank of America Corporation reduced their target price on shares of A10 Networks from $10.00 to $8.50 and set a “buy” rating for the company in a research note on Friday, July 14th. DA Davidson boosted their target price on shares of A10 Networks to $9.00 and gave the company a “buy” rating in a research note on Friday, July 14th. KeyCorp downgraded shares of A10 Networks from an “overweight” rating to a “sector weight” rating in a research report on Friday, July 14th. Finally, ValuEngine downgraded shares of A10 Networks from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $9.13.

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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