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 on Wednesday, November 8th. The shares were sold at an average price of $7.29, for a total value of $182,250.00. Following the completion of the transaction, the chief executive officer now owns 10,186,538 shares of the company’s stock, valued at $74,259,862.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • On Thursday, November 16th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $7.30, for a total value of $182,500.00.
  • 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 value 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.

A10 Networks, Inc. (NYSE:ATEN) traded up $0.07 during trading hours on Friday, reaching $7.43. 294,796 shares of the company’s stock were exchanged, compared to its average volume of 515,738. A10 Networks, Inc. has a one year low of $6.02 and a one year high of $9.94.

A10 Networks (NYSE:ATEN) last issued its earnings results on Thursday, October 26th. The communications equipment provider reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The business had revenue of $61.40 million for the quarter, compared to analyst estimates of $59.46 million. A10 Networks had a negative net margin of 6.94% and a negative return on equity of 17.63%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. equities research analysts predict that A10 Networks, Inc. will post -0.21 earnings per share for the current year.

A10 Networks announced that its Board of Directors has initiated a share repurchase plan on Thursday, October 26th that authorizes the company to repurchase 20,000,000 outstanding shares. This repurchase authorization authorizes the communications equipment provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

ILLEGAL ACTIVITY NOTICE: This report was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this report can be accessed at https://ledgergazette.com/2017/11/20/a10-networks-inc-aten-ceo-lee-chen-sells-25000-shares.html.

A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of A10 Networks from a “strong sell” rating to a “hold” rating and set a $8.50 price target for the company in a research report on Tuesday, October 17th. BidaskClub raised shares of A10 Networks from a “sell” rating to a “hold” rating in a research report on Saturday, September 30th. Finally, ValuEngine cut shares of A10 Networks from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $9.13.

Institutional investors have recently modified their holdings of the company. Gotham Asset Management LLC acquired a new stake in shares of A10 Networks in the 1st quarter valued at about $103,000. Campbell & CO Investment Adviser LLC raised its stake in A10 Networks by 1.3% during the second quarter. Campbell & CO Investment Adviser LLC now owns 11,826 shares of the communications equipment provider’s stock worth $100,000 after acquiring an additional 146 shares during the period. KCG Holdings Inc. acquired a new stake in A10 Networks during the first quarter worth about $115,000. Stoneridge Investment Partners LLC acquired a new stake in A10 Networks during the third quarter worth about $109,000. Finally, Capital Fund Management S.A. acquired a new stake in A10 Networks during the second quarter worth about $149,000. Institutional investors and hedge funds own 59.89% of the company’s stock.

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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