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

A10 Networks Inc (NYSE:ATEN) CEO Lee Chen sold 25,000 shares of A10 Networks stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $7.66, for a total transaction of $191,500.00. Following the transaction, the chief executive officer now directly owns 10,086,538 shares of the company’s stock, valued at $77,262,881.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

  • On Monday, November 27th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $8.11, for a total transaction of $202,750.00.
  • On Wednesday, November 22nd, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $8.07, for a total transaction of $201,750.00.
  • On Thursday, November 16th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $7.30, for a total transaction of $182,500.00.
  • On Wednesday, November 8th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $7.29, for a total transaction of $182,250.00.
  • On Tuesday, October 31st, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $6.57, for a total transaction of $164,250.00.

Shares of A10 Networks Inc (NYSE:ATEN) traded up $0.04 during midday trading on Wednesday, hitting $7.70. 414,931 shares of the company’s stock were exchanged, compared to its average volume of 495,071. A10 Networks Inc has a one year low of $6.02 and a one year high of $9.94.

A10 Networks (NYSE:ATEN) last announced its earnings results on Thursday, October 26th. The communications equipment provider reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 during the quarter, compared to the consensus estimate of $59.46 million. A10 Networks’s quarterly revenue was up 11.4% on a year-over-year basis. sell-side analysts anticipate that A10 Networks Inc will post -0.21 EPS for the current year.

A10 Networks announced that its Board of Directors has approved a stock repurchase program on Thursday, October 26th that allows the company to buyback 20,000,000 shares. This buyback authorization allows the communications equipment provider to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Several large investors have recently modified their holdings of ATEN. Teachers Advisors LLC grew its position in shares of A10 Networks by 9.7% during the 1st quarter. Teachers Advisors LLC now owns 309,026 shares of the communications equipment provider’s stock worth $2,828,000 after buying an additional 27,293 shares during the period. Vanguard Group Inc. grew 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 during the period. Geode Capital Management LLC grew its position in shares of A10 Networks by 3.0% during the 1st quarter. Geode Capital Management LLC now owns 357,566 shares of the communications equipment provider’s stock worth $3,271,000 after buying an additional 10,372 shares during the period. KCG Holdings Inc. acquired a new stake in shares of A10 Networks during the 1st quarter worth approximately $115,000. Finally, Schwab Charles Investment Management Inc. grew its position in shares of A10 Networks by 5.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 145,246 shares of the communications equipment provider’s stock worth $1,330,000 after buying an additional 7,866 shares during the period. Institutional investors own 57.96% of the company’s stock.

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

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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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