A10 Networks Inc (NYSE:ATEN) CEO Lee Chen sold 25,000 shares of the stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $8.78, for a total transaction of $219,500.00. Following the sale, the chief executive officer now owns 10,911,538 shares in the company, valued at approximately $95,803,303.64. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Wednesday, April 12th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $8.86, for a total transaction of $221,500.00.
  • On Tuesday, April 4th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $9.04, for a total transaction of $226,000.00.
  • On Monday, March 27th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $9.14, for a total transaction of $228,500.00.
  • On Friday, March 24th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $9.21, for a total transaction of $230,250.00.
  • On Thursday, March 16th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $9.24, for a total transaction of $231,000.00.
  • On Wednesday, March 8th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $9.16, for a total transaction of $229,000.00.
  • On Friday, February 17th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $9.52, for a total transaction of $238,000.00.

Shares of A10 Networks Inc (NYSE:ATEN) traded up 0.34% during mid-day trading on Friday, reaching $8.81. 225,354 shares of the company’s stock were exchanged. A10 Networks Inc has a 52-week low of $5.87 and a 52-week high of $10.86. The company has a 50 day moving average price of $9.05 and a 200 day moving average price of $8.73. The firm’s market cap is $520.05 million.



A10 Networks (NYSE:ATEN) last announced its quarterly earnings results on Thursday, February 9th. The communications equipment provider reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The business earned $64 million during the quarter, compared to analysts’ expectations of $60.87 million. A10 Networks had a negative net margin of 9.10% and a negative return on equity of 24.79%. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.06) EPS. Analysts forecast that A10 Networks Inc will post $0.11 earnings per share for the current fiscal year.

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

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A number of analysts have weighed in on the stock. Zacks Investment Research upgraded shares of A10 Networks from a “sell” rating to a “hold” rating in a research report on Tuesday, April 11th. Dougherty & Co raised their target price on shares of A10 Networks from $10.00 to $10.50 and gave the company a “buy” rating in a research report on Friday, February 10th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $9.30.

Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in shares of A10 Networks by 248.5% in the third quarter. JPMorgan Chase & Co. now owns 1,489,555 shares of the communications equipment provider’s stock valued at $15,924,000 after buying an additional 1,062,097 shares during the last quarter. Divisar Capital Management LLC purchased a new stake in shares of A10 Networks during the fourth quarter valued at $7,309,000. BlackRock Advisors LLC boosted its stake in shares of A10 Networks by 323.2% in the third quarter. BlackRock Advisors LLC now owns 684,097 shares of the communications equipment provider’s stock valued at $7,313,000 after buying an additional 522,447 shares during the last quarter. Two Sigma Advisers LP boosted its stake in shares of A10 Networks by 229.9% in the third quarter. Two Sigma Advisers LP now owns 543,396 shares of the communications equipment provider’s stock valued at $5,809,000 after buying an additional 378,696 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of A10 Networks by 364.0% in the third quarter. Prudential Financial Inc. now owns 366,096 shares of the communications equipment provider’s stock valued at $3,914,000 after buying an additional 287,196 shares during the last quarter. 54.05% of the stock is owned by institutional investors and hedge funds.

About A10 Networks

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.

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