A10 Networks, Inc. (NYSE:ATEN) CEO Lee Chen sold 25,000 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $6.57, for a total value of $164,250.00. Following the completion of the transaction, the chief executive officer now owns 10,411,538 shares of the company’s stock, valued at approximately $68,403,804.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • 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 value of $162,000.00.
  • 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 shares were 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 shares were 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.

Shares of A10 Networks, Inc. (NYSE:ATEN) opened at 6.55 on Friday. A10 Networks, Inc. has a 12 month low of $6.02 and a 12 month high of $10.87. The stock’s market cap is $386.65 million. The firm has a 50-day moving average price of $6.52 and a 200-day moving average price of $8.08.

A10 Networks (NYSE:ATEN) last released its quarterly earnings data on Thursday, July 27th. The communications equipment provider reported ($0.04) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.06. The business had revenue of $53.69 million during the quarter, compared to analyst estimates of $52.99 million. A10 Networks had a negative return on equity of 20.33% and a negative net margin of 8.00%. The company’s revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.02) EPS. Equities analysts forecast that A10 Networks, Inc. will post ($0.08) EPS for the current year.

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A number of analysts recently commented on ATEN shares. Bank of America Corporation reduced their price objective on A10 Networks from $10.00 to $8.50 and set a “buy” rating for the company in a research report on Friday, July 14th. DA Davidson upped their price objective on A10 Networks to $9.00 and gave the company a “buy” rating in a research report on Friday, July 14th. KeyCorp cut A10 Networks from an “overweight” rating to a “sector weight” rating in a research report on Friday, July 14th. ValuEngine cut A10 Networks from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, BidaskClub cut A10 Networks from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $9.60.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Campbell & CO Investment Adviser LLC raised its stake in shares of A10 Networks by 1.3% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 11,826 shares of the communications equipment provider’s stock valued at $100,000 after buying an additional 146 shares during the last quarter. American International Group Inc. raised its stake in shares of A10 Networks by 7.1% during the 1st quarter. American International Group Inc. now owns 27,138 shares of the communications equipment provider’s stock valued at $248,000 after buying an additional 1,792 shares during the last quarter. American Century Companies Inc. raised its stake in shares of A10 Networks by 2.5% during the 1st 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 last quarter. CAPROCK Group Inc. raised its stake in shares of A10 Networks by 9.3% during the 2nd quarter. CAPROCK Group Inc. now owns 27,080 shares of the communications equipment provider’s stock valued at $229,000 after buying an additional 2,310 shares during the last quarter. Finally, Voya Investment Management LLC raised its stake in shares of A10 Networks by 21.2% during the 2nd quarter. Voya Investment Management LLC now owns 22,826 shares of the communications equipment provider’s stock valued at $193,000 after buying an additional 3,994 shares during the last quarter. Institutional investors and hedge funds own 56.51% 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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