A10 Networks, Inc. (NYSE:ATEN) CEO Lee Chen sold 25,000 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $6.72, for a total value of $168,000.00. Following the transaction, the chief executive officer now directly owns 10,386,538 shares of the company’s stock, valued at $69,797,535.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Thursday, September 7th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $6.57, for a total value of $164,250.00.
  • On Wednesday, August 30th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $8.06, for a total value of $201,500.00.

Shares of A10 Networks, Inc. (NYSE ATEN) traded up 0.61% on Monday, reaching $6.64. The company had a trading volume of 341,897 shares. The stock’s market cap is $391.96 million. A10 Networks, Inc. has a 12 month low of $6.02 and a 12 month high of $10.86. The stock has a 50-day moving average price of $6.56 and a 200-day moving average price of $7.98.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data on Thursday, July 27th. The communications equipment provider reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.06. The firm 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 for the quarter was down 6.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.02) EPS. Analysts predict that A10 Networks, Inc. will post ($0.08) earnings per share for the current fiscal year.

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Several research analysts have recently weighed in on the company. BidaskClub raised A10 Networks from a “strong sell” rating to a “sell” rating in a research report on Friday. ValuEngine cut A10 Networks from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Zacks Investment Research cut A10 Networks from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. 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. Finally, DA Davidson upped their price objective on A10 Networks to $9.00 and gave the stock a “buy” rating in a research report on Friday, July 14th. Three analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. A10 Networks presently has a consensus rating of “Hold” and an average price target of $9.60.

A number of institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its holdings in A10 Networks by 11.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,264 shares of the communications equipment provider’s stock worth $340,000 after purchasing an additional 4,083 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in A10 Networks by 77.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 35,386 shares of the communications equipment provider’s stock worth $299,000 after purchasing an additional 15,479 shares in the last quarter. State Street Corp increased its holdings in A10 Networks by 4.1% during the 2nd quarter. State Street Corp now owns 911,240 shares of the communications equipment provider’s stock worth $7,693,000 after purchasing an additional 36,263 shares in the last quarter. ETF Managers Group LLC bought a new stake in A10 Networks during the 2nd quarter worth approximately $17,876,000. Finally, Divisar Capital Management LLC increased its holdings in A10 Networks by 28.5% during 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. 56.51% of the stock is owned by hedge funds and other institutional investors.

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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