A10 Networks, Inc. (NYSE:ATEN) CEO Lee Chen sold 25,000 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $6.66, for a total transaction of $166,500.00. Following the completion of the sale, the chief executive officer now directly owns 10,361,538 shares in the company, valued at approximately $69,007,843.08. 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 Friday, September 15th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was 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 stock was sold at an average price of $6.57, for a total transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $200,500.00.

Shares of A10 Networks, Inc. (NYSE:ATEN) opened at 6.58 on Wednesday. A10 Networks, Inc. has a 52 week low of $6.02 and a 52 week high of $10.87. The stock’s 50 day moving average is $6.53 and its 200-day moving average is $7.92. The company’s market cap is $388.42 million.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Thursday, July 27th. The communications equipment provider reported ($0.04) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.06. The company had revenue of $53.69 million for the quarter, compared to the consensus estimate of $52.99 million. A10 Networks had a negative net margin of 8.00% and a negative return on equity of 20.33%. The firm’s revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.02) EPS. On average, equities analysts anticipate that A10 Networks, Inc. will post ($0.08) earnings per share for the current year.

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A number of equities research analysts have issued reports on the stock. Bank of America Corporation cut their price target on shares of A10 Networks from $10.00 to $8.50 and set a “buy” rating on the stock in a report on Friday, July 14th. DA Davidson raised their price target on shares of A10 Networks to $9.00 and gave the stock a “buy” rating in a report on Friday, July 14th. KeyCorp lowered shares of A10 Networks from an “overweight” rating to a “sector weight” rating in a report on Friday, July 14th. BidaskClub lowered shares of A10 Networks from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research lowered shares of A10 Networks from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $9.60.

Hedge funds have recently bought and sold shares of the stock. Gotham Asset Management LLC purchased a new position in A10 Networks in the 1st quarter worth about $103,000. Tudor Investment Corp ET AL increased its stake in A10 Networks by 74.5% in the 1st quarter. Tudor Investment Corp ET AL now owns 45,900 shares of the communications equipment provider’s stock worth $420,000 after buying an additional 19,590 shares during the period. Airain ltd purchased a new position in A10 Networks in the 1st quarter worth about $112,000. Highbridge Capital Management LLC increased its stake in A10 Networks by 124.6% in the 1st quarter. Highbridge Capital Management LLC now owns 55,888 shares of the communications equipment provider’s stock worth $512,000 after buying an additional 31,000 shares during the period. Finally, US Bancorp DE increased its stake in A10 Networks by 618.0% in the 1st quarter. US Bancorp DE now owns 15,939 shares of the communications equipment provider’s stock worth $146,000 after buying an additional 13,719 shares during the period. 56.51% of the stock is currently owned by institutional investors.

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.

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

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