A10 Networks Inc (NYSE:ATEN) CEO Lee Chen sold 25,000 shares of A10 Networks stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $7.66, for a total value of $191,500.00. Following the completion of the transaction, the chief executive officer now owns 10,086,538 shares in the company, valued at approximately $77,262,881.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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 value 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 value of $201,750.00.
  • On Thursday, November 16th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $7.30, for a total value of $182,500.00.
  • On Wednesday, November 8th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $7.29, for a total value of $182,250.00.
  • On Tuesday, October 31st, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $7.38, for a total value of $184,500.00.
  • On Monday, October 23rd, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $7.53, for a total value of $188,250.00.
  • On Friday, October 20th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $7.54, for a total value of $188,500.00.
  • On Thursday, October 12th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $7.62, for a total value of $190,500.00.
  • On Wednesday, October 4th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $7.73, for a total value of $193,250.00.
  • On Tuesday, September 26th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $6.57, for a total value of $164,250.00.

Shares of A10 Networks Inc (NYSE ATEN) traded down $0.08 on Friday, hitting $7.70. The stock had a trading volume of 229,820 shares, compared to its average volume of 545,585. A10 Networks Inc has a 12-month low of $6.02 and a 12-month high of $9.94.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings results on Thursday, October 26th. The communications equipment provider reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. A10 Networks had a negative return on equity of 17.63% and a negative net margin of 6.94%. The firm had revenue of $61.40 million for the quarter, compared to analysts’ expectations of $59.46 million. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. research analysts predict that A10 Networks Inc will post -0.21 earnings per share for the current year.

A10 Networks declared that its Board of Directors has authorized a share repurchase program on Thursday, October 26th that permits the company to repurchase 20,000,000 shares. This repurchase authorization permits the communications equipment provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Several analysts have weighed in on the company. Zacks Investment Research raised A10 Networks from a “strong sell” rating to a “hold” rating and set a $8.50 price objective on the stock in a research report on Tuesday, October 17th. BidaskClub raised A10 Networks from a “sell” rating to a “hold” rating in a research report on Saturday, September 30th. One equities research analyst has 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 an average rating of “Hold” and a consensus price target of $9.13.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. New York State Common Retirement Fund raised its holdings in A10 Networks by 41.0% in the 2nd quarter. New York State Common Retirement Fund now owns 52,300 shares of the communications equipment provider’s stock worth $441,000 after acquiring an additional 15,199 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in A10 Networks in the 2nd quarter worth approximately $1,046,000. Schwab Charles Investment Management Inc. raised its holdings in A10 Networks by 5.7% in 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 acquiring an additional 7,866 shares during the last quarter. Northern Trust Corp raised its stake in A10 Networks by 11.7% during the 2nd quarter. Northern Trust Corp now owns 562,869 shares of the communications equipment provider’s stock valued at $4,751,000 after buying an additional 59,162 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY raised its stake in A10 Networks by 20.1% during the 3rd quarter. Paradigm Capital Management Inc. NY now owns 243,400 shares of the communications equipment provider’s stock valued at $1,840,000 after buying an additional 40,770 shares during the last quarter. Institutional investors own 57.96% of the company’s stock.

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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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