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A10 Networks (NASDAQ:ATEN) CEO Lee Chen purchased 3,000 shares of A10 Networks stock on the open market in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average cost of $10.84 per share, for a total transaction of $32,520.00. Following the purchase, the chief executive officer now directly owns 10,566,222 shares of the company’s stock, valued at approximately $114,537,846. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

A10 Networks (NASDAQ:ATEN) opened at 11.44 on Friday. A10 Networks has a 52 week low of $10.20 and a 52 week high of $16.50. The stock’s 50-day moving average is $12.41 and its 200-day moving average is $13.06. The company’s market cap is $675.3 million.

A10 Networks (NASDAQ:ATEN) last released its earnings data on Thursday, May 1st. The company reported ($0.06) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.10) by $0.04. The company had revenue of $45.70 million for the quarter, compared to the consensus estimate of $42.80 million. During the same quarter in the prior year, the company posted ($0.12) earnings per share. The company’s quarterly revenue was up 54.4% on a year-over-year basis. Analysts expect that A10 Networks will post $-0.33 EPS for the current fiscal year.

A number of research firms have recently commented on ATEN. Analysts at JPMorgan Chase & Co. raised their price target on shares of A10 Networks from $16.00 to $17.00 in a research note on Friday, May 2nd. They now have an “overweight” rating on the stock. Separately, analysts at Zacks initiated coverage on shares of A10 Networks in a research note on Wednesday, April 23rd. They set a “hold” rating on the stock. Finally, analysts at Citigroup Inc. initiated coverage on shares of A10 Networks in a research note on Monday, April 21st. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $18.67.

A10 Networks, Inc (NASDAQ:ATEN) is a provider of advanced application networking technologies.

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