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

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

  • 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.
  • On Thursday, June 29th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $8.48, for a total value of $212,000.00.

A10 Networks, Inc. (NYSE ATEN) remained flat at $6.55 on Friday. The stock had a trading volume of 297,550 shares. The stock’s market cap is $386.65 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 of $6.53 and a 200 day moving average of $8.10.

A10 Networks (NYSE:ATEN) last posted its 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 firm 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 business’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.02) earnings per share. On average, equities analysts predict that A10 Networks, Inc. will post ($0.08) EPS for the current year.

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A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in A10 Networks by 6.9% during the second quarter. Vanguard Group Inc. now owns 3,608,991 shares of the communications equipment provider’s stock valued at $30,461,000 after acquiring an additional 234,230 shares during the period. Renaissance Technologies LLC boosted its holdings in A10 Networks by 7.4% during the second quarter. Renaissance Technologies LLC now owns 2,385,600 shares of the communications equipment provider’s stock valued at $20,134,000 after acquiring an additional 164,900 shares during the period. ETF Managers Group LLC bought a new stake in A10 Networks during the second quarter valued at about $17,876,000. Penserra Capital Management LLC boosted its holdings in A10 Networks by 5.3% during the first quarter. Penserra Capital Management LLC now owns 1,611,471 shares of the communications equipment provider’s stock valued at $14,744,000 after acquiring an additional 81,292 shares during the period. Finally, Divisar Capital Management LLC boosted its holdings in A10 Networks by 28.5% during the second quarter. Divisar Capital Management LLC now owns 1,437,849 shares of the communications equipment provider’s stock valued at $12,135,000 after acquiring an additional 319,179 shares during the period. Institutional investors own 56.51% of the company’s stock.

A number of brokerages have commented on ATEN. BidaskClub cut A10 Networks from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. ValuEngine cut A10 Networks from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Zacks Investment Research cut A10 Networks from a “hold” rating to a “sell” rating in a research note 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 on the stock in a research note on Friday, July 14th. Finally, DA Davidson boosted their price objective on A10 Networks to $9.00 and gave the stock a “buy” rating in a research note on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. A10 Networks currently has an average rating of “Hold” and an average target price of $9.60.

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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