A10 Networks, Inc. (NYSE:ATEN) CEO Lee Chen sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $7.54, for a total transaction of $188,500.00. Following the completion of the sale, the chief executive officer now directly owns 10,261,538 shares of the company’s stock, valued at approximately $77,371,996.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • 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 transaction 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 transaction 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 transaction of $164,250.00.
  • On Monday, September 18th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $6.66, for a total transaction of $166,500.00.
  • On Friday, September 15th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $6.34, for a total transaction of $158,500.00.

A10 Networks, Inc. (ATEN) traded down 0.27% on Monday, hitting $7.52. 500,253 shares of the stock traded hands. A10 Networks, Inc. has a 1-year low of $6.02 and a 1-year high of $9.94. The stock has a 50-day moving average price of $7.08 and a 200 day moving average price of $7.64. The company’s market cap is $443.91 million.

A10 Networks (NYSE:ATEN) last released its quarterly earnings data on Thursday, July 27th. The communications equipment provider reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.06. The company had revenue of $53.69 million during the quarter, compared to analyst estimates of $52.99 million. A10 Networks had a negative net margin of 8.00% and a negative return on equity of 20.33%. A10 Networks’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.02) EPS. On average, analysts anticipate that A10 Networks, Inc. will post ($0.03) EPS for the current fiscal year.

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Several research firms have recently weighed in on ATEN. Zacks Investment Research upgraded shares of A10 Networks from a “strong sell” rating to a “hold” rating and set a $8.50 price target for the company in a report on Tuesday, October 17th. BidaskClub upgraded shares of A10 Networks from a “sell” rating to a “hold” rating in a report on Saturday, September 30th. ValuEngine cut shares of A10 Networks from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Bank of America Corporation reduced their price target on shares of A10 Networks from $10.00 to $8.50 and set a “buy” rating for the company in a report on Friday, July 14th. Finally, DA Davidson upped their price target on shares of A10 Networks to $9.00 and gave the company a “buy” rating in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $9.50.

Large investors have recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC increased its stake in shares of A10 Networks by 1.3% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 11,826 shares of the communications equipment provider’s stock valued at $100,000 after acquiring an additional 146 shares in the last quarter. Gotham Asset Management LLC bought a new stake in shares of A10 Networks in the 1st quarter valued at $103,000. KCG Holdings Inc. bought a new stake in shares of A10 Networks in the 1st quarter valued at $115,000. Capital Fund Management S.A. bought a new stake in shares of A10 Networks in the 2nd quarter valued at $149,000. Finally, Citadel Advisors LLC bought a new stake in shares of A10 Networks in the 1st quarter valued at $189,000. Institutional investors own 56.51% of the company’s stock.

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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