A10 Networks Inc (NYSE:ATEN) CEO Lee Chen sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $7.76, for a total transaction of $194,000.00. Following the sale, the chief executive officer now owns 10,061,538 shares of the company’s stock, valued at approximately $78,077,534.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Tuesday, December 5th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $7.66, for a total transaction of $191,500.00.
  • On Monday, November 27th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $8.11, for a total transaction of $202,750.00.
  • On Wednesday, November 22nd, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $8.07, for a total transaction of $201,750.00.
  • On Thursday, November 16th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $7.30, for a total transaction of $182,500.00.
  • On Wednesday, November 8th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $7.29, for a total transaction of $182,250.00.
  • On Tuesday, October 31st, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $7.38, for a total transaction of $184,500.00.
  • On Monday, October 23rd, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $7.53, for a total transaction of $188,250.00.
  • On Friday, October 20th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $7.54, for a total transaction of $188,500.00.
  • On Thursday, October 12th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was 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 stock was sold at an average price of $7.73, for a total transaction of $193,250.00.

Shares of A10 Networks Inc (NYSE ATEN) traded up $0.07 during midday trading on Thursday, hitting $7.82. 248,818 shares of the company traded hands, compared to its average volume of 490,283. 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 earnings results on Thursday, October 26th. The communications equipment provider reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.04. A10 Networks had a negative net margin of 6.94% and a negative return on equity of 17.63%. The company had revenue of $61.40 million for the quarter, compared to the consensus estimate of $59.46 million. A10 Networks’s revenue was up 11.4% on a year-over-year basis. analysts anticipate that A10 Networks Inc will post -0.21 EPS for the current year.

A10 Networks declared that its Board of Directors has initiated a share buyback plan on Thursday, October 26th that authorizes the company to buyback 20,000,000 outstanding shares. This buyback authorization authorizes the communications equipment provider to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Several equities analysts have recently weighed in on the stock. BidaskClub upgraded shares of A10 Networks from a “sell” rating to a “hold” rating in a research note on Saturday, September 30th. Zacks Investment Research upgraded shares of A10 Networks from a “strong sell” rating to a “hold” rating and set a $8.50 target price for the company in a research note on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. A10 Networks has an average rating of “Hold” and an average target price of $9.13.

Institutional investors have recently modified their holdings of the business. Stoneridge Investment Partners LLC purchased a new position in A10 Networks during the 3rd quarter valued at $109,000. Capital Fund Management S.A. purchased a new position in A10 Networks during the 2nd quarter valued at $149,000. Voya Investment Management LLC increased its position in A10 Networks by 21.2% during the 2nd quarter. Voya Investment Management LLC now owns 22,826 shares of the communications equipment provider’s stock valued at $193,000 after purchasing an additional 3,994 shares during the period. US Bancorp DE increased its position in A10 Networks by 45.2% during the 2nd quarter. US Bancorp DE now owns 23,147 shares of the communications equipment provider’s stock valued at $196,000 after purchasing an additional 7,208 shares during the period. Finally, Parametric Portfolio Associates LLC increased its position in A10 Networks by 59.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 24,450 shares of the communications equipment provider’s stock valued at $206,000 after purchasing an additional 9,154 shares during the period. 57.96% of the stock is currently owned by institutional investors and hedge funds.

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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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