Lee Chen Sells 25,000 Shares of A10 Networks Inc (ATEN) Stock

A10 Networks Inc (NYSE:ATEN) CEO Lee Chen sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $7.71, for a total transaction of $192,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Saturday, December 29th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $7.74, for a total transaction of $193,500.00.
  • On Friday, December 29th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $7.74, for a total transaction of $193,500.00.
  • On Thursday, December 21st, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $7.81, for a total transaction of $195,250.00.
  • On Wednesday, December 13th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $7.76, for a total transaction of $194,000.00.
  • On Tuesday, December 5th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $7.38, for a total transaction of $184,500.00.

Shares of A10 Networks Inc (ATEN) traded up $0.02 during mid-day trading on Thursday, reaching $7.74. 320,904 shares of the company’s stock were exchanged, compared to its average volume of 313,433. The firm has a market capitalization of $547.62, a PE ratio of -32.25 and a beta of 1.14. A10 Networks Inc has a 1 year low of $6.02 and a 1 year high of $9.94.

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

A10 Networks announced that its board has initiated a share repurchase plan on Thursday, October 26th that permits the company to buyback 20,000,000 outstanding shares. This buyback authorization permits the communications equipment provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

ATEN has been the topic of a number of recent research reports. BidaskClub raised shares of A10 Networks from a “strong sell” rating to a “sell” rating in a research report on Friday, September 15th. Zacks Investment Research raised shares of A10 Networks from a “strong sell” rating to a “hold” rating and set a $8.50 price target on the stock in a research report 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 issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $9.13.

Several institutional investors and hedge funds have recently bought and sold shares of ATEN. Stoneridge Investment Partners LLC purchased a new stake in shares of A10 Networks during the third quarter valued at approximately $109,000. Capital Fund Management S.A. purchased a new stake in shares of A10 Networks during the second quarter valued at approximately $149,000. Voya Investment Management LLC raised its stake in shares of A10 Networks by 21.2% during the second 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. Parametric Portfolio Associates LLC raised its stake in shares of A10 Networks by 59.8% during the second 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. Finally, Prudential Financial Inc. purchased a new stake in shares of A10 Networks during the second quarter valued at approximately $228,000. Institutional investors own 57.80% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Lee Chen Sells 25,000 Shares of A10 Networks Inc (ATEN) Stock” was originally posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/01/04/lee-chen-sells-25000-shares-of-a10-networks-inc-aten-stock-2.html.

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)

Receive News & Ratings for A10 Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A10 Networks and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply