A10 Networks Inc (NYSE:ATEN) CEO Lee Chen sold 25,000 shares of the stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $7.54, for a total transaction of $188,500.00. Following the completion of the transaction, the chief executive officer now directly owns 9,961,538 shares of the company’s stock, valued at approximately $75,109,996.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Tuesday, January 2nd, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $7.71, for a total transaction of $192,750.00.
  • 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 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.

Shares of A10 Networks Inc (NYSE ATEN) traded down $0.09 during trading on Wednesday, reaching $7.42. 267,219 shares of the company’s stock traded hands, compared to its average volume of 367,266. The company has a market capitalization of $524.98, a PE ratio of -30.92 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 issued its quarterly earnings data on Thursday, October 26th. The communications equipment provider reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 quarterly revenue was up 11.4% compared to the same quarter last year. research analysts anticipate that A10 Networks Inc will post -0.21 earnings per share for the current fiscal year.

A10 Networks announced that its Board of Directors has authorized a stock buyback program on Thursday, October 26th that permits the company to buyback 20,000,000 outstanding shares. This buyback authorization permits the communications equipment provider to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

ATEN has been the subject of several 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 for the company in a research report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.13.

A number of institutional investors have recently modified their holdings of the business. Voya Investment Management LLC grew its stake in 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 worth $193,000 after buying an additional 3,994 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in A10 Networks by 11.3% during the second quarter. The Manufacturers Life Insurance Company now owns 40,264 shares of the communications equipment provider’s stock worth $340,000 after buying an additional 4,083 shares during the last quarter. Rhumbline Advisers grew its stake in A10 Networks by 13.3% during the second quarter. Rhumbline Advisers now owns 53,844 shares of the communications equipment provider’s stock worth $454,000 after buying an additional 6,316 shares during the last quarter. Bank of New York Mellon Corp grew its stake in A10 Networks by 3.2% during the second quarter. Bank of New York Mellon Corp now owns 216,671 shares of the communications equipment provider’s stock worth $1,829,000 after buying an additional 6,708 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in A10 Networks by 22.5% during the second quarter. Alliancebernstein L.P. now owns 41,400 shares of the communications equipment provider’s stock worth $349,000 after buying an additional 7,600 shares during the last quarter. 57.80% of the stock is currently owned by hedge funds and other institutional investors.

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A10 Networks Company Profile

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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