A10 Networks, Inc. (NYSE:ATEN) CEO Lee Chen sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $6.34, for a total transaction of $158,500.00. Following the completion of the sale, the chief executive officer now owns 10,511,538 shares in the company, valued at $66,643,150.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

  • 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $212,000.00.
  • On Wednesday, June 21st, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $8.46, for a total transaction of $211,500.00.
  • On Tuesday, June 13th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $8.49, for a total transaction of $212,250.00.
  • On Monday, June 5th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $8.37, for a total transaction of $209,250.00.
  • On Friday, June 2nd, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $8.48, for a total transaction of $212,000.00.

A10 Networks, Inc. (ATEN) traded up 0.32% during midday trading on Friday, hitting $6.31. 479,145 shares of the stock were exchanged. A10 Networks, Inc. has a one year low of $6.09 and a one year high of $10.87. The company has a 50 day moving average price of $7.44 and a 200 day moving average price of $8.39. The firm’s market capitalization is $372.48 million.

A10 Networks (NYSE:ATEN) last announced its earnings results on Thursday, July 27th. The communications equipment provider reported ($0.04) EPS for the quarter, topping the 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 last year, the company posted ($0.02) EPS. Equities analysts anticipate that A10 Networks, Inc. will post ($0.08) EPS for the current year.

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A number of analysts recently commented on the stock. KeyCorp downgraded shares of A10 Networks from an “overweight” rating to a “sector weight” rating in a report on Friday, July 14th. BidaskClub lowered shares of A10 Networks from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. DA Davidson boosted 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. Zacks Investment Research lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th. Finally, ValuEngine lowered shares of A10 Networks from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $9.60.

Hedge funds have recently made changes to their positions in the company. State Street Corp increased its stake in shares of A10 Networks by 8.2% in the fourth quarter. State Street Corp now owns 743,685 shares of the communications equipment provider’s stock valued at $6,178,000 after buying an additional 56,483 shares during the period. Teachers Advisors LLC increased its stake in shares of A10 Networks by 133.0% in the fourth quarter. Teachers Advisors LLC now owns 281,733 shares of the communications equipment provider’s stock valued at $2,341,000 after buying an additional 160,815 shares during the period. Highbridge Capital Management LLC increased its stake in shares of A10 Networks by 34.5% in the fourth quarter. Highbridge Capital Management LLC now owns 24,888 shares of the communications equipment provider’s stock valued at $207,000 after buying an additional 6,386 shares during the period. Capital Impact Advisors LLC bought a new stake in shares of A10 Networks during the first quarter valued at approximately $1,388,000. Finally, Boston Advisors LLC bought a new stake in shares of A10 Networks during the first quarter valued at approximately $799,000. Hedge funds and other institutional investors own 57.00% 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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