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

A10 Networks Inc (NYSE:ATEN) CEO Lee Chen sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $7.54, for a total value of $188,500.00. Following the completion of the transaction, the chief executive officer now directly owns 9,961,538 shares in the company, valued at approximately $75,109,996.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Tuesday, January 2nd, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $7.71, for a total value of $192,750.00.
  • On Saturday, December 29th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $7.74, for a total value of $193,500.00.
  • On Friday, December 29th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $7.74, for a total value of $193,500.00.
  • On Thursday, December 21st, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $7.81, for a total value 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 value 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 value 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 value 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 value 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 value 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 value of $182,250.00.

A10 Networks Inc (ATEN) traded down $0.09 on Thursday, reaching $7.42. The company’s stock had a trading volume of 267,200 shares, compared to its average volume of 293,586. The stock has a market capitalization of $526.39, a P/E ratio of -30.92 and a beta of 1.14. A10 Networks Inc has a one year low of $6.02 and a one year high of $9.94.

A10 Networks (NYSE:ATEN) last posted its earnings results on Thursday, October 26th. The communications equipment provider reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.04. The company had revenue of $61.40 million for the quarter, compared to the consensus estimate of $59.46 million. A10 Networks had a negative return on equity of 17.63% and a negative net margin of 6.94%. The firm’s revenue was up 11.4% on a year-over-year basis. research analysts predict that A10 Networks Inc will post -0.21 EPS for the current fiscal year.

A10 Networks announced that its board has approved a share 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. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

A number of 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 in the third quarter valued at $109,000. Capital Fund Management S.A. purchased a new stake in shares of A10 Networks in the second quarter valued at $149,000. Voya Investment Management LLC lifted its position in shares of A10 Networks by 21.2% in the second quarter. Voya Investment Management LLC now owns 22,826 shares of the communications equipment provider’s stock valued at $193,000 after acquiring an additional 3,994 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of A10 Networks by 59.8% in the second quarter. Parametric Portfolio Associates LLC now owns 24,450 shares of the communications equipment provider’s stock valued at $206,000 after acquiring an additional 9,154 shares in the last quarter. Finally, Prudential Financial Inc. purchased a new stake in shares of A10 Networks in the second quarter valued at $228,000. Institutional investors own 57.80% of the company’s stock.

A number of brokerages recently weighed in on ATEN. Zacks Investment Research lowered A10 Networks from a “buy” rating to a “hold” rating in a report on Monday, January 1st. BidaskClub raised A10 Networks from a “sell” rating to a “hold” rating in a report on Saturday, September 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. A10 Networks currently has a consensus rating of “Hold” and an average price target of $9.13.

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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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