A10 Networks Inc (NYSE:ATEN) CEO Lee Chen sold 25,000 shares of the company’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $9.24, for a total value of $231,000.00. Following the completion of the transaction, the chief executive officer now owns 10,914,788 shares of the company’s stock, valued at approximately $100,852,641.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Wednesday, March 8th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $9.16, for a total value of $229,000.00.
  • On Friday, February 17th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $9.52, for a total value of $238,000.00.

A10 Networks Inc (NYSE:ATEN) traded down 0.3081% on Monday, hitting $9.2215. The stock had a trading volume of 149,668 shares. The firm has a 50-day moving average of $9.02 and a 200 day moving average of $8.94. The company’s market capitalization is $544.35 million. A10 Networks Inc has a 52 week low of $5.61 and a 52 week high of $10.87.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Thursday, February 9th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.01. The business earned $64 million during the quarter, compared to analysts’ expectations of $60.87 million. A10 Networks had a negative return on equity of 24.79% and a negative net margin of 9.10%. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.06) earnings per share. On average, analysts predict that A10 Networks Inc will post $0.11 earnings per share for the current year.

Insider Buying and Selling by Quarter for A10 Networks (NYSE:ATEN)

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A number of research analysts have issued reports on ATEN shares. Zacks Investment Research downgraded A10 Networks from a “hold” rating to a “sell” rating in a research note on Thursday, February 16th. Dougherty & Co increased their price target on A10 Networks from $10.00 to $10.50 and gave the stock a “buy” rating in a research note on Friday, February 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $9.30.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Thompson Davis & CO. Inc. bought a new position in shares of A10 Networks during the third quarter worth about $126,000. BlackRock Japan Co. Ltd boosted its position in shares of A10 Networks by 191.5% in the third quarter. BlackRock Japan Co. Ltd now owns 12,371 shares of the company’s stock worth $132,000 after buying an additional 8,127 shares during the last quarter. A.R.T. Advisors LLC bought a new position in shares of A10 Networks during the fourth quarter worth about $112,000. Teza Capital Management LLC bought a new position in shares of A10 Networks during the fourth quarter worth about $161,000. Finally, Princeton Alpha Management LP bought a new position in shares of A10 Networks during the third quarter worth about $235,000. Institutional investors and hedge funds own 54.05% of the company’s stock.

A10 Networks Company Profile

A10 Networks, Inc is a provider of application networking and network security technologies. The Company’s solutions enable enterprises, service providers, Web companies and government organizations to secure and optimize the performance of their data center applications, and secure their users, applications and infrastructure from Internet, Web and network threats at scale.

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