A10 Networks, Inc. (NYSE:ATEN) CEO Lee Chen sold 25,000 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $6.41, for a total value of $160,250.00. Following the sale, the chief executive officer now directly owns 10,486,538 shares of the company’s stock, valued at approximately $67,218,708.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Friday, August 11th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $6.34, for a total value of $158,500.00.
  • 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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 value of $209,250.00.

A10 Networks, Inc. (NYSE:ATEN) traded down 2.33% on Tuesday, hitting $6.28. The stock had a trading volume of 309,467 shares. A10 Networks, Inc. has a one year low of $6.09 and a one year high of $10.86. The company’s 50-day moving average price is $7.32 and its 200 day moving average price is $8.37. The firm’s market cap is $370.71 million.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings results on Thursday, July 27th. The communications equipment provider reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.06. A10 Networks had a negative net margin of 8.00% and a negative return on equity of 20.33%. The firm had revenue of $53.69 million during the quarter, compared to analysts’ expectations of $52.99 million. During the same period in the prior year, the company earned ($0.02) EPS. The firm’s revenue was down 6.0% on a year-over-year basis. Analysts expect that A10 Networks, Inc. will post ($0.08) earnings per share for the current year.

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Hedge funds have recently made changes to their positions in the company. Alambic Investment Management L.P. boosted its stake in shares of A10 Networks by 191.1% in the first quarter. Alambic Investment Management L.P. now owns 153,404 shares of the communications equipment provider’s stock worth $1,404,000 after buying an additional 100,704 shares during the period. Gotham Asset Management LLC acquired a new stake in shares of A10 Networks during the first quarter worth $103,000. Boston Advisors LLC acquired a new stake in shares of A10 Networks during the first quarter worth $799,000. Airain ltd acquired a new stake in shares of A10 Networks during the first quarter worth $112,000. Finally, Tudor Investment Corp ET AL boosted its stake in shares of A10 Networks by 74.5% in the first quarter. Tudor Investment Corp ET AL now owns 45,900 shares of the communications equipment provider’s stock worth $420,000 after buying an additional 19,590 shares during the period. 53.59% of the stock is owned by hedge funds and other institutional investors.

ATEN has been the subject of several research analyst reports. Zacks Investment Research upgraded A10 Networks from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a research report on Friday, May 5th. Bank of America Corporation lowered their price target on A10 Networks from $10.00 to $8.50 and set a “buy” rating for the company in a research report on Friday, July 14th. ValuEngine lowered A10 Networks from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. BidaskClub lowered A10 Networks from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Finally, DA Davidson raised their price target on A10 Networks to $9.00 and gave the stock a “buy” rating in a research report on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $9.60.

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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