A10 Networks, Inc. (NYSE:ATEN) CEO Lee Chen sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $6.48, for a total transaction of $162,000.00. Following the completion of the sale, the chief executive officer now owns 10,436,538 shares of the company’s stock, valued at approximately $67,628,766.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Tuesday, August 22nd, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $6.09, for a total transaction of $152,250.00.
  • On Monday, August 14th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $6.41, for a total transaction of $160,250.00.
  • On Friday, August 11th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $6.34, for a total transaction 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 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.

A10 Networks, Inc. (NYSE ATEN) traded up 1.08% during mid-day trading on Thursday, reaching $6.55. 471,022 shares of the company traded hands. The stock’s 50-day moving average price is $6.81 and its 200-day moving average price is $8.26. The firm’s market cap is $386.65 million. A10 Networks, Inc. has a one year low of $6.02 and a one year high of $10.86.

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, beating the Zacks’ consensus estimate 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 for the quarter, compared to analyst estimates of $52.99 million. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. The business’s revenue was down 6.0% on a year-over-year basis. Analysts forecast that A10 Networks, Inc. will post ($0.08) earnings per share for the current fiscal year.

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A number of institutional investors have recently modified their holdings of the company. Campbell & CO Investment Adviser LLC increased its position in shares of A10 Networks by 1.3% in the second quarter. Campbell & CO Investment Adviser LLC now owns 11,826 shares of the communications equipment provider’s stock worth $100,000 after buying an additional 146 shares during the last quarter. Gotham Asset Management LLC bought a new position in A10 Networks during the first quarter worth approximately $103,000. Airain ltd bought a new position in A10 Networks during the first quarter worth approximately $112,000. KCG Holdings Inc. bought a new position in A10 Networks during the first quarter worth approximately $115,000. Finally, US Bancorp DE boosted its position in A10 Networks by 618.0% in the first quarter. US Bancorp DE now owns 15,939 shares of the communications equipment provider’s stock worth $146,000 after buying an additional 13,719 shares during the period. Institutional investors and hedge funds own 56.51% of the company’s stock.

A number of equities analysts have weighed in on the stock. BidaskClub lowered shares of A10 Networks from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Zacks Investment Research lowered shares of A10 Networks from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. ValuEngine lowered shares of A10 Networks from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. KeyCorp lowered shares of A10 Networks from an “overweight” rating to a “sector weight” rating in a report on Friday, July 14th. Finally, DA Davidson boosted their price objective on shares of A10 Networks to $9.00 and gave the stock a “buy” rating in a report on Friday, July 14th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. A10 Networks presently has a consensus rating of “Hold” and an average target price 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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