A10 Networks, Inc. (NYSE:ATEN) CEO Lee Chen sold 25,000 shares of the business’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $6.35, for a total transaction of $158,750.00. Following the completion of the transaction, the chief executive officer now owns 10,561,538 shares of the company’s stock, valued at $67,065,766.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $6.81, for a total transaction of $170,250.00.
- On Tuesday, July 18th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $8.37, for a total value of $209,250.00.
- On Friday, June 2nd, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $8.48, for a total value of $212,000.00.
- On Thursday, May 25th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $8.26, for a total value of $206,500.00.
A10 Networks, Inc. (NYSE ATEN) traded up 1.34% during midday trading on Friday, reaching $6.80. The company’s stock had a trading volume of 410,776 shares. The stock’s market cap is $481.21 million. A10 Networks, Inc. has a 12-month low of $6.09 and a 12-month high of $10.86. The stock’s 50 day moving average is $7.78 and its 200 day moving average is $8.47.
A10 Networks (NYSE:ATEN) last released its earnings results on Thursday, July 27th. The communications equipment provider reported ($0.04) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.06. The business had revenue of $53.69 million for the quarter, compared to analyst estimates of $52.99 million. A10 Networks had a negative return on equity of 20.56% and a negative net margin of 8.00%. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.02) earnings per share. Analysts anticipate that A10 Networks, Inc. will post ($0.08) earnings per share for the current year.
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ATEN has been the topic of a number of recent research reports. Zacks Investment Research upgraded A10 Networks from a “sell” rating to a “hold” rating in a research report on Tuesday, April 11th. KeyCorp lowered A10 Networks from an “overweight” rating to a “sector weight” rating in a research report on Friday, July 14th. DA Davidson upped their target price on A10 Networks to $9.00 and gave the company a “buy” rating in a research report on Friday, July 14th. Bank of America Corporation dropped their target price on A10 Networks from $10.00 to $8.50 and set a “buy” rating on the stock in a research report on Friday, July 14th. Finally, BidaskClub lowered A10 Networks from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $9.60.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATEN. Vanguard Group Inc. raised its position in A10 Networks by 17.1% in the first quarter. Vanguard Group Inc. now owns 3,374,761 shares of the communications equipment provider’s stock worth $30,879,000 after buying an additional 493,877 shares during the last quarter. Renaissance Technologies LLC raised its position in A10 Networks by 2.6% in the first quarter. Renaissance Technologies LLC now owns 2,220,700 shares of the communications equipment provider’s stock worth $20,319,000 after buying an additional 56,300 shares during the last quarter. Penserra Capital Management LLC raised its position in A10 Networks by 5.3% in the first quarter. Penserra Capital Management LLC now owns 1,611,471 shares of the communications equipment provider’s stock worth $14,744,000 after buying an additional 81,292 shares during the last quarter. Divisar Capital Management LLC raised its position in A10 Networks by 27.2% in the first quarter. Divisar Capital Management LLC now owns 1,118,670 shares of the communications equipment provider’s stock worth $10,236,000 after buying an additional 239,118 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in A10 Networks by 26.2% in the first quarter. Acadian Asset Management LLC now owns 950,865 shares of the communications equipment provider’s stock worth $8,701,000 after buying an additional 197,699 shares during the last quarter. 56.79% of the stock is currently owned by institutional investors and hedge funds.
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.
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