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 company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $7.30, for a total value of $182,500.00. Following the transaction, the chief executive officer now directly owns 10,161,538 shares in the company, valued at $74,179,227.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

  • 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.
  • On Tuesday, October 31st, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $7.38, for a total value of $184,500.00.
  • On Monday, October 23rd, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $7.53, for a total value of $188,250.00.
  • On Friday, October 20th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $7.54, for a total value of $188,500.00.
  • On Thursday, October 12th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $7.62, for a total value of $190,500.00.
  • On Wednesday, October 4th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $7.73, for a total value of $193,250.00.
  • On Tuesday, September 26th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $6.57, for a total value of $164,250.00.
  • On Monday, September 18th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $6.66, for a total value of $166,500.00.
  • On Friday, September 15th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $6.72, for a total value of $168,000.00.
  • On Thursday, September 7th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $6.57, for a total value of $164,250.00.

A10 Networks, Inc. (NYSE ATEN) traded up $0.07 during midday trading on Friday, hitting $7.43. The company had a trading volume of 294,799 shares, compared to its average volume of 490,524. A10 Networks, Inc. has a 52-week low of $6.02 and a 52-week high of $9.94.

A10 Networks (NYSE:ATEN) last released its earnings results on Thursday, October 26th. The communications equipment provider reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.04. A10 Networks had a negative return on equity of 17.63% and a negative net margin of 6.94%. The firm had revenue of $61.40 million for the quarter, compared to the consensus estimate of $59.46 million. 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 earnings per share for the current year.

A10 Networks declared that its board has initiated a stock repurchase plan on Thursday, October 26th that permits the company to repurchase 20,000,000 outstanding shares. This repurchase authorization permits the communications equipment provider to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC increased its position in shares of A10 Networks by 25.9% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 44,535 shares of the communications equipment provider’s stock valued at $337,000 after acquiring an additional 9,149 shares during the period. Jane Street Group LLC acquired a new position in shares of A10 Networks in the 3rd quarter valued at $317,000. Royce & Associates LP increased its position in shares of A10 Networks by 15.0% in the 3rd quarter. Royce & Associates LP now owns 821,500 shares of the communications equipment provider’s stock valued at $6,211,000 after acquiring an additional 106,976 shares during the period. Allianz Asset Management GmbH increased its position in shares of A10 Networks by 141.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 241,850 shares of the communications equipment provider’s stock valued at $1,828,000 after acquiring an additional 141,835 shares during the period. Finally, Engineers Gate Manager LP acquired a new position in shares of A10 Networks in the 3rd quarter valued at $345,000. 55.23% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised A10 Networks from a “strong sell” rating to a “hold” rating and set a $8.50 price target on the stock in a research report on Tuesday, October 17th. BidaskClub raised A10 Networks from a “sell” rating to a “hold” rating in a research report on Saturday, September 30th. Finally, ValuEngine downgraded A10 Networks from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $9.13.

A10 Networks Company Profile

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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