Insider Selling: A10 Networks Inc (ATEN) CEO Sells 25,000 Shares of Stock

A10 Networks Inc (NYSE:ATEN) CEO Lee Chen sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $7.54, for a total transaction of $188,500.00. Following the sale, the chief executive officer now owns 9,961,538 shares of the company’s stock, valued at approximately $75,109,996.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Tuesday, January 2nd, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $7.71, for a total transaction of $192,750.00.
  • On Saturday, December 29th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $7.74, for a total transaction of $193,500.00.
  • On Friday, December 29th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $7.74, for a total transaction of $193,500.00.
  • On Thursday, December 21st, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $7.81, for a total transaction of $195,250.00.
  • On Wednesday, December 13th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $7.76, for a total transaction of $194,000.00.
  • On Tuesday, December 5th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $7.66, for a total transaction of $191,500.00.
  • On Monday, November 27th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $8.11, for a total transaction of $202,750.00.
  • On Wednesday, November 22nd, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $8.07, for a total transaction of $201,750.00.
  • On Thursday, November 16th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $7.30, for a total transaction of $182,500.00.
  • 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 transaction of $182,250.00.

A10 Networks Inc (NYSE ATEN) opened at $7.58 on Friday. A10 Networks Inc has a 1 year low of $6.02 and a 1 year high of $9.94.

A10 Networks (NYSE:ATEN) last released its quarterly earnings data on Thursday, October 26th. The communications equipment provider reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. A10 Networks had a negative net margin of 6.94% and a negative return on equity of 17.63%. The company had revenue of $61.40 million during the quarter, compared to analyst estimates of $59.46 million. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. equities analysts expect that A10 Networks Inc will post -0.21 earnings per share for the current fiscal year.

A10 Networks declared that its board has approved a share repurchase plan on Thursday, October 26th that permits the company to repurchase 20,000,000 shares. This repurchase authorization permits the communications equipment provider to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Several hedge funds have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC lifted its position in A10 Networks by 25.9% during the third quarter. Cubist Systematic Strategies LLC now owns 44,535 shares of the communications equipment provider’s stock valued at $337,000 after purchasing an additional 9,149 shares during the last quarter. Jane Street Group LLC bought a new stake in A10 Networks during the third quarter valued at approximately $317,000. Royce & Associates LP lifted its position in A10 Networks by 15.0% during the third quarter. Royce & Associates LP now owns 821,500 shares of the communications equipment provider’s stock valued at $6,211,000 after purchasing an additional 106,976 shares during the last quarter. Allianz Asset Management GmbH lifted its position in A10 Networks by 141.8% during the third quarter. Allianz Asset Management GmbH now owns 241,850 shares of the communications equipment provider’s stock valued at $1,828,000 after purchasing an additional 141,835 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new stake in A10 Networks during the third quarter valued at approximately $345,000. Institutional investors own 57.80% of the company’s stock.

Several research firms have recently weighed in on ATEN. BidaskClub upgraded shares of A10 Networks from a “strong sell” rating to a “sell” rating in a research note on Friday, September 15th. Zacks Investment Research upgraded shares of A10 Networks from a “strong sell” rating to a “hold” rating and set a $8.50 price objective for the company in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $9.13.

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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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