Lee Chen Sells 25,000 Shares of A10 Networks Inc (ATEN) Stock

A10 Networks Inc (NYSE:ATEN) CEO Lee Chen sold 25,000 shares of the company’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $7.54, for a total value of $188,500.00. Following the completion of the sale, the chief executive officer now owns 9,961,538 shares in the company, valued at $75,109,996.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

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

A10 Networks Inc (ATEN) traded down $0.09 during midday trading on Thursday, reaching $7.42. The company had a trading volume of 267,200 shares, compared to its average volume of 293,586. A10 Networks Inc has a 1 year low of $6.02 and a 1 year high of $9.94. The stock has a market capitalization of $526.39, a P/E ratio of -30.92 and a beta of 1.14.

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

A10 Networks announced that its Board of Directors has approved a stock buyback program on Thursday, October 26th that permits the company to buyback 20,000,000 shares. This buyback authorization permits the communications equipment provider to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Several equities analysts recently weighed in on the company. BidaskClub upgraded A10 Networks from a “sell” rating to a “hold” rating in a research report on Saturday, September 30th. Zacks Investment Research downgraded A10 Networks from a “buy” rating to a “hold” rating in a research report on Monday, January 1st. One investment analyst has 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 presently has an average rating of “Hold” and an average target price of $9.13.

A number of large investors have recently made changes to their positions in ATEN. ETF Managers Group LLC acquired a new stake in A10 Networks during the second quarter worth about $17,876,000. Divisar Capital Management LLC increased its stake in A10 Networks by 28.5% during the second quarter. Divisar Capital Management LLC now owns 1,437,849 shares of the communications equipment provider’s stock worth $12,135,000 after acquiring an additional 319,179 shares during the last quarter. Citadel Advisors LLC increased its stake in A10 Networks by 310.8% during the third quarter. Citadel Advisors LLC now owns 401,613 shares of the communications equipment provider’s stock worth $3,036,000 after acquiring an additional 303,847 shares during the last quarter. Vanguard Group Inc. increased its stake in A10 Networks by 6.9% during the second quarter. Vanguard Group Inc. now owns 3,608,991 shares of the communications equipment provider’s stock worth $30,461,000 after acquiring an additional 234,230 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in A10 Networks by 7.4% during the second quarter. Renaissance Technologies LLC now owns 2,385,600 shares of the communications equipment provider’s stock worth $20,134,000 after acquiring an additional 164,900 shares during the last quarter. Institutional investors own 57.80% of the company’s stock.

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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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