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 A10 Networks stock in a transaction on Wednesday, April 12th. The shares were sold at an average price of $8.86, for a total value of $221,500.00. Following the transaction, the chief executive officer now owns 10,936,538 shares in the company, valued at $96,897,726.68. The transaction 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 Tuesday, April 4th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $9.04, for a total value of $226,000.00.
  • On Monday, March 27th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $9.14, for a total value of $228,500.00.
  • On Friday, March 24th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $9.21, for a total value of $230,250.00.
  • On Thursday, March 16th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $9.24, for a total value of $231,000.00.
  • On Wednesday, March 8th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $9.16, for a total value of $229,000.00.
  • On Friday, February 17th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $9.52, for a total value of $238,000.00.

Shares of A10 Networks Inc (NYSE:ATEN) traded down 1.36% during trading on Thursday, hitting $8.72. The stock had a trading volume of 153,735 shares. The firm has a 50 day moving average price of $9.17 and a 200 day moving average price of $8.80. A10 Networks Inc has a 12-month low of $5.87 and a 12-month high of $10.87. The firm’s market cap is $514.74 million.

A10 Networks (NYSE:ATEN) last released its earnings results on Thursday, February 9th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. A10 Networks had a negative return on equity of 24.79% and a negative net margin of 9.10%. The firm had revenue of $64 million for the quarter, compared to the consensus estimate of $60.87 million. During the same period in the prior year, the firm earned ($0.06) EPS. The firm’s revenue was up 13.0% on a year-over-year basis. On average, equities analysts expect that A10 Networks Inc will post $0.11 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for A10 Networks (NYSE:ATEN)

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Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Advisors LLC increased its position in A10 Networks by 323.2% in the third quarter. BlackRock Advisors LLC now owns 684,097 shares of the company’s stock valued at $7,313,000 after buying an additional 522,447 shares during the last quarter. Putnam Investments LLC increased its position in A10 Networks by 1.9% in the fourth quarter. Putnam Investments LLC now owns 79,778 shares of the company’s stock valued at $663,000 after buying an additional 1,475 shares during the last quarter. Renaissance Technologies LLC increased its position in A10 Networks by 10.4% in the fourth quarter. Renaissance Technologies LLC now owns 2,164,400 shares of the company’s stock valued at $17,986,000 after buying an additional 204,000 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in A10 Networks during the fourth quarter valued at about $1,604,000. Finally, Bogle Investment Management L P DE increased its position in A10 Networks by 4.6% in the fourth quarter. Bogle Investment Management L P DE now owns 272,235 shares of the company’s stock valued at $2,262,000 after buying an additional 12,077 shares during the last quarter. 54.05% of the stock is currently owned by hedge funds and other institutional investors.

ATEN has been the topic of several research analyst reports. Dougherty & Co boosted their price objective on A10 Networks from $10.00 to $10.50 and gave the company a “buy” rating in a research report on Friday, February 10th. Zacks Investment Research downgraded A10 Networks from a “hold” rating to a “sell” rating in a research report on Thursday, February 16th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $9.30.

About A10 Networks

A10 Networks, Inc is a provider of application networking and network security technologies. The Company’s solutions enable enterprises, service providers, Web companies and government organizations to secure and optimize the performance of their data center applications, and secure their users, applications and infrastructure from Internet, Web and network threats at scale.

5 Day Chart for NYSE:ATEN

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