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

A10 Networks Inc (NYSE:ATEN) CEO Lee Chen sold 25,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $8.15, for a total value of $203,750.00. Following the completion of the sale, the chief executive officer now owns 10,811,538 shares of the company’s stock, valued at approximately $88,114,034.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Tuesday, May 9th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $8.19, for a total value of $204,750.00.
  • On Friday, April 28th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $8.10, for a total value of $202,500.00.
  • On Thursday, April 20th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $8.78, for a total value of $219,500.00.
  • On Wednesday, April 12th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $8.86, for a total value of $221,500.00.
  • 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.

Shares of A10 Networks Inc (NYSE:ATEN) traded up 0.85% during midday trading on Monday, hitting $8.35. The company’s stock had a trading volume of 309,850 shares. A10 Networks Inc has a 1-year low of $6.02 and a 1-year high of $10.86. The company’s market cap is $492.90 million. The company has a 50-day moving average price of $8.57 and a 200 day moving average price of $8.57.

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

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ATEN has been the subject of a number of recent analyst reports. Dougherty & Co upped their price objective on A10 Networks from $10.00 to $10.50 and gave the company a “buy” rating in a report on Friday, February 10th. Zacks Investment Research upgraded A10 Networks from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a report on Friday, May 5th.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Gotham Asset Management LLC acquired a new position in shares of A10 Networks during the first quarter worth about $103,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of A10 Networks during the first quarter worth about $107,000. A.R.T. Advisors LLC acquired a new position in shares of A10 Networks during the fourth quarter worth about $112,000. Airain ltd acquired a new position in shares of A10 Networks during the first quarter worth about $112,000. Finally, KCG Holdings Inc. acquired a new position in shares of A10 Networks during the first quarter worth about $115,000. 54.05% of the stock is currently owned by hedge funds and other institutional investors.

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.

12 Month Chart for NYSE:ATEN

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