Insider Selling: A10 Networks, Inc. (ATEN) EVP Sells 6,945 Shares of Stock

A10 Networks, Inc. (NYSE:ATEN) EVP Raymond J. Smets sold 6,945 shares of the company’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $7.67, for a total value of $53,268.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Raymond J. Smets also recently made the following trade(s):



  • On Friday, September 29th, Raymond J. Smets sold 13,890 shares of A10 Networks stock. The shares were sold at an average price of $7.53, for a total value of $104,591.70.

A10 Networks, Inc. (NYSE:ATEN) opened at 7.45 on Friday. The firm’s market cap is $439.77 million. A10 Networks, Inc. has a 52 week low of $6.02 and a 52 week high of $9.94. The stock’s 50 day moving average price is $7.13 and its 200 day moving average price is $7.60.

A10 Networks (NYSE:ATEN) last released its quarterly earnings results 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 return on equity of 17.71% and a negative net margin of 6.94%. The firm had revenue of $61.40 million for the quarter, compared to analyst estimates of $59.46 million. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. On average, equities research analysts predict that A10 Networks, Inc. will post ($0.03) EPS for the current year.

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

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATEN. Wells Fargo & Company MN grew its position in shares of A10 Networks by 28.3% in the 1st quarter. Wells Fargo & Company MN now owns 160,519 shares of the communications equipment provider’s stock valued at $1,468,000 after buying an additional 35,385 shares during the last quarter. US Bancorp DE grew its position in shares of A10 Networks by 618.0% in the 1st quarter. US Bancorp DE now owns 15,939 shares of the communications equipment provider’s stock valued at $146,000 after buying an additional 13,719 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of A10 Networks by 4.0% in the 1st quarter. Bank of New York Mellon Corp now owns 209,963 shares of the communications equipment provider’s stock valued at $1,921,000 after buying an additional 8,036 shares during the last quarter. Swiss National Bank grew its position in shares of A10 Networks by 7.5% in the 1st quarter. Swiss National Bank now owns 77,500 shares of the communications equipment provider’s stock valued at $709,000 after buying an additional 5,400 shares during the last quarter. Finally, American International Group Inc. grew its position in shares of A10 Networks by 7.1% in the 1st quarter. American International Group Inc. now owns 27,138 shares of the communications equipment provider’s stock valued at $248,000 after buying an additional 1,792 shares during the last quarter. Hedge funds and other institutional investors own 55.82% of the company’s stock.

A number of research analysts recently commented on the company. KeyCorp lowered A10 Networks from an “overweight” rating to a “sector weight” rating in a research note on Friday, July 14th. BidaskClub cut A10 Networks from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. DA Davidson upped their price target on A10 Networks to $9.00 and gave the company a “buy” rating in a research report on Friday, July 14th. Zacks Investment Research upgraded A10 Networks from a “strong sell” rating to a “hold” rating and set a $8.50 target price on the stock in a report on Tuesday, October 17th. Finally, ValuEngine cut A10 Networks from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. A10 Networks presently has a consensus rating of “Hold” and an average target price of $9.50.

About A10 Networks

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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