Insider Selling: A10 Networks Inc (ATEN) VP Sells 2,588 Shares of Stock

A10 Networks Inc (NYSE:ATEN) VP Gunter Reiss sold 2,588 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $6.44, for a total transaction of $16,666.72. Following the transaction, the vice president now directly owns 163,533 shares of the company’s stock, valued at approximately $1,053,152.52. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Gunter Reiss also recently made the following trade(s):

  • On Thursday, April 18th, Gunter Reiss sold 1,160 shares of A10 Networks stock. The stock was sold at an average price of $6.83, for a total transaction of $7,922.80.
  • On Tuesday, February 19th, Gunter Reiss sold 4,209 shares of A10 Networks stock. The stock was sold at an average price of $6.68, for a total transaction of $28,116.12.

NYSE ATEN opened at $6.43 on Friday. The stock has a market capitalization of $478.01 million, a P/E ratio of -29.23 and a beta of 0.67. A10 Networks Inc has a twelve month low of $5.51 and a twelve month high of $7.46.

A10 Networks (NYSE:ATEN) last posted its earnings results on Thursday, April 25th. The communications equipment provider reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.07). The business had revenue of $50.30 million during the quarter, compared to the consensus estimate of $51.66 million. A10 Networks had a negative net margin of 8.67% and a negative return on equity of 12.11%. A10 Networks’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities analysts expect that A10 Networks Inc will post -0.3 EPS for the current year.

Institutional investors have recently modified their holdings of the business. MERIAN GLOBAL INVESTORS UK Ltd bought a new stake in A10 Networks during the fourth quarter worth about $25,000. Meeder Asset Management Inc. grew its stake in A10 Networks by 69.8% during the first quarter. Meeder Asset Management Inc. now owns 4,260 shares of the communications equipment provider’s stock worth $31,000 after buying an additional 1,751 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in A10 Networks by 123.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,748 shares of the communications equipment provider’s stock worth $36,000 after buying an additional 3,173 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in A10 Networks by 27,032.5% during the first quarter. BNP Paribas Arbitrage SA now owns 10,853 shares of the communications equipment provider’s stock worth $77,000 after buying an additional 10,813 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of A10 Networks during the first quarter valued at approximately $83,000. 63.84% of the stock is currently owned by hedge funds and other institutional investors.

ATEN has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of A10 Networks from a “sell” rating to a “hold” rating in a research report on Thursday. ValuEngine raised shares of A10 Networks from a “hold” rating to a “buy” rating in a research report on Thursday, April 25th.

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A10 Networks Company Profile

A10 Networks, Inc provides software and hardware solutions in the United States, Japan, other Asia Pacific and EMEA countries, and internationally. The company offers Thunder application delivery controller (ADC) that provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to boost the delivery and security of applications and micro services; and Thunder carrier grade network address translation product, which offers network address and protocol translation services for service provider networks.

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

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