A10 Networks, Inc. Announces Quarterly Dividend of $0.06 (NYSE:ATEN)

A10 Networks, Inc. (NYSE:ATEN - Get Free Report) declared a quarterly dividend on Tuesday, February 4th,Wall Street Journal reports. Investors of record on Friday, February 14th will be paid a dividend of 0.06 per share by the communications equipment provider on Monday, March 3rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, February 14th.

A10 Networks has raised its dividend payment by an average of 68.7% per year over the last three years. A10 Networks has a dividend payout ratio of 24.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect A10 Networks to earn $0.79 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 30.4%.

A10 Networks Stock Performance

Shares of NYSE:ATEN traded down $0.05 during trading on Friday, hitting $20.50. The company's stock had a trading volume of 545,622 shares, compared to its average volume of 661,918. A10 Networks has a fifty-two week low of $12.27 and a fifty-two week high of $20.96. The business has a 50 day moving average price of $18.79 and a two-hundred day moving average price of $15.89. The company has a market capitalization of $1.51 billion, a PE ratio of 30.60 and a beta of 1.14.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.03. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. As a group, equities analysts expect that A10 Networks will post 0.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Karen S. Thomas sold 6,162 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $16.70, for a total value of $102,905.40. Following the completion of the transaction, the executive vice president now owns 23,799 shares in the company, valued at $397,443.30. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.81% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ATEN. BWS Financial reaffirmed a "buy" rating and issued a $24.00 price target on shares of A10 Networks in a report on Wednesday. StockNews.com raised shares of A10 Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, October 16th. Finally, Craig Hallum lifted their price target on shares of A10 Networks from $16.00 to $18.00 and gave the stock a "hold" rating in a research note on Wednesday.

About A10 Networks

A10 Networks, Inc provides networking solutions in the Americas, Japan, rest of Asia Pacific, Europe, the Middle East, and Africa. The company offers Thunder Application Delivery Controller that provides advanced server load balancing; Thunder Carrier Grade Networking, which provides standards-compliant address and protocol translation services between varying types of internet protocol addresses; Thunder Secure Sockets Layer (SSL) Insight that decrypts SSL-encrypted traffic and forwards it to a third-party security device for deep packet inspection; and Thunder Convergent Firewall, which addresses multiple critical security capabilities in one package.