A10 Networks (NYSE:ATEN) Hits New 52-Week High - Here's What Happened

A10 Networks, Inc. (NYSE:ATEN - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $16.52 and last traded at $16.40, with a volume of 103485 shares traded. The stock had previously closed at $16.20.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ATEN. StockNews.com upgraded A10 Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, October 16th. Craig Hallum cut A10 Networks from a "buy" rating to a "hold" rating and set a $16.00 price objective on the stock. in a research note on Friday.

A10 Networks Stock Performance

The stock's 50 day moving average is $14.23 and its two-hundred day moving average is $14.10. The stock has a market capitalization of $1.23 billion, a PE ratio of 24.81 and a beta of 1.11.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. The firm had revenue of $66.72 million during the quarter, compared to the consensus estimate of $63.78 million. A10 Networks had a net margin of 19.29% and a return on equity of 22.83%. The firm's revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.12 EPS. Equities research analysts expect that A10 Networks, Inc. will post 0.65 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.44%. A10 Networks's dividend payout ratio (DPR) is 35.82%.

Hedge Funds Weigh In On A10 Networks

Hedge funds and other institutional investors have recently made changes to their positions in the business. Canada Pension Plan Investment Board acquired a new position in A10 Networks during the 2nd quarter valued at about $29,000. Copeland Capital Management LLC bought a new stake in A10 Networks in the third quarter worth approximately $43,000. Quarry LP bought a new stake in shares of A10 Networks during the 2nd quarter worth $47,000. nVerses Capital LLC bought a new stake in shares of A10 Networks during the 2nd quarter worth $105,000. Finally, Meeder Asset Management Inc. acquired a new position in A10 Networks during the 2nd quarter valued at $137,000. Institutional investors and hedge funds own 98.61% of the company's stock.

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.