A10 Networks, Inc. (NYSE:ATEN) Declares Quarterly Dividend of $0.05

A10 Networks, Inc. (NYSE:ATENGet Rating) announced a quarterly dividend on Tuesday, May 3rd, Zacks reports. Stockholders of record on Monday, May 16th will be paid a dividend of 0.05 per share by the communications equipment provider on Wednesday, June 1st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Friday, May 13th.

A10 Networks has a payout ratio of 23.5% indicating that its dividend is sufficiently covered by earnings.

Shares of A10 Networks stock opened at $16.78 on Thursday. The company has a market capitalization of $1.27 billion, a P/E ratio of 13.64 and a beta of 0.95. The company has a fifty day moving average of $13.87 and a 200 day moving average of $14.62. A10 Networks has a fifty-two week low of $8.62 and a fifty-two week high of $19.05.

A10 Networks (NYSE:ATENGet Rating) last issued its earnings results on Tuesday, February 1st. The communications equipment provider reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.10. The company had revenue of $70.67 million during the quarter, compared to the consensus estimate of $68.90 million. A10 Networks had a net margin of 37.95% and a return on equity of 21.44%. During the same quarter in the prior year, the firm posted $0.14 EPS. As a group, analysts anticipate that A10 Networks will post 0.45 earnings per share for the current fiscal year.

In other news, EVP Robert D. Cochran sold 2,453 shares of the company’s stock in a transaction dated Monday, March 14th. The shares were sold at an average price of $12.52, for a total transaction of $30,711.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Dhrupad Trivedi sold 21,470 shares of the company’s stock in a transaction dated Monday, March 14th. The shares were sold at an average price of $12.52, for a total transaction of $268,804.40. The disclosure for this sale can be found here. Insiders have sold a total of 31,617 shares of company stock valued at $412,028 in the last three months. Insiders own 23.73% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in ATEN. Marshall Wace LLP purchased a new stake in A10 Networks in the 4th quarter worth about $62,000. Royal Bank of Canada raised its position in A10 Networks by 57.2% in the 3rd quarter. Royal Bank of Canada now owns 7,173 shares of the communications equipment provider’s stock worth $97,000 after purchasing an additional 2,610 shares during the period. Metropolitan Life Insurance Co NY raised its position in A10 Networks by 8.2% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 14,774 shares of the communications equipment provider’s stock worth $245,000 after purchasing an additional 1,115 shares during the period. Invesco Ltd. raised its position in A10 Networks by 13.4% in the 3rd quarter. Invesco Ltd. now owns 53,622 shares of the communications equipment provider’s stock worth $723,000 after purchasing an additional 6,353 shares during the period. Finally, State of Tennessee Treasury Department raised its position in A10 Networks by 38.4% in the 4th quarter. State of Tennessee Treasury Department now owns 44,845 shares of the communications equipment provider’s stock worth $744,000 after purchasing an additional 12,446 shares during the period. Hedge funds and other institutional investors own 90.19% of the company’s stock.

Several brokerages recently weighed in on ATEN. StockNews.com began coverage on shares of A10 Networks in a report on Thursday, March 31st. They issued a “buy” rating for the company. Zacks Investment Research downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Tuesday, April 5th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $17.00.

A10 Networks Company Profile (Get Rating)

A10 Networks, Inc provides networking solutions in the Americas, Japan, other Asia Pacific, and EMEA countries. 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 microservices; and Thunder Carrier Grade Networking product, which offers standards-compliant address and protocol translation services for service provider networks.

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