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

A10 Networks, Inc. (NYSE:ATEN) announced a quarterly dividend on Wednesday, May 1st, Wall Street Journal reports. Investors of record on Wednesday, May 15th will be paid a dividend of 0.06 per share by the communications equipment provider on Monday, June 3rd. This represents a $0.24 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Tuesday, May 14th.

A10 Networks has a dividend payout ratio of 27.3% meaning its dividend is sufficiently covered by earnings.

A10 Networks Trading Up 17.7 %

ATEN stock traded up $2.31 during trading on Wednesday, hitting $15.37. The company had a trading volume of 1,893,219 shares, compared to its average volume of 657,385. The company has a fifty day moving average price of $13.50 and a two-hundred day moving average price of $12.92. The company has a market cap of $1.15 billion, a P/E ratio of 29.49 and a beta of 1.10. A10 Networks has a fifty-two week low of $10.03 and a fifty-two week high of $15.99.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data on Tuesday, April 30th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. A10 Networks had a return on equity of 21.67% and a net margin of 15.88%. The firm had revenue of $60.70 million during the quarter, compared to the consensus estimate of $59.43 million. During the same quarter in the previous year, the company posted $0.09 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, analysts expect that A10 Networks will post 0.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. BWS Financial reiterated a “buy” rating and issued a $17.00 price objective on shares of A10 Networks in a research report on Wednesday. Craig Hallum lifted their price objective on A10 Networks from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday.

Insider Transactions at A10 Networks

In other news, CEO Dhrupad Trivedi sold 60,606 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $13.27, for a total transaction of $804,241.62. Following the completion of the sale, the chief executive officer now owns 495,814 shares in the company, valued at $6,579,451.78. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CFO Brian Becker sold 15,000 shares of the company’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $12.93, for a total transaction of $193,950.00. Following the completion of the transaction, the chief financial officer now directly owns 34,252 shares of the company’s stock, valued at $442,878.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dhrupad Trivedi sold 60,606 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $13.27, for a total value of $804,241.62. Following the transaction, the chief executive officer now directly owns 495,814 shares of the company’s stock, valued at $6,579,451.78. The disclosure for this sale can be found here. Insiders sold a total of 121,146 shares of company stock worth $1,598,166 over the last 90 days. 5.82% of the stock is owned by insiders.

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.