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

A10 Networks, Inc. (NYSE:ATEN) 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 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Friday, February 14th.

A10 Networks has increased its dividend by an average of 68.7% per year over the last three years. A10 Networks has a payout ratio of 24.5% meaning its dividend is sufficiently covered by earnings. Analysts expect A10 Networks to earn $0.71 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 33.8%.

A10 Networks Stock Up 2.7 %

Shares of NYSE:ATEN traded up $0.54 during midday trading on Wednesday, reaching $20.82. 1,240,036 shares of the company were exchanged, compared to its average volume of 647,867. The stock has a fifty day simple moving average of $18.58 and a two-hundred day simple moving average of $15.76. The firm has a market cap of $1.54 billion, a PE ratio of 31.07 and a beta of 1.14. A10 Networks has a fifty-two week low of $12.27 and a fifty-two week high of $20.89.

A10 Networks (NYSE:ATEN) last announced its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.22 by $0.03. A10 Networks had a net margin of 19.29% and a return on equity of 22.69%. As a group, analysts forecast that A10 Networks will post 0.6 earnings per share for the current year.

Insider Transactions at A10 Networks

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 transaction of $102,905.40. Following the transaction, the executive vice president now owns 23,799 shares of the company’s stock, valued at $397,443.30. This represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.82% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ATEN shares. StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Craig Hallum lifted their target price on shares of A10 Networks from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, BWS Financial reissued a “buy” rating and issued a $24.00 price target on shares of A10 Networks in a report 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.