A10 Networks (NYSE:ATEN) Hits New 1-Year High After Earnings Beat

A10 Networks, Inc. (NYSE:ATEN)’s share price reached a new 52-week high during trading on Tuesday following a stronger than expected earnings report. The company traded as high as $20.01 and last traded at $19.87, with a volume of 3832 shares. The stock had previously closed at $19.70.

The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.03. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%.

A10 Networks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Friday, February 14th. A10 Networks’s dividend payout ratio (DPR) is presently 35.82%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ATEN. BWS Financial restated a “buy” rating and set a $24.00 price target on shares of A10 Networks in a report on Wednesday. Craig Hallum lifted their target price on A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, StockNews.com upgraded A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

Insider Buying and Selling at A10 Networks

In related news, EVP Karen S. Thomas sold 6,162 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $16.70, for a total transaction of $102,905.40. Following the completion of the transaction, the executive vice president now directly 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 legal filing with the SEC, which is available through this link. 5.82% of the stock is owned by corporate insiders.

Institutional Trading of A10 Networks

Hedge funds have recently made changes to their positions in the business. Guidance Capital Inc. increased its stake in A10 Networks by 2.0% during the 3rd quarter. Guidance Capital Inc. now owns 36,355 shares of the communications equipment provider’s stock worth $530,000 after buying an additional 718 shares during the period. GAMMA Investing LLC grew its stake in shares of A10 Networks by 43.5% in the fourth quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock worth $45,000 after acquiring an additional 744 shares in the last quarter. Martingale Asset Management L P increased its position in shares of A10 Networks by 0.8% during the third quarter. Martingale Asset Management L P now owns 101,051 shares of the communications equipment provider’s stock worth $1,459,000 after acquiring an additional 770 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of A10 Networks by 2.9% in the second quarter. The Manufacturers Life Insurance Company now owns 27,239 shares of the communications equipment provider’s stock valued at $377,000 after acquiring an additional 776 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its holdings in A10 Networks by 1.5% in the third quarter. Y Intercept Hong Kong Ltd now owns 54,664 shares of the communications equipment provider’s stock valued at $789,000 after purchasing an additional 814 shares during the period. Institutional investors and hedge funds own 98.61% of the company’s stock.

A10 Networks Stock Performance

The company has a 50 day moving average of $18.58 and a 200 day moving average of $15.76. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 31.07 and a beta of 1.14.

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.