Toronto Dominion Bank boosted its position in Juniper Networks, Inc. (NYSE:JNPR) by 26.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 129,438 shares of the network equipment provider’s stock after purchasing an additional 26,792 shares during the quarter. Toronto Dominion Bank’s holdings in Juniper Networks were worth $3,608,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Planning raised its stake in Juniper Networks by 0.4% in the 2nd quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock valued at $131,000 after purchasing an additional 21 shares during the last quarter. Acrospire Investment Management LLC raised its stake in Juniper Networks by 4.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 4,890 shares of the network equipment provider’s stock valued at $136,000 after purchasing an additional 201 shares during the last quarter. Petrus Trust Company LTA acquired a new position in Juniper Networks in the 2nd quarter valued at $204,000. Menta Capital LLC acquired a new position in Juniper Networks in the 1st quarter valued at $205,000. Finally, River Wealth Advisors LLC acquired a new position in Juniper Networks in the 2nd quarter valued at $206,000. 90.14% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Rami Rahim sold 16,000 shares of the stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $27.43, for a total value of $438,880.00. Following the completion of the sale, the chief executive officer now owns 469,607 shares in the company, valued at $12,881,320.01. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Terrance F. Spidell sold 3,313 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $27.69, for a total value of $91,736.97. The disclosure for this sale can be found here. Insiders have sold 35,044 shares of company stock valued at $974,774 over the last 90 days. 2.60% of the stock is currently owned by insiders.
Several research analysts recently commented on JNPR shares. TheStreet downgraded Juniper Networks from a “b” rating to a “c+” rating in a research note on Thursday, June 29th. Drexel Hamilton reissued a “buy” rating and issued a $37.00 price objective on shares of Juniper Networks in a research note on Thursday, July 20th. BidaskClub downgraded Juniper Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Raymond James Financial, Inc. raised Juniper Networks from a “market perform” rating to an “outperform” rating and set a $34.00 price objective for the company in a research note on Friday, July 21st. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $30.00 price objective on shares of Juniper Networks in a research note on Wednesday, September 6th. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $30.35.
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Juniper Networks, Inc. (NYSE:JNPR) opened at 26.03 on Friday. The company’s 50-day moving average price is $27.34 and its 200-day moving average price is $28.38. The stock has a market capitalization of $9.90 billion, a PE ratio of 15.58 and a beta of 1.09. Juniper Networks, Inc. has a one year low of $23.14 and a one year high of $30.96.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.50 earnings per share. Equities research analysts predict that Juniper Networks, Inc. will post $2.17 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 1st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.40 annualized dividend and a yield of 1.54%. Juniper Networks’s dividend payout ratio is presently 23.39%.
Juniper Networks Company Profile
Juniper Networks, Inc designs, develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa, and Asia Pacific.
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