Bank of New York Mellon Corp increased its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 25.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,784,158 shares of the network equipment provider’s stock after buying an additional 1,375,394 shares during the period. Bank of New York Mellon Corp owned about 1.78% of Juniper Networks worth $188,804,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Creative Planning boosted its position in Juniper Networks by 0.4% during the second 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 in the last quarter. Acrospire Investment Management LLC boosted its position in Juniper Networks by 4.3% during the second 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 in the last quarter. Stevens First Principles Investment Advisors boosted its position in Juniper Networks by 40.9% during the third quarter. Stevens First Principles Investment Advisors now owns 7,045 shares of the network equipment provider’s stock valued at $196,000 after purchasing an additional 2,045 shares in the last quarter. Petrus Trust Company LTA bought a new stake in Juniper Networks during the second quarter valued at about $204,000. Finally, River Wealth Advisors LLC bought a new stake in Juniper Networks during the second quarter valued at about $206,000. Hedge funds and other institutional investors own 95.98% of the company’s stock.
In related news, CEO Rami Rahim sold 16,100 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $26.24, for a total transaction of $422,464.00. Following the completion of the sale, the chief executive officer now directly owns 469,607 shares in the company, valued at $12,322,487.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rahul N. Merchant purchased 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were purchased at an average price of $24.48 per share, with a total value of $48,960.00. Following the completion of the transaction, the director now directly owns 22,543 shares of the company’s stock, valued at approximately $551,852.64. The disclosure for this purchase can be found here. Insiders sold 48,200 shares of company stock valued at $1,296,861 over the last 90 days. Company insiders own 2.60% of the company’s stock.
A number of equities research analysts recently weighed in on the company. Wells Fargo & Company assumed coverage on Juniper Networks in a research report on Tuesday, November 14th. They set a “market perform” rating and a $25.00 price objective on the stock. Cowen and Company reaffirmed a “hold” rating and set a $28.00 price objective on shares of Juniper Networks in a research report on Friday, October 27th. William Blair reaffirmed a “hold” rating on shares of Juniper Networks in a research report on Wednesday, October 25th. Citigroup Inc. dropped their price objective on Juniper Networks from $28.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 25th. Finally, Barclays PLC lowered their price target on Juniper Networks from $32.00 to $28.00 and set an “equal weight” rating for the company in a report on Wednesday, October 25th. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $29.42.
Shares of Juniper Networks, Inc. (NYSE JNPR) opened at $26.30 on Monday. The company has a market capitalization of $10,000.00, a P/E ratio of 14.45, a PEG ratio of 2.09 and a beta of 1.05. Juniper Networks, Inc. has a 12-month low of $23.87 and a 12-month high of $30.96. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.70 and a quick ratio of 2.70.
Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Tuesday, October 24th. The network equipment provider reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.03). The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Juniper Networks had a net margin of 12.77% and a return on equity of 13.81%. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.58 earnings per share. sell-side analysts anticipate that Juniper Networks, Inc. will post 1.7 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Thursday, November 30th. Juniper Networks’s dividend payout ratio (DPR) is presently 23.95%.
Juniper Networks 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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