Asset Management One Co. Ltd. increased its stake in Juniper Networks, Inc. (NYSE:JNPR) by 30.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 750,940 shares of the network equipment provider’s stock after acquiring an additional 175,560 shares during the quarter. Asset Management One Co. Ltd. owned about 0.20% of Juniper Networks worth $20,880,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Juniper Networks by 31.2% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 147,251 shares of the network equipment provider’s stock valued at $4,098,000 after buying an additional 35,000 shares during the last quarter. AMP Capital Investors Ltd lifted its holdings in Juniper Networks by 7.5% during the 3rd quarter. AMP Capital Investors Ltd now owns 241,979 shares of the network equipment provider’s stock worth $6,734,000 after purchasing an additional 16,967 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Juniper Networks by 15.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 60,382 shares of the network equipment provider’s stock worth $1,680,000 after purchasing an additional 7,908 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Juniper Networks by 5.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 58,845 shares of the network equipment provider’s stock worth $1,645,000 after purchasing an additional 3,100 shares in the last quarter. Finally, Sirios Capital Management L P lifted its holdings in Juniper Networks by 9.8% during the 3rd quarter. Sirios Capital Management L P now owns 1,853,223 shares of the network equipment provider’s stock worth $51,575,000 after purchasing an additional 165,612 shares in the last quarter. 90.94% of the stock is currently owned by institutional investors.
A number of equities analysts have weighed in on the company. Raymond James Financial set a $31.00 target price on Juniper Networks and gave the stock a “buy” rating in a research note on Thursday, December 7th. Robert W. Baird restated a “hold” rating and issued a $26.00 target price on shares of Juniper Networks in a research note on Thursday, November 30th. ValuEngine upgraded Juniper Networks from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Wells Fargo & Company initiated 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. Finally, Cowen reiterated a “hold” rating and set a $28.00 price objective on shares of Juniper Networks in a research report on Friday, October 27th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $29.25.
Juniper Networks, Inc. (NYSE JNPR) traded up $0.53 on Wednesday, hitting $28.92. The stock had a trading volume of 6,974,800 shares, compared to its average volume of 5,258,411. The stock has a market cap of $10,644.21, a PE ratio of 15.60, a PEG ratio of 2.64 and a beta of 1.10. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.41. Juniper Networks, Inc. has a 52 week low of $23.87 and a 52 week high of $30.96.
Juniper Networks (NYSE:JNPR) last released its earnings results 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 firm 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 company’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.58 EPS. sell-side analysts predict that Juniper Networks, Inc. will post 1.7 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, November 30th. Juniper Networks’s payout ratio is 23.26%.
In other news, Director Rahul N. Merchant acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was bought at an average price of $24.48 per share, with a total value of $48,960.00. Following the completion of the acquisition, the director now directly owns 22,543 shares of the company’s stock, valued at approximately $551,852.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rami Rahim sold 16,100 shares of Juniper Networks stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $26.24, for a total value of $422,464.00. Following the completion of the sale, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at approximately $12,322,487.68. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.
About Juniper Networks
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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