JPMorgan Chase & Co. trimmed its stake in Juniper Networks, Inc. (NYSE:JNPR) by 2.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 855,997 shares of the network equipment provider’s stock after selling 19,541 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.23% of Juniper Networks worth $23,720,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Stifel Financial Corp boosted its stake in shares of Juniper Networks by 9.1% during the 2nd quarter. Stifel Financial Corp now owns 124,872 shares of the network equipment provider’s stock worth $3,480,000 after acquiring an additional 10,465 shares during the period. Regentatlantic Capital LLC boosted its stake in shares of Juniper Networks by 144.0% during the 3rd quarter. Regentatlantic Capital LLC now owns 27,584 shares of the network equipment provider’s stock worth $768,000 after acquiring an additional 16,280 shares during the period. Profund Advisors LLC boosted its stake in shares of Juniper Networks by 19.4% during the 2nd quarter. Profund Advisors LLC now owns 99,561 shares of the network equipment provider’s stock worth $2,776,000 after acquiring an additional 16,194 shares during the period. Riverhead Capital Management LLC boosted its stake in shares of Juniper Networks by 3.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 261,216 shares of the network equipment provider’s stock worth $7,283,000 after acquiring an additional 7,854 shares during the period. Finally, Candriam Luxembourg S.C.A. boosted its stake in shares of Juniper Networks by 23.9% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 1,135,469 shares of the network equipment provider’s stock worth $31,600,000 after acquiring an additional 219,275 shares during the period. Hedge funds and other institutional investors own 90.94% of the company’s stock.
In related news, Director Rahul N. Merchant acquired 2,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was purchased at an average cost of $24.48 per share, with a total value of $48,960.00. Following the acquisition, the director now directly owns 22,543 shares of the company’s stock, valued at $551,852.64. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Rami Rahim sold 16,100 shares of Juniper Networks stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $26.24, for a total value of $422,464.00. Following the completion of the transaction, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at $12,322,487.68. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.
Juniper Networks, Inc. (JNPR) traded down $0.40 during trading hours on Friday, reaching $28.40. The company had a trading volume of 8,251,941 shares, compared to its average volume of 7,917,479. The firm has a market cap of $10,797.93, a PE ratio of 15.82, a P/E/G ratio of 2.68 and a beta of 1.10. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.70 and a current ratio of 2.70. Juniper Networks, Inc. has a 1-year low of $23.87 and a 1-year high of $30.96.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.03). The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. Juniper Networks had a net margin of 12.77% and a return on equity of 13.81%. Juniper Networks’s revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 earnings per share. equities research analysts predict that Juniper Networks, Inc. will post 1.7 earnings per share 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 issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.40 annualized dividend and a yield of 1.41%. Juniper Networks’s dividend payout ratio is presently 23.26%.
Several brokerages have recently commented on JNPR. Robert W. Baird reiterated a “hold” rating and set a $26.00 target price (down from $28.00) on shares of Juniper Networks in a research note on Wednesday, October 25th. Bank of America downgraded Juniper Networks from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $35.00 to $31.00 in a research note on Wednesday, October 11th. BMO Capital Markets reduced their target price on Juniper Networks from $34.00 to $31.00 and set an “outperform” rating for the company in a research note on Thursday, October 12th. UBS reduced their target price on Juniper Networks from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, October 25th. Finally, Cowen reiterated a “hold” rating and set a $28.00 target price on shares of Juniper Networks in a research note on Friday, October 27th. Five analysts have rated the stock with a sell rating, seventeen have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $29.04.
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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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