Janney Montgomery Scott LLC increased its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 243.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,757 shares of the network equipment provider’s stock after buying an additional 21,084 shares during the period. Janney Montgomery Scott LLC’s holdings in Juniper Networks were worth $792,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of JNPR. NEXT Financial Group Inc acquired a new stake in Juniper Networks in the 2nd quarter valued at about $27,000. Bremer Bank National Association bought a new position in shares of Juniper Networks in the 1st quarter valued at about $39,000. CENTRAL TRUST Co bought a new position in shares of Juniper Networks in the 2nd quarter valued at about $51,000. Rational Advisors LLC boosted its stake in shares of Juniper Networks by 1,800.8% in the 1st quarter. Rational Advisors LLC now owns 2,262 shares of the network equipment provider’s stock valued at $60,000 after purchasing an additional 2,143 shares during the last quarter. Finally, Tortoise Index Solutions LLC bought a new position in shares of Juniper Networks in the 1st quarter valued at about $64,000. 90.89% of the stock is owned by hedge funds and other institutional investors.
In other Juniper Networks news, Director Rahul N. Merchant sold 2,500 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $27.06, for a total value of $67,650.00. Following the completion of the sale, the director now owns 37,370 shares in the company, valued at $1,011,232.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William Stensrud sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $24.00, for a total value of $240,000.00. The disclosure for this sale can be found here. Insiders have sold 28,500 shares of company stock worth $737,990 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.Several analysts have commented on the stock. Citigroup downgraded shares of Juniper Networks from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $28.00 to $24.00 in a report on Monday, July 8th. Evercore ISI began coverage on shares of Juniper Networks in a report on Wednesday. They set an “inline” rating and a $26.00 target price on the stock. Barclays started coverage on shares of Juniper Networks in a report on Wednesday, August 7th. They set an “equal weight” rating and a $27.00 target price on the stock. Raymond James set a $29.00 price objective on shares of Juniper Networks and gave the stock a “buy” rating in a research report on Friday, September 6th. Finally, Rosenblatt Securities raised shares of Juniper Networks from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $24.00 to $27.00 in a research report on Wednesday, June 12th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. Juniper Networks presently has an average rating of “Hold” and an average price target of $27.40.
NYSE JNPR traded down $0.17 during trading hours on Friday, hitting $24.27. The company had a trading volume of 2,538,800 shares, compared to its average volume of 2,863,778. The firm has a market capitalization of $8.47 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 3.14 and a beta of 0.98. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.13 and a current ratio of 2.13. The firm has a 50 day simple moving average of $24.58 and a 200 day simple moving average of $26.17. Juniper Networks, Inc. has a 52 week low of $22.42 and a 52 week high of $30.80.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Thursday, July 25th. The network equipment provider reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.06). The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Juniper Networks had a net margin of 11.05% and a return on equity of 10.00%. The business’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 earnings per share. On average, research analysts forecast that Juniper Networks, Inc. will post 1.25 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.76 annualized dividend and a dividend yield of 3.13%. Juniper Networks’s dividend payout ratio is presently 55.88%.
Juniper Networks Profile
Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.
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