Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 8.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,790 shares of the network equipment provider’s stock after acquiring an additional 3,470 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Juniper Networks were worth $1,239,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mondrian Capital Management LLC purchased a new stake in shares of Juniper Networks during the fourth quarter worth $27,000. Covington Capital Management purchased a new stake in shares of Juniper Networks during the fourth quarter worth $31,000. Bremer Trust National Association purchased a new stake in shares of Juniper Networks during the fourth quarter worth $41,000. Financial Gravity Companies Inc. purchased a new stake in shares of Juniper Networks during the fourth quarter worth $47,000. Finally, CKW Financial Group increased its position in shares of Juniper Networks by 33.3% during the fourth quarter. CKW Financial Group now owns 2,000 shares of the network equipment provider’s stock worth $54,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.
NYSE:JNPR opened at $26.68 on Wednesday. The firm has a market capitalization of $9.42 billion, a P/E ratio of 19.62, a price-to-earnings-growth ratio of 3.16 and a beta of 0.84. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.49 and a current ratio of 2.89. Juniper Networks, Inc. has a 12 month low of $24.82 and a 12 month high of $30.80.
Juniper Networks (NYSE:JNPR) last posted its earnings results on Thursday, April 25th. The network equipment provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.11 by $0.15. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $983.92 million. Juniper Networks had a return on equity of 10.67% and a net margin of 12.34%. Juniper Networks’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.28 earnings per share. Analysts predict that Juniper Networks, Inc. will post 1.42 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 3rd will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.85%. The ex-dividend date is Friday, May 31st. Juniper Networks’s dividend payout ratio (DPR) is presently 55.88%.
In other Juniper Networks news, CFO Kenneth Bradley Miller sold 7,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $27.86, for a total value of $195,020.00. Following the completion of the transaction, the chief financial officer now owns 84,333 shares in the company, valued at $2,349,517.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bikash Koley sold 2,232 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $27.05, for a total transaction of $60,375.60. Following the completion of the transaction, the executive vice president now owns 56,739 shares of the company’s stock, valued at approximately $1,534,789.95. The disclosure for this sale can be found here. Insiders sold 49,755 shares of company stock worth $1,380,244 in the last three months. 1.10% of the stock is currently owned by corporate insiders.
JNPR has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their price objective on Juniper Networks from $26.00 to $24.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 30th. Credit Suisse Group set a $21.00 price objective on Juniper Networks and gave the stock a “sell” rating in a research report on Wednesday, January 16th. Zacks Investment Research raised Juniper Networks from a “sell” rating to a “hold” rating in a research report on Tuesday, April 2nd. Bank of America lowered Juniper Networks from a “buy” rating to an “underperform” rating and cut their price objective for the stock from $33.00 to $25.00 in a research report on Wednesday, January 30th. Finally, Wolfe Research lowered Juniper Networks from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 30th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $28.15.
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Juniper Networks Company 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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