Livforsakringsbolaget Skandia Omsesidigt decreased its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 94.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,062 shares of the network equipment provider’s stock after selling 49,400 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Juniper Networks were worth $82,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of JNPR. Janney Montgomery Scott LLC lifted its holdings in Juniper Networks by 5.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 8,673 shares of the network equipment provider’s stock worth $230,000 after purchasing an additional 426 shares in the last quarter. LS Investment Advisors LLC raised its holdings in shares of Juniper Networks by 3.7% during the 1st quarter. LS Investment Advisors LLC now owns 13,634 shares of the network equipment provider’s stock worth $361,000 after acquiring an additional 491 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Juniper Networks by 6.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 13,190 shares of the network equipment provider’s stock worth $349,000 after acquiring an additional 750 shares in the last quarter. Securian Asset Management Inc raised its holdings in shares of Juniper Networks by 2.4% during the 1st quarter. Securian Asset Management Inc now owns 35,533 shares of the network equipment provider’s stock worth $941,000 after acquiring an additional 829 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its holdings in shares of Juniper Networks by 1.7% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 52,869 shares of the network equipment provider’s stock worth $1,399,000 after acquiring an additional 867 shares in the last quarter. 90.92% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Manoj Leelanivas sold 9,000 shares of Juniper Networks stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $26.80, for a total value of $241,200.00. Following the sale, the executive vice president now directly owns 18,641 shares of the company’s stock, valued at $499,578.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kenneth Bradley Miller sold 7,000 shares of Juniper Networks stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $27.02, for a total value of $189,140.00. Following the transaction, the chief financial officer now owns 77,333 shares in the company, valued at approximately $2,089,537.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,500 shares of company stock valued at $497,990. Company insiders own 1.10% of the company’s stock.
Several analysts have recently issued reports on JNPR shares. TheStreet cut Juniper Networks from a “b” rating to a “c+” rating in a report on Thursday, April 25th. Barclays assumed coverage on Juniper Networks in a report on Wednesday. They set an “equal weight” rating and a $27.00 price objective on the stock. Rosenblatt Securities upgraded Juniper Networks from a “sell” rating to a “neutral” rating and increased their price target for the company from $24.00 to $27.00 in a report on Wednesday, June 12th. Citigroup lowered Juniper Networks from a “neutral” rating to a “sell” rating and decreased their price target for the company from $28.00 to $24.00 in a report on Monday, July 8th. Finally, Raymond James set a $30.00 price target on Juniper Networks and gave the company a “buy” rating in a report on Friday, July 26th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Juniper Networks presently has an average rating of “Hold” and a consensus target price of $27.57.
JNPR stock traded down $0.11 during trading on Friday, reaching $25.51. 893,852 shares of the company traded hands, compared to its average volume of 3,232,126. The company’s 50 day moving average price is $26.69. The company has a quick ratio of 2.89, a current ratio of 2.13 and a debt-to-equity ratio of 0.32. Juniper Networks, Inc. has a 12 month low of $24.51 and a 12 month high of $30.80. The company has a market capitalization of $8.80 billion, a P/E ratio of 18.75, a price-to-earnings-growth ratio of 3.23 and a beta of 0.92.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Thursday, July 25th. The network equipment provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.06). Juniper Networks had a net margin of 11.05% and a return on equity of 10.00%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the business posted $0.48 earnings per share. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. Equities research analysts expect that Juniper Networks, Inc. will post 1.26 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Tuesday, September 3rd. Juniper Networks’s payout ratio is 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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