Juniper Networks, Inc. (JNPR) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd reduced its stake in Juniper Networks, Inc. (NYSE:JNPR) by 38.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,572 shares of the network equipment provider’s stock after selling 16,202 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Juniper Networks were worth $713,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Numeric Investors LLC raised its holdings in Juniper Networks by 3,949.6% during the second quarter. Numeric Investors LLC now owns 4,673,200 shares of the network equipment provider’s stock worth $130,289,000 after purchasing an additional 4,557,800 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Juniper Networks by 197.7% during the second quarter. Renaissance Technologies LLC now owns 5,427,091 shares of the network equipment provider’s stock worth $151,307,000 after purchasing an additional 3,604,200 shares during the last quarter. Diamond Hill Capital Management Inc. raised its holdings in Juniper Networks by 40.0% during the second quarter. Diamond Hill Capital Management Inc. now owns 11,378,124 shares of the network equipment provider’s stock worth $317,222,000 after purchasing an additional 3,248,819 shares during the last quarter. Prudential Financial Inc. increased its position in Juniper Networks by 260.0% during the second quarter. Prudential Financial Inc. now owns 3,374,305 shares of the network equipment provider’s stock worth $94,076,000 after buying an additional 2,437,006 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Juniper Networks by 6.4% during the second quarter. Vanguard Group Inc. now owns 38,434,820 shares of the network equipment provider’s stock worth $1,071,564,000 after buying an additional 2,314,683 shares in the last quarter. 90.19% of the stock is owned by institutional investors and hedge funds.

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In related news, VP Terrance F. Spidell sold 3,313 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $27.69, for a total transaction of $91,736.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rami Rahim sold 16,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $27.43, for a total transaction of $438,880.00. Following the sale, the chief executive officer now owns 469,607 shares of the company’s stock, valued at approximately $12,881,320.01. The disclosure for this sale can be found here. Insiders have sold 30,013 shares of company stock worth $823,844 over the last three months. 2.60% of the stock is owned by insiders.

Shares of Juniper Networks, Inc. (JNPR) traded down 0.04% on Friday, reaching $24.85. 2,320,899 shares of the company’s stock were exchanged. Juniper Networks, Inc. has a 12 month low of $23.87 and a 12 month high of $30.96. The firm’s 50-day moving average price is $27.18 and its 200 day moving average price is $28.33. The company has a market cap of $9.45 billion, a price-to-earnings ratio of 14.87 and a beta of 1.09.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings data on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). Juniper Networks had a net margin of 12.77% and a return on equity of 13.80%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the business posted $0.58 earnings per share. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. Equities research analysts predict that Juniper Networks, Inc. will post $2.11 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Thursday, November 30th. Juniper Networks’s payout ratio is currently 23.26%.

Several equities analysts have weighed in on the company. Zacks Investment Research raised Juniper Networks from a “hold” rating to a “strong-buy” rating and set a $32.00 price target for the company in a research report on Wednesday, August 16th. Robert W. Baird restated a “hold” rating and set a $26.00 price objective (down previously from $28.00) on shares of Juniper Networks in a research note on Wednesday. UBS AG cut their price target on Juniper Networks from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Wednesday. Cowen and Company reiterated a “hold” rating and issued a $28.00 price target on shares of Juniper Networks in a research note on Friday. Finally, BidaskClub cut Juniper Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Juniper Networks presently has an average rating of “Hold” and a consensus target price of $29.54.

Juniper Networks Company 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.

Institutional Ownership by Quarter for Juniper Networks (NYSE:JNPR)

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