Boston Advisors LLC boosted its stake in Juniper Networks, Inc. (NYSE:JNPR) by 14.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 389,130 shares of the network equipment provider’s stock after buying an additional 48,110 shares during the period. Boston Advisors LLC owned 0.10% of Juniper Networks worth $10,829,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in JNPR. Numeric Investors LLC lifted its holdings in Juniper Networks by 3,949.6% in the 2nd quarter. Numeric Investors LLC now owns 4,673,200 shares of the network equipment provider’s stock valued at $130,289,000 after acquiring an additional 4,557,800 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Juniper Networks by 197.7% in the 2nd quarter. Renaissance Technologies LLC now owns 5,427,091 shares of the network equipment provider’s stock valued at $151,307,000 after acquiring an additional 3,604,200 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in Juniper Networks by 40.0% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 11,378,124 shares of the network equipment provider’s stock valued at $317,222,000 after acquiring an additional 3,248,819 shares during the last quarter. Prudential Financial Inc. lifted its holdings in Juniper Networks by 260.0% in the 2nd quarter. Prudential Financial Inc. now owns 3,374,305 shares of the network equipment provider’s stock valued at $94,076,000 after acquiring an additional 2,437,006 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Juniper Networks by 6.4% in the 2nd quarter. Vanguard Group Inc. now owns 38,434,820 shares of the network equipment provider’s stock valued at $1,071,564,000 after acquiring an additional 2,314,683 shares during the last quarter. Hedge funds and other institutional investors own 90.96% of the company’s stock.
Juniper Networks, Inc. (JNPR) opened at $25.00 on Friday. Juniper Networks, Inc. has a twelve month low of $23.87 and a twelve month high of $30.96. The company has a current ratio of 2.70, a quick ratio of 2.48 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $9,504.43, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 2.01 and a beta of 1.05.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.03). The company had revenue of $1.26 billion for 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%. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the business earned $0.58 EPS. equities research analysts forecast that Juniper Networks, Inc. will post 1.7 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be paid a $0.10 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.60%. Juniper Networks’s payout ratio is 23.26%.
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In other news, CEO Rami Rahim sold 5,300 shares of the firm’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $27.47, for a total value of $145,591.00. Following the sale, the chief executive officer now owns 469,607 shares in the company, valued at $12,900,104.29. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 26,700 shares of company stock worth $732,107. 2.60% of the stock is currently owned by corporate insiders.
A number of equities research analysts have weighed in on JNPR shares. Drexel Hamilton reissued a “buy” rating and issued a $37.00 price target on shares of Juniper Networks in a report on Thursday, July 20th. Raymond James Financial, Inc. raised shares of Juniper Networks from a “market perform” rating to an “outperform” rating and set a $34.00 price target for the company in a report on Friday, July 21st. Robert W. Baird set a $30.00 price target on shares of Juniper Networks and gave the company a “hold” rating in a report on Wednesday, July 26th. UBS AG reaffirmed a “neutral” rating and set a $30.00 price objective (up from $28.00) on shares of Juniper Networks in a research note on Wednesday, July 26th. Finally, TheStreet raised shares of Juniper Networks from a “c+” rating to a “b” rating in a research note on Monday, July 24th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Juniper Networks currently has a consensus rating of “Hold” and an average target price of $29.61.
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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