British Airways Pensions Investment Management Ltd lowered its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 27.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 443,530 shares of the network equipment provider’s stock after selling 169,269 shares during the period. British Airways Pensions Investment Management Ltd owned 0.12% of Juniper Networks worth $12,340,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Creative Planning increased its holdings in shares of Juniper Networks by 0.4% in the second quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock worth $131,000 after purchasing an additional 21 shares during the period. Acrospire Investment Management LLC increased its holdings in shares of Juniper Networks by 4.3% in the second quarter. Acrospire Investment Management LLC now owns 4,890 shares of the network equipment provider’s stock worth $136,000 after purchasing an additional 201 shares during the period. Stevens First Principles Investment Advisors increased its holdings in shares of Juniper Networks by 40.9% in the third quarter. Stevens First Principles Investment Advisors now owns 7,045 shares of the network equipment provider’s stock worth $196,000 after purchasing an additional 2,045 shares during the period. Petrus Trust Company LTA bought a new position in shares of Juniper Networks in the second quarter worth $204,000. Finally, River Wealth Advisors LLC bought a new position in shares of Juniper Networks in the second quarter worth $206,000. Hedge funds and other institutional investors own 93.32% of the company’s stock.
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In related news, CEO Rami Rahim sold 16,100 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $26.24, for a total transaction of $422,464.00. Following the completion of the sale, the chief executive officer now owns 469,607 shares of the company’s stock, valued at $12,322,487.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rahul N. Merchant purchased 2,000 shares of Juniper Networks stock in a transaction that occurred on Wednesday, November 8th. The shares were purchased at an average cost of $24.48 per share, with a total value of $48,960.00. Following the transaction, the director now directly owns 22,543 shares of the company’s stock, valued at $551,852.64. The disclosure for this purchase can be found here. Insiders have sold 48,200 shares of company stock valued at $1,296,861 in the last ninety days. Insiders own 2.60% of the company’s stock.
Shares of Juniper Networks, Inc. (NYSE:JNPR) traded up $0.24 during midday trading on Friday, hitting $26.19. 5,920,500 shares of the company’s stock were exchanged, compared to its average volume of 4,980,433. Juniper Networks, Inc. has a fifty-two week low of $23.87 and a fifty-two week high of $30.96. The company has a market capitalization of $9,930.00, a P/E ratio of 14.26, a price-to-earnings-growth ratio of 2.06 and a beta of 1.05. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.41.
Juniper Networks (NYSE:JNPR) last announced its earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.03). Juniper Networks had a net margin of 12.77% and a return on equity of 13.81%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the business posted $0.58 EPS. Juniper Networks’s revenue for the quarter was down 2.1% on a year-over-year basis. research analysts forecast that Juniper Networks, Inc. will post 1.7 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Thursday, November 30th. Juniper Networks’s dividend payout ratio is 23.95%.
JNPR has been the topic of several research analyst reports. Zacks Investment Research raised shares of Juniper Networks from a “hold” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a report on Wednesday, August 16th. BidaskClub raised Juniper Networks from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Bank of America Corporation cut Juniper Networks from a “buy” rating to a “neutral” rating and reduced their target price for the company from $35.00 to $31.00 in a research note on Wednesday, October 11th. Nomura cut Juniper Networks from a “buy” rating to a “neutral” rating and reduced their target price for the company from $33.00 to $27.00 in a research note on Thursday, October 12th. Finally, Drexel Hamilton reissued a “buy” rating and issued a $37.00 target price on shares of Juniper Networks in a research note on Thursday, July 20th. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $29.42.
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.
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