Juniper Networks, Inc. (JNPR) Stake Lowered by Magnetar Financial LLC

Magnetar Financial LLC cut its stake in Juniper Networks, Inc. (NYSE:JNPR) by 39.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,891 shares of the network equipment provider’s stock after selling 35,519 shares during the quarter. Magnetar Financial LLC’s holdings in Juniper Networks were worth $1,500,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Numeric Investors LLC increased its stake in Juniper Networks by 3,949.6% during the 2nd 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 in the last quarter. Renaissance Technologies LLC increased its stake in Juniper Networks by 197.7% during the 2nd 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 in the last quarter. Prudential Financial Inc. increased its stake in Juniper Networks by 260.0% during the 2nd quarter. Prudential Financial Inc. now owns 3,374,305 shares of the network equipment provider’s stock worth $94,076,000 after purchasing an additional 2,437,006 shares in the last quarter. Vanguard Group Inc. increased its stake in Juniper Networks by 6.4% during the 2nd quarter. Vanguard Group Inc. now owns 38,434,820 shares of the network equipment provider’s stock worth $1,071,564,000 after purchasing an additional 2,314,683 shares in the last quarter. Finally, Capital Fund Management S.A. bought a new stake in Juniper Networks during the 2nd quarter worth approximately $43,858,000. 90.94% of the stock is owned by institutional investors.

Shares of Juniper Networks, Inc. (JNPR) opened at $28.38 on Friday. The company has a market capitalization of $10,655.46, a P/E ratio of 15.61, a PEG ratio of 2.64 and a beta of 1.10. 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, Inc. has a twelve month low of $23.87 and a twelve month high of $30.96.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings data 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). Juniper Networks had a net margin of 12.77% and a return on equity of 13.81%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the company posted $0.58 EPS. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. analysts forecast that Juniper Networks, Inc. will post 1.7 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.41%. The ex-dividend date is Thursday, November 30th. Juniper Networks’s payout ratio is 23.26%.

A number of analysts recently issued reports on JNPR shares. BMO Capital Markets reissued a “buy” rating and set a $34.00 target price on shares of Juniper Networks in a research note on Wednesday, August 23rd. ValuEngine raised Juniper Networks from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Raymond James Financial set a $31.00 target price on Juniper Networks and gave the stock a “buy” rating in a research note on Thursday. Barclays lowered their target price on Juniper Networks from $32.00 to $28.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 25th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a research note on Thursday, October 12th. 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’s stock. The company has a consensus rating of “Hold” and a consensus price target of $29.25.

In other news, Director Rahul N. Merchant acquired 2,000 shares of the stock in a transaction on Wednesday, November 8th. The shares were purchased at an average price of $24.48 per share, for a total transaction 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 acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Rami Rahim sold 5,400 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $26.35, for a total value of $142,290.00. Following the transaction, the chief executive officer now owns 469,607 shares in the company, valued at approximately $12,374,144.45. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.

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About Juniper Networks

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

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