AMP Capital Investors Ltd increased its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 7.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 241,979 shares of the network equipment provider’s stock after buying an additional 16,967 shares during the quarter. AMP Capital Investors Ltd owned 0.06% of Juniper Networks worth $6,734,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in JNPR. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Juniper Networks during the 3rd quarter worth $111,000. Acrospire Investment Management LLC lifted its position in shares of Juniper Networks by 4.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 4,890 shares of the network equipment provider’s stock worth $136,000 after buying an additional 201 shares during the last quarter. Stevens First Principles Investment Advisors lifted its position in shares of Juniper Networks by 40.9% during the 3rd quarter. Stevens First Principles Investment Advisors now owns 7,045 shares of the network equipment provider’s stock worth $196,000 after buying an additional 2,045 shares during the last quarter. Petrus Trust Company LTA bought a new stake in shares of Juniper Networks during the 2nd quarter worth $204,000. Finally, Synovus Financial Corp lifted its position in shares of Juniper Networks by 1.9% during the 2nd quarter. Synovus Financial Corp now owns 7,462 shares of the network equipment provider’s stock worth $208,000 after buying an additional 139 shares during the last quarter. Institutional investors and hedge funds own 90.94% of the company’s stock.
JNPR has been the subject of a number of recent research reports. Raymond James Financial set a $31.00 target price on Juniper Networks and gave the stock a “buy” rating in a report on Thursday, December 7th. Robert W. Baird reissued a “hold” rating and issued a $26.00 price target on shares of Juniper Networks in a research note on Thursday, November 30th. ValuEngine raised Juniper Networks from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Wells Fargo & Company started coverage on Juniper Networks in a research note on Tuesday, November 14th. They issued a “market perform” rating and a $25.00 price target for the company. Finally, Cowen reissued a “hold” rating and issued a $28.00 price target on shares of Juniper Networks in a research note on Friday, October 27th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $29.25.
Shares of Juniper Networks, Inc. (NYSE:JNPR) traded up $0.19 during trading on Thursday, hitting $29.11. The company had a trading volume of 4,061,800 shares, compared to its average volume of 5,253,425. Juniper Networks, Inc. has a 52 week low of $23.87 and a 52 week high of $30.96. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.41. The company has a market cap of $11,070.00, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 2.69 and a beta of 1.10.
Juniper Networks (NYSE:JNPR) last announced its 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). 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 quarter in the previous year, the company earned $0.58 EPS. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. analysts predict that Juniper Networks, Inc. will post 1.7 earnings per share for the current fiscal year.
The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.37%. Juniper Networks’s payout ratio is 23.95%.
In other news, Director Rahul N. Merchant purchased 2,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were acquired at an average price of $24.48 per share, for a total transaction of $48,960.00. Following the completion of the acquisition, the director now owns 22,543 shares in the company, valued at $551,852.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Rami Rahim sold 16,100 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $26.24, for a total value of $422,464.00. Following the completion of the transaction, the chief executive officer now owns 469,607 shares in the company, valued at approximately $12,322,487.68. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.
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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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