Magnetar Financial LLC Sells 35,519 Shares of Juniper Networks, Inc. (JNPR)

Magnetar Financial LLC reduced its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 39.7% in the third quarter, according to its most recent 13F 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of JNPR. 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 valued at $131,000 after purchasing an additional 21 shares during the period. D.A. Davidson & CO. grew its holdings in Juniper Networks by 0.3% during the second quarter. D.A. Davidson & CO. now owns 8,348 shares of the network equipment provider’s stock worth $232,000 after acquiring an additional 24 shares during the period. Cadence Capital Management LLC grew its holdings in Juniper Networks by 0.5% during the second quarter. Cadence Capital Management LLC now owns 12,930 shares of the network equipment provider’s stock worth $360,000 after acquiring an additional 63 shares during the period. CIBC Asset Management Inc grew its holdings in Juniper Networks by 0.3% during the second quarter. CIBC Asset Management Inc now owns 43,173 shares of the network equipment provider’s stock worth $1,204,000 after acquiring an additional 121 shares during the period. Finally, Synovus Financial Corp grew its holdings in Juniper Networks by 1.9% during the second quarter. Synovus Financial Corp now owns 7,462 shares of the network equipment provider’s stock worth $208,000 after acquiring an additional 139 shares during the period. Hedge funds and other institutional investors own 90.94% of the company’s stock.

In related news, CEO Rami Rahim sold 5,400 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 469,607 shares of the company’s stock, valued at approximately $12,374,144.45. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Rahul N. Merchant bought 2,000 shares of Juniper Networks stock in a transaction that occurred on Wednesday, November 8th. The stock was bought at an average cost of $24.48 per share, for a total transaction of $48,960.00. Following the purchase, the director now owns 22,543 shares in the company, valued at approximately $551,852.64. The disclosure for this purchase can be found here. Insiders own 2.60% of the company’s stock.

Several research firms recently commented on JNPR. Stifel Nicolaus began coverage on Juniper Networks in a report on Thursday. They set a “hold” rating and a $28.00 target price on the stock. Raymond James Financial set a $31.00 price target on Juniper Networks and gave the stock a “buy” rating in a research report on Thursday, December 7th. BidaskClub downgraded Juniper Networks from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Needham & Company LLC restated a “hold” rating on shares of Juniper Networks in a research report on Tuesday, September 12th. Finally, BMO Capital Markets restated a “buy” rating and issued a $34.00 target price on shares of Juniper Networks in a research report on Wednesday, August 23rd. Five equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $29.04.

Shares of Juniper Networks, Inc. (JNPR) opened at $28.40 on Monday. The stock has a market capitalization of $10,647.96, a PE ratio of 15.60, a price-to-earnings-growth ratio of 2.64 and a beta of 1.10. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.41. Juniper Networks, Inc. has a fifty-two week low of $23.87 and a fifty-two week high of $30.96.

Juniper Networks (NYSE:JNPR) last posted its earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the firm posted $0.58 earnings per share. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. sell-side analysts predict that Juniper Networks, Inc. will post 1.7 earnings per share for the current fiscal year.

The business 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 $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Thursday, November 30th. Juniper Networks’s dividend payout ratio (DPR) is presently 23.26%.

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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.

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

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