Livforsakringsbolaget Skandia Omsesidigt cut its position in Juniper Networks, Inc. (NYSE:JNPR) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 65,762 shares of the network equipment provider’s stock after selling 3,800 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Juniper Networks were worth $1,874,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Juniper Networks during the third quarter worth $111,000. Stevens First Principles Investment Advisors increased its position in shares of Juniper Networks by 40.9% during the third quarter. Stevens First Principles Investment Advisors now owns 7,045 shares of the network equipment provider’s stock worth $196,000 after acquiring an additional 2,045 shares in the last quarter. Petrus Trust Company LTA bought a new stake in shares of Juniper Networks during the second quarter worth $204,000. Intact Investment Management Inc. bought a new stake in shares of Juniper Networks during the third quarter worth $217,000. Finally, Private Advisor Group LLC bought a new stake in shares of Juniper Networks during the second quarter worth $222,000. Institutional investors own 90.64% of the company’s stock.
Shares of Juniper Networks, Inc. (NYSE:JNPR) opened at $27.66 on Friday. The company has a market cap of $10,749.19, a price-to-earnings ratio of 16.08, a price-to-earnings-growth ratio of 2.64 and a beta of 1.10. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.70 and a quick ratio of 2.70. Juniper Networks, Inc. has a 12 month low of $23.87 and a 12 month high of $30.96.
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 analysts’ consensus estimates of $0.58 by ($0.03). The firm had revenue of $1.26 billion during 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 business’s revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.58 EPS. equities research analysts expect that Juniper Networks, Inc. will post 1.7 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 1st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Thursday, November 30th. Juniper Networks’s dividend payout ratio is currently 23.26%.
Several brokerages have recently issued reports on JNPR. BidaskClub downgraded shares of Juniper Networks from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. UBS Group lowered their price objective on shares of Juniper Networks from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday, October 25th. Robert W. Baird reissued a “hold” rating and set a $26.00 price objective on shares of Juniper Networks in a research report on Thursday, November 30th. William Blair reissued a “hold” rating on shares of Juniper Networks in a research report on Wednesday, October 25th. Finally, Barclays downgraded shares of Juniper Networks from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $28.00 to $25.00 in a research report on Wednesday. Six research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $28.84.
In other news, Director Rahul N. Merchant purchased 2,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was purchased at an average price of $24.48 per share, for a total transaction of $48,960.00. Following the completion of the purchase, the director now directly owns 22,543 shares in the company, valued at approximately $551,852.64. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Rami Rahim sold 5,400 shares of the stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $26.35, for a total transaction of $142,290.00. Following the completion of the sale, the chief executive officer now owns 469,607 shares of the company’s stock, valued at approximately $12,374,144.45. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.
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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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