Governors Lane LP Invests $4.59 Million in Juniper Networks, Inc. (JNPR)

Governors Lane LP acquired a new position in Juniper Networks, Inc. (NYSE:JNPR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 161,000 shares of the network equipment provider’s stock, valued at approximately $4,589,000.

Other hedge funds have also bought and sold shares of the company. Janus Henderson Group PLC raised its position in shares of Juniper Networks by 33.6% in the 3rd quarter. Janus Henderson Group PLC now owns 96,800 shares of the network equipment provider’s stock worth $2,694,000 after acquiring an additional 24,348 shares in the last quarter. Regentatlantic Capital LLC raised its position in shares of Juniper Networks by 144.0% in the 3rd quarter. Regentatlantic Capital LLC now owns 27,584 shares of the network equipment provider’s stock worth $768,000 after acquiring an additional 16,280 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Juniper Networks by 17.5% in the 3rd quarter. Prudential Financial Inc. now owns 3,965,653 shares of the network equipment provider’s stock worth $110,364,000 after acquiring an additional 591,348 shares in the last quarter. Candriam Luxembourg S.C.A. raised its position in shares of Juniper Networks by 23.9% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 1,135,469 shares of the network equipment provider’s stock worth $31,600,000 after acquiring an additional 219,275 shares in the last quarter. Finally, Boston Advisors LLC raised its position in shares of Juniper Networks by 14.1% in the 3rd quarter. Boston Advisors LLC now owns 389,130 shares of the network equipment provider’s stock worth $10,829,000 after acquiring an additional 48,110 shares in the last quarter. 89.67% of the stock is owned by hedge funds and other institutional investors.

In other Juniper Networks news, CEO Rami Rahim sold 16,100 shares of Juniper Networks stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $26.24, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is currently owned by insiders.

Several research analysts have recently weighed in on the company. ValuEngine raised Juniper Networks from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. Robert W. Baird restated a “hold” rating and issued a $26.00 target price on shares of Juniper Networks in a research note on Thursday, November 30th. Stifel Nicolaus began coverage on Juniper Networks in a research note on Thursday, December 14th. They issued a “hold” rating and a $28.00 target price for the company. Deutsche Bank restated a “sell” rating and issued a $20.00 target price on shares of Juniper Networks in a research note on Friday, January 5th. Finally, Piper Jaffray Companies restated a “neutral” rating and issued a $27.00 target price on shares of Juniper Networks in a research note on Wednesday, January 10th. Five analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $28.61.

Juniper Networks, Inc. (NYSE:JNPR) opened at $26.19 on Wednesday. The stock has a market capitalization of $9,673.15, a PE ratio of 14.74, a price-to-earnings-growth ratio of 2.99 and a beta of 0.89. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.70 and a current ratio of 2.41. Juniper Networks, Inc. has a 12 month low of $23.87 and a 12 month high of $30.96.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Tuesday, January 30th. The network equipment provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. Juniper Networks had a return on equity of 13.34% and a net margin of 6.26%. The company’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 EPS. equities research analysts expect that Juniper Networks, Inc. will post 1.34 earnings per share for the current fiscal year.

Juniper Networks declared that its Board of Directors has authorized a share repurchase program on Tuesday, January 30th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the network equipment provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.72 dividend on an annualized basis and a yield of 2.75%. This is an increase from Juniper Networks’s previous quarterly dividend of $0.10. Juniper Networks’s payout ratio is 49.38%.

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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.

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

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