Saturna Capital CORP cut its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 32.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,027 shares of the network equipment provider’s stock after selling 14,088 shares during the quarter. Saturna Capital CORP’s holdings in Juniper Networks were worth $827,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Stifel Financial Corp grew its stake in shares of Juniper Networks by 9.1% during the 2nd quarter. Stifel Financial Corp now owns 124,872 shares of the network equipment provider’s stock worth $3,480,000 after purchasing an additional 10,465 shares during the period. Janus Henderson Group PLC grew its stake in shares of Juniper Networks by 33.6% during the 3rd quarter. Janus Henderson Group PLC now owns 96,800 shares of the network equipment provider’s stock worth $2,694,000 after purchasing an additional 24,348 shares during the period. Regentatlantic Capital LLC grew its stake in shares of Juniper Networks by 144.0% during the 3rd quarter. Regentatlantic Capital LLC now owns 27,584 shares of the network equipment provider’s stock worth $768,000 after purchasing an additional 16,280 shares during the period. Prudential Financial Inc. grew its stake in shares of Juniper Networks by 17.5% during the 3rd quarter. Prudential Financial Inc. now owns 3,965,653 shares of the network equipment provider’s stock worth $110,364,000 after purchasing an additional 591,348 shares during the period. Finally, Candriam Luxembourg S.C.A. grew its stake in shares of Juniper Networks by 23.9% during 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 purchasing an additional 219,275 shares during the period. 89.67% of the stock is owned by institutional investors.
JNPR has been the topic of a number of research analyst reports. Deutsche Bank reissued a “sell” rating and issued a $20.00 price target on shares of Juniper Networks in a research note on Friday, January 5th. 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. Wells Fargo & Co initiated coverage on shares of Juniper Networks in a research note on Tuesday, November 14th. They issued a “market perform” rating and a $25.00 price target on the stock. ValuEngine raised shares of Juniper Networks from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Finally, Raymond James Financial set a $31.00 price target on shares of Juniper Networks and gave the company a “buy” rating in a research note on Thursday, December 7th. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the company’s stock. Juniper Networks presently has an average rating of “Hold” and a consensus target price of $28.61.
In other news, CEO Rami Rahim sold 16,100 shares of Juniper Networks stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $26.24, for a total transaction of $422,464.00. Following 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 legal filing with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is owned by insiders.
Shares of Juniper Networks, Inc. (NYSE JNPR) traded down $0.01 on Wednesday, reaching $26.18. 4,284,854 shares of the company’s stock traded hands, compared to its average volume of 4,233,862. Juniper Networks, Inc. has a 52 week low of $23.87 and a 52 week high of $30.96. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.70 and a current ratio of 2.41. The firm has a market cap of $9,673.15, a PE ratio of 32.30, a PEG ratio of 2.99 and a beta of 0.89.
Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results on Tuesday, January 30th. The network equipment provider reported $0.53 EPS for the quarter, topping the consensus estimate of $0.52 by $0.01. Juniper Networks had a return on equity of 13.34% and a net margin of 6.26%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the firm earned $0.66 EPS. The company’s quarterly revenue was down 10.5% compared to the same quarter last year. sell-side analysts predict that Juniper Networks, Inc. will post 1.34 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 1st will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Wednesday, February 28th. This is a positive change from Juniper Networks’s previous quarterly dividend of $0.10. Juniper Networks’s payout ratio is currently 49.38%.
Juniper Networks announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, January 30th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the network equipment provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.
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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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