TCW Group Inc. bought a new position in shares of Juniper Networks, Inc. (NYSE:JNPR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 19,687 shares of the network equipment provider’s stock, valued at approximately $561,000.
Several other hedge funds have also recently bought and sold shares of the company. Hillsdale Investment Management Inc. boosted its stake in shares of Juniper Networks by 18.6% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 12,750 shares of the network equipment provider’s stock worth $355,000 after acquiring an additional 2,000 shares in the last quarter. Aperio Group LLC boosted its stake in shares of Juniper Networks by 1.0% during the 3rd quarter. Aperio Group LLC now owns 196,518 shares of the network equipment provider’s stock worth $5,469,000 after acquiring an additional 2,028 shares in the last quarter. Stevens First Principles Investment Advisors boosted its stake 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 acquiring an additional 2,045 shares in the last quarter. Strs Ohio boosted its stake in shares of Juniper Networks by 4.6% during the 3rd quarter. Strs Ohio now owns 51,605 shares of the network equipment provider’s stock worth $1,436,000 after acquiring an additional 2,249 shares in the last quarter. Finally, BKD Wealth Advisors LLC boosted its stake in shares of Juniper Networks by 17.2% during the 4th quarter. BKD Wealth Advisors LLC now owns 15,553 shares of the network equipment provider’s stock worth $443,000 after acquiring an additional 2,287 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently issued reports on JNPR. Robert W. Baird reissued a “hold” rating and set a $26.00 target price on shares of Juniper Networks in a research note on Thursday, November 30th. Loop Capital assumed coverage on shares of Juniper Networks in a research note on Monday, January 29th. They issued a “hold” rating and a $30.00 price target on the stock. Barclays lowered shares of Juniper Networks from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $28.00 to $25.00 in a research note on Wednesday, January 17th. ValuEngine raised shares of Juniper Networks from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Finally, Wells Fargo & Co assumed 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. Five research analysts have rated the stock with a sell rating, eighteen have assigned 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 price target of $28.61.
Shares of Juniper Networks, Inc. (NYSE JNPR) opened at $26.12 on Friday. The company has a market cap of $9,759.38, a PE ratio of 32.25, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. The company has a quick ratio of 2.70, a current ratio of 2.41 and a debt-to-equity ratio of 0.46. Juniper Networks, Inc. has a 1-year low of $23.87 and a 1-year high of $30.96.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings data on Tuesday, January 30th. The network equipment provider reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.01. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. Juniper Networks had a net margin of 6.26% and a return on equity of 13.34%. Juniper Networks’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.66 EPS. equities research analysts expect that Juniper Networks, Inc. will post 1.34 earnings per share for the current year.
The company 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. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.76%. This is an increase from Juniper Networks’s previous quarterly dividend of $0.10. Juniper Networks’s dividend payout ratio (DPR) is currently 49.38%.
Juniper Networks announced that its Board of Directors has initiated a share buyback program on Tuesday, January 30th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the network equipment provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
In other news, EVP Vincent Molinaro sold 7,647 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $26.21, for a total transaction of $200,427.87. Following the completion of the sale, the executive vice president now owns 17,989 shares in the company, valued at approximately $471,491.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Terrance F. Spidell sold 8,409 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $26.47, for a total transaction of $222,586.23. Following the sale, the vice president now owns 3,944 shares of the company’s stock, valued at approximately $104,397.68. The disclosure for this sale can be found here. Insiders have sold a total of 16,713 shares of company stock valued at $440,221 in the last 90 days. Insiders own 2.60% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This piece of content was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/02/24/tcw-group-inc-invests-561000-in-juniper-networks-inc-jnpr.html.
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.
Want to see what other hedge funds are holding JNPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Juniper Networks, Inc. (NYSE:JNPR).
Receive News & Ratings for Juniper Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Juniper Networks and related companies with MarketBeat.com's FREE daily email newsletter.