Meadow Creek Investment Management LLC lessened its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 10.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 109,312 shares of the network equipment provider’s stock after selling 13,344 shares during the period. Meadow Creek Investment Management LLC’s holdings in Juniper Networks were worth $3,115,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. First Trust Advisors LP boosted its position in shares of Juniper Networks by 24.6% in the fourth quarter. First Trust Advisors LP now owns 8,988,140 shares of the network equipment provider’s stock valued at $256,162,000 after acquiring an additional 1,772,303 shares during the period. Two Sigma Advisers LP boosted its position in shares of Juniper Networks by 84.9% in the fourth quarter. Two Sigma Advisers LP now owns 3,581,931 shares of the network equipment provider’s stock valued at $102,085,000 after acquiring an additional 1,644,295 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Juniper Networks by 25.4% in the third quarter. Bank of New York Mellon Corp now owns 6,784,158 shares of the network equipment provider’s stock valued at $188,804,000 after acquiring an additional 1,375,394 shares during the period. Schroder Investment Management Group boosted its position in shares of Juniper Networks by 521.1% in the fourth quarter. Schroder Investment Management Group now owns 1,485,700 shares of the network equipment provider’s stock valued at $42,342,000 after acquiring an additional 1,246,500 shares during the period. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in shares of Juniper Networks in the fourth quarter valued at approximately $30,993,000. Institutional investors own 95.58% of the company’s stock.
Juniper Networks, Inc. (NYSE JNPR) opened at $26.29 on Friday. The stock has a market capitalization of $9,016.74, a price-to-earnings ratio of 32.46, a price-to-earnings-growth ratio of 3.04 and a beta of 0.87. Juniper Networks, Inc. has a twelve month low of $23.87 and a twelve month high of $30.96. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.41 and a current ratio of 2.41.
Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data on Tuesday, January 30th. The network equipment provider reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the business earned $0.66 earnings per share. The business’s revenue was down 10.5% on a year-over-year basis. equities research analysts anticipate that Juniper Networks, Inc. will post 1.34 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 1st will be paid a $0.18 dividend. The ex-dividend date is Wednesday, February 28th. This is a positive change from Juniper Networks’s previous quarterly dividend of $0.10. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.74%. Juniper Networks’s dividend payout ratio (DPR) is 88.89%.
Juniper Networks announced that its Board of Directors has approved a share buyback program on Tuesday, January 30th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the network equipment provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.
Several research analysts recently commented on JNPR shares. ValuEngine raised Juniper Networks from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. Robert W. Baird reaffirmed a “hold” rating and issued a $26.00 target price on shares of Juniper Networks in a research report on Thursday, November 30th. Raymond James Financial set a $31.00 target price on Juniper Networks and gave the stock a “buy” rating in a research report on Thursday, December 7th. Stifel Nicolaus started coverage on Juniper Networks in a research report on Thursday, December 14th. They issued a “hold” rating and a $28.00 target price for the company. Finally, Deutsche Bank reaffirmed a “sell” rating and issued a $20.00 target price on shares of Juniper Networks in a research report on Friday, January 5th. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $28.61.
In other news, EVP Vincent Molinaro sold 7,647 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $26.21, for a total value of $200,427.87. Following the completion of the sale, the executive vice president now directly owns 17,989 shares in the company, valued at $471,491.69. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Rami Rahim sold 10,800 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $26.27, for a total value of $283,716.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,813 shares of company stock valued at $1,124,709. 2.60% of the stock is currently owned by corporate insiders.
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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.
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