HBK Investments L P cut its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 84.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 116,180 shares of the network equipment provider’s stock after selling 616,356 shares during the period. HBK Investments L P’s holdings in Juniper Networks were worth $3,311,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. California State Teachers Retirement System lifted its stake in Juniper Networks by 7.5% during the fourth quarter. California State Teachers Retirement System now owns 712,663 shares of the network equipment provider’s stock worth $20,311,000 after purchasing an additional 49,575 shares during the last quarter. Two Sigma Investments LP lifted its stake in Juniper Networks by 210.0% during the fourth quarter. Two Sigma Investments LP now owns 1,271,697 shares of the network equipment provider’s stock worth $36,243,000 after purchasing an additional 861,500 shares during the last quarter. Two Sigma Advisers LP lifted its stake in Juniper Networks by 84.9% during the fourth quarter. Two Sigma Advisers LP now owns 3,581,931 shares of the network equipment provider’s stock worth $102,085,000 after purchasing an additional 1,644,295 shares during the last quarter. Stone Ridge Asset Management LLC bought a new stake in Juniper Networks during the fourth quarter worth $2,611,000. Finally, Franklin Resources Inc. lifted its stake in Juniper Networks by 182.1% during the fourth quarter. Franklin Resources Inc. now owns 22,034 shares of the network equipment provider’s stock worth $628,000 after purchasing an additional 14,223 shares during the last quarter. Hedge funds and other institutional investors own 95.45% of the company’s stock.
In related news, CEO Rami Rahim sold 10,800 shares of Juniper Networks stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $26.27, for a total value of $283,716.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Terrance F. Spidell sold 8,409 shares of Juniper Networks stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $26.47, for a total transaction of $222,586.23. Following the completion of the transaction, the vice president now owns 3,944 shares of the company’s stock, valued at $104,397.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,813 shares of company stock valued at $1,124,709. 2.60% of the stock is currently owned by company insiders.
Several equities research analysts have weighed in on the company. ValuEngine cut Juniper Networks from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. Zacks Investment Research upgraded Juniper Networks from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 3rd. Piper Jaffray reiterated a “neutral” rating and issued a $27.00 price target on shares of Juniper Networks in a research note on Wednesday, January 10th. Loop Capital dropped their price target on Juniper Networks to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, January 31st. Finally, Robert W. Baird reiterated a “hold” rating and issued a $26.00 price target on shares of Juniper Networks in a research note on Wednesday, January 31st. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $28.61.
Shares of Juniper Networks stock traded down $0.26 during mid-day trading on Friday, hitting $24.09. 3,949,177 shares of the stock were exchanged, compared to its average volume of 4,270,453. Juniper Networks, Inc. has a 12 month low of $23.68 and a 12 month high of $30.96. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.46. The stock has a market cap of $8,281.11, a P/E ratio of 13.92, a P/E/G ratio of 2.81 and a beta of 0.96.
Juniper Networks (NYSE:JNPR) last issued its quarterly earnings results on Tuesday, January 30th. The network equipment provider reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.01. Juniper Networks had a net margin of 6.26% and a return on equity of 13.34%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the business posted $0.66 EPS. Juniper Networks’s quarterly revenue was down 10.5% compared to the same quarter last year. equities analysts anticipate that Juniper Networks, Inc. will post 1.34 EPS for the current year.
Juniper Networks declared that its board has authorized a share repurchase plan on Tuesday, January 30th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the network equipment provider to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 22nd. Stockholders of record on Thursday, March 1st were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.72 annualized dividend and a dividend yield of 2.99%. This is a positive change from Juniper Networks’s previous quarterly dividend of $0.10. Juniper Networks’s dividend payout ratio (DPR) is presently 41.62%.
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Juniper Networks Company 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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