Meadow Creek Investment Management LLC decreased its position in Juniper Networks, Inc. (NYSE:JNPR) by 10.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. 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 filing with the SEC.
A number of other large investors have also recently bought and sold shares of the business. Elkfork Partners LLC purchased a new stake in Juniper Networks in the 4th quarter valued at about $5,452,000. Teachers Advisors LLC increased its stake in Juniper Networks by 9.8% in the 4th quarter. Teachers Advisors LLC now owns 2,979,326 shares of the network equipment provider’s stock valued at $84,911,000 after buying an additional 266,089 shares during the last quarter. California State Teachers Retirement System increased its stake in Juniper Networks by 7.5% in the 4th quarter. California State Teachers Retirement System now owns 712,663 shares of the network equipment provider’s stock valued at $20,311,000 after buying an additional 49,575 shares during the last quarter. Two Sigma Investments LP increased its stake in Juniper Networks by 210.0% in the 4th quarter. Two Sigma Investments LP now owns 1,271,697 shares of the network equipment provider’s stock valued at $36,243,000 after buying an additional 861,500 shares during the last quarter. Finally, Two Sigma Advisers LP increased its stake in Juniper Networks by 84.9% in the 4th quarter. Two Sigma Advisers LP now owns 3,581,931 shares of the network equipment provider’s stock valued at $102,085,000 after buying an additional 1,644,295 shares during the last quarter. Hedge funds and other institutional investors own 95.45% of the company’s stock.
NYSE:JNPR traded down $0.26 during trading hours on Friday, hitting $24.09. The stock had a trading volume of 3,949,177 shares, compared to its average volume of 4,270,453. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.41 and a quick ratio of 2.41. Juniper Networks, Inc. has a one year low of $23.68 and a one year high of $30.96. The company has a market cap of $8,281.11, a price-to-earnings ratio of 13.92, a PEG ratio of 2.81 and a beta of 0.96.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings results on Tuesday, January 30th. The network equipment provider reported $0.53 EPS for the quarter, beating 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 firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the firm earned $0.66 EPS. The business’s quarterly revenue was down 10.5% compared to the same quarter last year. equities research analysts expect that Juniper Networks, Inc. will post 1.34 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 22nd. Shareholders of record on Thursday, March 1st were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.99%. This is an increase from Juniper Networks’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Wednesday, February 28th. Juniper Networks’s dividend payout ratio (DPR) is presently 41.62%.
Juniper Networks announced that its board has authorized a stock buyback plan on Tuesday, January 30th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the network equipment provider to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.
Several equities research analysts have recently issued reports on the stock. Piper Jaffray restated a “neutral” rating and set a $27.00 price target on shares of Juniper Networks in a research note on Wednesday, January 10th. Loop Capital decreased their price target on shares of Juniper Networks to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, January 31st. Robert W. Baird restated a “hold” rating and set a $26.00 price target on shares of Juniper Networks in a research note on Wednesday, January 31st. Barclays decreased their price target on shares of Juniper Networks from $25.00 to $23.00 and set an “underweight” rating for the company in a research note on Wednesday, January 31st. Finally, ValuEngine lowered shares of Juniper Networks from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $28.61.
In other news, Director William Stensrud sold 10,000 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $26.17, for a total transaction of $261,700.00. Following the sale, the director now owns 5,531 shares in the company, valued at approximately $144,746.27. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Terrance F. Spidell sold 8,409 shares of the firm’s stock in a transaction 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 sale, the vice president now owns 3,944 shares in the company, valued at approximately $104,397.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,813 shares of company stock valued at $1,124,709. Insiders own 2.60% of the company’s stock.
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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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