Federated Investors Inc. PA reduced its stake in Juniper Networks, Inc. (NYSE:JNPR) by 4.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 778,053 shares of the network equipment provider’s stock after selling 39,431 shares during the period. Federated Investors Inc. PA’s holdings in Juniper Networks were worth $18,930,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Cerebellum GP LLC bought a new position in Juniper Networks during the fourth quarter worth about $128,000. Exane Derivatives lifted its holdings in Juniper Networks by 278.1% during the fourth quarter. Exane Derivatives now owns 5,633 shares of the network equipment provider’s stock worth $161,000 after acquiring an additional 4,143 shares in the last quarter. Balter Liquid Alternatives LLC bought a new position in Juniper Networks during the fourth quarter worth about $163,000. Wetherby Asset Management Inc. bought a new position in Juniper Networks during the fourth quarter worth about $209,000. Finally, Fox Run Management L.L.C. bought a new position in Juniper Networks during the fourth quarter worth about $220,000. Institutional investors and hedge funds own 91.23% of the company’s stock.
In related news, EVP Vincent Molinaro sold 6,243 shares of Juniper Networks stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $27.00, for a total transaction of $168,561.00. Following the completion of the transaction, the executive vice president now owns 28,417 shares in the company, valued at $767,259. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William Stensrud sold 10,000 shares of Juniper Networks stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $26.17, for a total value of $261,700.00. Following the transaction, the director now owns 5,531 shares of the company’s stock, valued at approximately $144,746.27. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,433 shares of company stock worth $1,453,971. 2.60% of the stock is owned by company insiders.
NYSE:JNPR opened at $27.23 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.14 and a current ratio of 2.14. The stock has a market capitalization of $9.50 billion, a P/E ratio of 15.74, a P/E/G ratio of 4.08 and a beta of 0.98. Juniper Networks, Inc. has a 52-week low of $23.61 and a 52-week high of $30.44.
Juniper Networks (NYSE:JNPR) last released its earnings results on Tuesday, May 1st. The network equipment provider reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.05 billion. Juniper Networks had a return on equity of 11.85% and a net margin of 4.92%. Juniper Networks’s quarterly revenue was down 11.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 earnings per share. analysts anticipate that Juniper Networks, Inc. will post 1.17 earnings per share for the current year.
Juniper Networks declared that its board has approved a share repurchase program on Tuesday, January 30th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the network equipment provider to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 22nd. Investors of record on Friday, June 1st will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Thursday, May 31st. Juniper Networks’s dividend payout ratio is currently 41.62%.
JNPR has been the topic of several recent analyst reports. Goldman Sachs Group lowered Juniper Networks from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $26.00 to $21.00 in a report on Wednesday, April 18th. Zacks Investment Research upgraded Juniper Networks from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 3rd. TheStreet lowered Juniper Networks from a “b” rating to a “c+” rating in a report on Thursday, February 8th. Deutsche Bank upgraded Juniper Networks from a “sell” rating to a “hold” rating and lifted their target price for the stock from $20.00 to $23.00 in a report on Wednesday, May 2nd. Finally, Standpoint Research upgraded Juniper Networks from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. Five research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.12.
Juniper Networks Profile
Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.
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