Point72 Asset Management L.P. Acquires New Stake in Juniper Networks, Inc. (JNPR)

Point72 Asset Management L.P. acquired a new position in Juniper Networks, Inc. (NYSE:JNPR) in the first quarter, HoldingsChannel reports. The fund acquired 19,700 shares of the network equipment provider’s stock, valued at approximately $479,000.

Other institutional investors have also recently modified their holdings of the company. MML Investors Services LLC purchased a new stake in shares of Juniper Networks during the fourth quarter worth about $506,000. American International Group Inc. increased its stake in shares of Juniper Networks by 12.3% during the fourth quarter. American International Group Inc. now owns 136,439 shares of the network equipment provider’s stock worth $3,889,000 after purchasing an additional 14,964 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Juniper Networks by 7.4% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 158,105 shares of the network equipment provider’s stock worth $4,506,000 after purchasing an additional 10,854 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of 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 in the last quarter. Finally, Investors Research Corp purchased a new stake in shares of Juniper Networks during the fourth quarter worth about $445,000. Institutional investors and hedge funds own 91.55% of the company’s stock.

In other news, EVP Vincent Molinaro sold 6,243 shares of the stock in a transaction that occurred on Monday, May 21st. The shares were sold at an average price of $27.00, for a total value of $168,561.00. Following the completion of the sale, the executive vice president now owns 28,417 shares of the company’s stock, valued at approximately $767,259. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Terrance F. Spidell sold 2,590 shares of the stock in a transaction that occurred on Tuesday, May 8th. The shares were sold at an average price of $25.88, for a total transaction of $67,029.20. The disclosure for this sale can be found here. In the last three months, insiders sold 29,333 shares of company stock valued at $769,483. Corporate insiders own 1.40% of the company’s stock.

Juniper Networks opened at $26.57 on Wednesday, MarketBeat Ratings reports. Juniper Networks, Inc. has a 1-year low of $23.61 and a 1-year high of $30.29. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.14 and a quick ratio of 2.14. The company has a market capitalization of $9.19 billion, a PE ratio of 15.36, a PEG ratio of 3.95 and a beta of 0.99.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results on Tuesday, May 1st. The network equipment provider reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.02. Juniper Networks had a net margin of 4.92% and a return on equity of 11.85%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the company posted $0.46 EPS. The business’s revenue for the quarter was down 11.3% on a year-over-year basis. equities analysts forecast that Juniper Networks, Inc. will post 1.17 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 22nd. Stockholders of record on Friday, June 1st were paid a $0.18 dividend. The ex-dividend date was Thursday, May 31st. This represents a $0.72 annualized dividend and a dividend yield of 2.71%. Juniper Networks’s dividend payout ratio (DPR) is 41.62%.

JNPR has been the subject of a number of research reports. Goldman Sachs Group cut shares of Juniper Networks from a “neutral” rating to a “sell” rating and cut their target price for the stock from $26.00 to $21.00 in a research note on Wednesday, April 18th. Zacks Investment Research raised shares of Juniper Networks from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 3rd. Deutsche Bank raised shares of Juniper Networks from a “sell” rating to a “hold” rating and boosted their target price for the stock from $20.00 to $23.00 in a research note on Wednesday, May 2nd. Standpoint Research raised shares of Juniper Networks from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. Finally, Bank of America raised shares of Juniper Networks from a “neutral” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Wednesday, May 2nd. Seven investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $27.89.

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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Institutional Ownership by Quarter for Juniper Networks (NYSE:JNPR)

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