Nippon Life Global Investors Americas Inc. raised its stake in Juniper Networks, Inc. (NYSE:JNPR) by 16.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 213,650 shares of the network equipment provider’s stock after purchasing an additional 30,610 shares during the quarter. Nippon Life Global Investors Americas Inc. owned 0.06% of Juniper Networks worth $6,403,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Piedmont Investment Advisors LLC purchased a new stake in shares of Juniper Networks during the second quarter valued at approximately $112,000. Whittier Trust Co. increased its position in shares of Juniper Networks by 794.3% during the second quarter. Whittier Trust Co. now owns 6,600 shares of the network equipment provider’s stock valued at $162,000 after acquiring an additional 5,862 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in shares of Juniper Networks during the second quarter valued at approximately $225,000. Tower Research Capital LLC TRC increased its position in shares of Juniper Networks by 86.0% during the second quarter. Tower Research Capital LLC TRC now owns 9,486 shares of the network equipment provider’s stock valued at $260,000 after acquiring an additional 4,386 shares during the last quarter. Finally, FNY Investment Advisers LLC increased its position in shares of Juniper Networks by 18,418.5% during the third quarter. FNY Investment Advisers LLC now owns 10,000 shares of the network equipment provider’s stock valued at $298,000 after acquiring an additional 9,946 shares during the last quarter. 93.12% of the stock is owned by hedge funds and other institutional investors.
In other news, Director William Stensrud sold 20,000 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $28.20, for a total value of $564,000.00. Following the completion of the transaction, the director now directly owns 5,531 shares of the company’s stock, valued at $155,974.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rami Rahim sold 5,300 shares of the firm’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $26.40, for a total value of $139,920.00. The disclosure for this sale can be found here. Insiders sold 41,300 shares of company stock valued at $1,130,160 over the last ninety days. Corporate insiders own 2.60% of the company’s stock.
Shares of NYSE JNPR opened at $29.64 on Friday. Juniper Networks, Inc. has a 1-year low of $23.61 and a 1-year high of $30.23. The firm has a market cap of $9.92 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 4.09 and a beta of 0.86. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.47 and a quick ratio of 2.27.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Tuesday, October 23rd. The network equipment provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.10. Juniper Networks had a return on equity of 10.42% and a net margin of 4.82%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the company earned $0.55 earnings per share. Juniper Networks’s revenue was down 6.2% compared to the same quarter last year. Analysts anticipate that Juniper Networks, Inc. will post 1.32 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Shareholders of record on Wednesday, December 5th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Tuesday, December 4th. Juniper Networks’s dividend payout ratio (DPR) is 41.62%.
JNPR has been the subject of a number of research analyst reports. OTR Global raised Juniper Networks to a “neutral” rating in a research report on Wednesday, July 11th. Zacks Investment Research downgraded Juniper Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, July 17th. Credit Suisse Group set a $21.00 price target on Juniper Networks and gave the company a “sell” rating in a research report on Wednesday, July 18th. BMO Capital Markets downgraded Juniper Networks from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $30.00 to $27.00 in a research report on Friday, July 27th. Finally, Piper Jaffray Companies increased their price target on Juniper Networks from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, July 27th. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $27.75.
About Juniper Networks
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.
Featured Article: Google Finance
Receive News & Ratings for Juniper Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Juniper Networks and related companies with MarketBeat.com's FREE daily email newsletter.