Meeder Asset Management Inc. raised its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 11.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 120,310 shares of the network equipment provider’s stock after buying an additional 12,779 shares during the quarter. Meeder Asset Management Inc.’s holdings in Juniper Networks were worth $3,606,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. LSV Asset Management lifted its position in shares of Juniper Networks by 47.6% in the second quarter. LSV Asset Management now owns 11,027,697 shares of the network equipment provider’s stock worth $302,379,000 after purchasing an additional 3,556,354 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Juniper Networks by 646.1% in the second quarter. Bank of Montreal Can now owns 1,673,164 shares of the network equipment provider’s stock worth $45,879,000 after purchasing an additional 1,448,922 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Juniper Networks by 739.7% in the second quarter. Toronto Dominion Bank now owns 1,573,913 shares of the network equipment provider’s stock worth $43,147,000 after purchasing an additional 1,386,476 shares in the last quarter. Hexavest Inc. purchased a new stake in shares of Juniper Networks in the third quarter worth approximately $36,861,000. Finally, USS Investment Management Ltd purchased a new stake in shares of Juniper Networks in the second quarter worth approximately $30,664,000. 93.27% of the stock is owned by institutional investors.
JNPR has been the subject of a number of research analyst reports. Nomura raised shares of Juniper Networks from a “neutral” rating to a “buy” rating and increased their price target for the stock from $28.00 to $34.00 in a research report on Wednesday, September 19th. ValuEngine raised shares of Juniper Networks from a “hold” rating to a “buy” rating in a research report on Saturday, September 22nd. UBS Group initiated coverage on shares of Juniper Networks in a research report on Wednesday, September 26th. They issued a “neutral” rating and a $31.00 price target for the company. TheStreet raised shares of Juniper Networks from a “c+” rating to a “b-” rating in a research report on Thursday, September 20th. Finally, JPMorgan Chase & Co. reissued a “sell” rating on shares of Juniper Networks in a research report on Tuesday, September 18th. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $27.75.
In other news, CEO Rami Rahim sold 16,000 shares of the business’s stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $26.64, for a total transaction of $426,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anand Athreya sold 113,039 shares of the business’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $29.70, for a total value of $3,357,258.30. The disclosure for this sale can be found here. Insiders have sold a total of 149,039 shares of company stock valued at $4,347,498 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.
Shares of JNPR stock opened at $29.82 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.47 and a quick ratio of 2.27. The stock has a market capitalization of $10.26 billion, a P/E ratio of 17.24, a PEG ratio of 4.23 and a beta of 0.88. Juniper Networks, Inc. has a 12 month low of $23.61 and a 12 month high of $30.23.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Tuesday, October 23rd. The network equipment provider reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.10. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. Juniper Networks had a return on equity of 10.42% and a net margin of 4.82%. The company’s revenue was down 6.2% on a year-over-year basis. During the same period last year, the company earned $0.55 earnings per share. Equities analysts anticipate that Juniper Networks, Inc. will post 1.32 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Wednesday, December 5th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $0.72 annualized dividend and a dividend yield of 2.41%. Juniper Networks’s payout ratio is currently 41.62%.
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Juniper Networks Company 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.
Further Reading: Float
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