Investors sold shares of Juniper Networks, Inc. (NYSE:JNPR) on strength during trading on Thursday. $12.82 million flowed into the stock on the tick-up and $40.17 million flowed out of the stock on the tick-down, for a money net flow of $27.35 million out of the stock. Of all stocks tracked, Juniper Networks had the 0th highest net out-flow for the day. Juniper Networks traded up $0.23 for the day and closed at $30.67
JNPR has been the subject of several research analyst reports. Nomura raised shares of Juniper Networks from a “neutral” rating to a “buy” rating and increased their target price for the stock from $28.00 to $34.00 in a research note on Wednesday, September 19th. ValuEngine raised shares of Juniper Networks from a “hold” rating to a “buy” rating in a research note on Saturday, September 22nd. UBS Group initiated coverage on shares of Juniper Networks in a research note on Wednesday, September 26th. They set a “neutral” rating and a $31.00 target price for the company. TheStreet raised shares of Juniper Networks from a “c+” rating to a “b-” rating in a research note on Thursday, September 20th. Finally, Rosenblatt Securities reaffirmed a “sell” rating and set a $24.00 target price on shares of Juniper Networks in a research note on Sunday, October 14th. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Juniper Networks has a consensus rating of “Hold” and a consensus target price of $27.75.
The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.27 and a current ratio of 2.47. The company has a market cap of $10.50 billion, a P/E ratio of 16.83, a P/E/G ratio of 4.33 and a beta of 0.88.
Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Tuesday, October 23rd. The network equipment provider reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.10. Juniper Networks had a net margin of 4.82% and a return on equity of 10.42%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the firm posted $0.55 earnings per share. The business’s revenue for the quarter 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 fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Wednesday, December 5th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Tuesday, December 4th. Juniper Networks’s payout ratio is 41.62%.
In related news, Director William Stensrud sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $28.20, for a total value of $564,000.00. Following the sale, the director now owns 5,531 shares of the company’s stock, valued at $155,974.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Rami Rahim sold 5,400 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $30.44, for a total transaction of $164,376.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 153,839 shares of company stock worth $4,551,726. 2.60% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. Canada Pension Plan Investment Board raised its holdings in Juniper Networks by 35.9% in the third quarter. Canada Pension Plan Investment Board now owns 1,637,017 shares of the network equipment provider’s stock valued at $49,061,000 after acquiring an additional 432,200 shares in the last quarter. Dean Capital Investments Management LLC acquired a new stake in Juniper Networks in the third quarter valued at approximately $220,000. DekaBank Deutsche Girozentrale raised its holdings in Juniper Networks by 7.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 48,038 shares of the network equipment provider’s stock valued at $1,417,000 after acquiring an additional 3,432 shares in the last quarter. American International Group Inc. raised its holdings in Juniper Networks by 5.2% in the third quarter. American International Group Inc. now owns 132,956 shares of the network equipment provider’s stock valued at $3,985,000 after acquiring an additional 6,564 shares in the last quarter. Finally, Twin Tree Management LP acquired a new stake in Juniper Networks in the third quarter valued at approximately $438,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.
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About Juniper Networks (NYSE:JNPR)
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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