CIBC World Markets Inc. reduced its position in Juniper Networks, Inc. (NYSE:JNPR) by 66.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,600 shares of the network equipment provider’s stock after selling 28,814 shares during the quarter. CIBC World Markets Inc.’s holdings in Juniper Networks were worth $438,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. American International Group Inc. lifted its position in Juniper Networks by 5.2% during 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 purchasing an additional 6,564 shares during the last quarter. Twin Tree Management LP bought a new stake in Juniper Networks during the third quarter valued at approximately $438,000. PNC Financial Services Group Inc. lifted its position in Juniper Networks by 4.4% during the third quarter. PNC Financial Services Group Inc. now owns 40,820 shares of the network equipment provider’s stock valued at $1,223,000 after purchasing an additional 1,715 shares during the last quarter. Janus Henderson Group PLC lifted its position in Juniper Networks by 15.6% during the third quarter. Janus Henderson Group PLC now owns 110,903 shares of the network equipment provider’s stock valued at $3,322,000 after purchasing an additional 14,982 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in Juniper Networks by 8.2% during the third quarter. Alliancebernstein L.P. now owns 6,319,740 shares of the network equipment provider’s stock valued at $189,403,000 after purchasing an additional 480,316 shares during the last quarter. Institutional investors own 91.80% of the company’s stock.
JNPR stock opened at $27.66 on Friday. The company has a market cap of $9.80 billion, a price-to-earnings ratio of 15.99, a price-to-earnings-growth ratio of 3.89 and a beta of 0.84. Juniper Networks, Inc. has a one year low of $23.61 and a one year high of $30.80. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.38.
Juniper Networks (NYSE:JNPR) last issued its earnings results on Tuesday, October 23rd. The network equipment provider reported $0.54 EPS for the quarter, topping the 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 company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the firm earned $0.55 earnings per share. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, analysts anticipate that Juniper Networks, Inc. will post 1.32 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 26th. Investors 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 2.60%. The ex-dividend date of this dividend is Tuesday, December 4th. Juniper Networks’s payout ratio is 41.62%.
In related news, Director William Stensrud sold 10,000 shares of Juniper Networks stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $30.42, for a total value of $304,200.00. Following the transaction, the director now directly owns 5,531 shares of the company’s stock, valued at $168,253.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Anand Athreya sold 113,039 shares of Juniper Networks stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $29.70, for a total transaction of $3,357,258.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 133,839 shares of company stock worth $3,987,726. 2.60% of the stock is owned by insiders.
JNPR has been the topic of several research reports. TheStreet raised shares of Juniper Networks from a “c+” rating to a “b-” rating in a research note on Thursday, September 20th. Zacks Investment Research raised shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Wednesday, September 26th. ValuEngine raised shares of Juniper Networks from a “hold” rating to a “buy” rating in a research note on Saturday, September 22nd. Nomura raised shares of Juniper Networks from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $28.00 to $34.00 in a research note on Wednesday, September 19th. Finally, Oppenheimer set a $33.00 price target on shares of Juniper Networks and gave the stock a “buy” rating in a research note on Tuesday, October 23rd. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Juniper Networks has a consensus rating of “Hold” and an average target price of $27.95.
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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.
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