State of Alaska Department of Revenue reduced its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 7.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 101,660 shares of the network equipment provider’s stock after selling 8,229 shares during the quarter. State of Alaska Department of Revenue’s holdings in Juniper Networks were worth $2,706,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC acquired a new position in Juniper Networks in the 4th quarter valued at about $215,000. Geode Capital Management LLC increased its position in Juniper Networks by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 6,026,296 shares of the network equipment provider’s stock valued at $161,957,000 after acquiring an additional 444,273 shares during the period. MML Investors Services LLC increased its position in Juniper Networks by 11.8% during the 4th quarter. MML Investors Services LLC now owns 8,761 shares of the network equipment provider’s stock worth $236,000 after purchasing an additional 924 shares during the period. Macquarie Group Ltd. increased its position in Juniper Networks by 17.8% during the 4th quarter. Macquarie Group Ltd. now owns 115,400 shares of the network equipment provider’s stock worth $3,105,000 after purchasing an additional 17,400 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position in Juniper Networks by 19.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 150,931 shares of the network equipment provider’s stock worth $4,062,000 after purchasing an additional 24,829 shares during the period. 90.93% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CFO Kenneth Bradley Miller sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $27.02, for a total transaction of $189,140.00. Following the sale, the chief financial officer now owns 77,333 shares of the company’s stock, valued at approximately $2,089,537.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William Stensrud sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $26.01, for a total value of $910,350.00. Following the completion of the sale, the director now directly owns 5,531 shares in the company, valued at approximately $143,861.31. The disclosure for this sale can be found here. Insiders have sold a total of 53,500 shares of company stock worth $1,408,340 in the last three months. Corporate insiders own 1.10% of the company’s stock.
Shares of NYSE:JNPR traded down $0.63 during trading on Friday, hitting $25.95. 2,983,910 shares of the stock were exchanged, compared to its average volume of 3,029,382. The company has a fifty day simple moving average of $26.84. The company has a market capitalization of $9.42 billion, a P/E ratio of 19.08, a PEG ratio of 3.45 and a beta of 0.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.89 and a current ratio of 2.13. Juniper Networks, Inc. has a 12-month low of $24.51 and a 12-month high of $30.80.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings results on Thursday, July 25th. The network equipment provider reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.06). The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Juniper Networks had a return on equity of 10.00% and a net margin of 11.05%. Juniper Networks’s revenue was down 8.4% compared to the same quarter last year. During the same period last year, the firm earned $0.48 EPS. As a group, research analysts predict that Juniper Networks, Inc. will post 1.26 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Tuesday, September 3rd. Juniper Networks’s dividend payout ratio (DPR) is 55.88%.
Several equities analysts have issued reports on JNPR shares. Rosenblatt Securities upgraded Juniper Networks from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $24.00 to $27.00 in a research report on Wednesday, June 12th. TheStreet cut Juniper Networks from a “b” rating to a “c+” rating in a research report on Thursday, April 25th. Raymond James set a $30.00 target price on Juniper Networks and gave the stock a “buy” rating in a research report on Friday, July 26th. Citigroup cut Juniper Networks from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $28.00 to $24.00 in a research report on Monday, July 8th. Finally, Zacks Investment Research upgraded Juniper Networks from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Monday, April 8th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.62.
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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