Boston Family Office LLC continued to hold its position in Juniper Networks, Inc. (NYSE:JNPR) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,000 shares of the network equipment provider’s stock at the end of the first quarter. Boston Family Office LLC’s holdings in Juniper Networks were worth $306,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Capital Guardian Trust Co. raised its stake in Juniper Networks by 2.2% in the fourth quarter. Capital Guardian Trust Co. now owns 3,645 shares of the network equipment provider’s stock worth $103,000 after buying an additional 77 shares during the last quarter. Leisure Capital Management raised its stake in Juniper Networks by 0.5% in the third quarter. Leisure Capital Management now owns 24,828 shares of the network equipment provider’s stock worth $597,000 after buying an additional 121 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in Juniper Networks by 3.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 9,129 shares of the network equipment provider’s stock worth $238,000 after buying an additional 272 shares during the last quarter. SRB Corp raised its stake in Juniper Networks by 6.7% in the third quarter. SRB Corp now owns 6,681 shares of the network equipment provider’s stock worth $161,000 after buying an additional 419 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. raised its stake in Juniper Networks by 0.4% in the first quarter. Farmers & Merchants Investments Inc. now owns 114,837 shares of the network equipment provider’s stock worth $3,196,000 after buying an additional 444 shares during the last quarter. 89.48% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Juniper Networks, Inc. (NYSE JNPR) traded down 0.66% during mid-day trading on Friday, hitting $28.67. 4,716,809 shares of the stock traded hands. Juniper Networks, Inc. has a 1-year low of $21.18 and a 1-year high of $30.96. The company has a market capitalization of $10.95 billion, a PE ratio of 18.13 and a beta of 1.01. The company’s 50-day moving average price is $29.83 and its 200 day moving average price is $28.42.
Juniper Networks (NYSE:JNPR) last issued its quarterly earnings results on Tuesday, April 25th. The network equipment provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.03. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. Juniper Networks had a return on equity of 13.59% and a net margin of 12.10%. The company’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the company earned $0.37 earnings per share. Equities research analysts forecast that Juniper Networks, Inc. will post $2.23 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 22nd. Stockholders of record on Thursday, June 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Tuesday, May 30th. Juniper Networks’s payout ratio is 25.00%.
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A number of research firms have weighed in on JNPR. Pacific Crest started coverage on shares of Juniper Networks in a report on Monday, June 5th. They set a “sector weight” rating and a $31.00 target price on the stock. Robert W. Baird reaffirmed a “neutral” rating and issued a $30.00 price objective (up from $27.00) on shares of Juniper Networks in a research note on Saturday, April 29th. ValuEngine raised shares of Juniper Networks from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Barclays PLC reaffirmed an “equal weight” rating on shares of Juniper Networks in a research note on Saturday, April 22nd. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $27.00 price objective on shares of Juniper Networks in a research note on Tuesday, April 18th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Juniper Networks presently has an average rating of “Hold” and an average target price of $30.06.
In related news, CEO Rami Rahim sold 10,700 shares of Juniper Networks stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $30.64, for a total transaction of $327,848.00. Following the completion of the transaction, the chief executive officer now directly owns 469,607 shares in the company, valued at $14,388,758.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Pradeep Sindhu sold 76,900 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $30.53, for a total value of $2,347,757.00. Following the completion of the sale, the director now directly owns 40,773 shares in the company, valued at $1,244,799.69. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 188,892 shares of company stock valued at $5,728,423. Company insiders own 3.40% of the company’s stock.
About Juniper Networks
Juniper Networks, Inc designs, develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa, and Asia Pacific.
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