BlackRock Inc. raised its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 2,310.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,175,402 shares of the network equipment provider’s stock after buying an additional 24,130,800 shares during the period. BlackRock Inc. owned 6.61% of Juniper Networks worth $700,629,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of JNPR. Capital Guardian Trust Co. increased 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 in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in Juniper Networks by 173.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,517 shares of the network equipment provider’s stock worth $127,000 after buying an additional 2,868 shares during the last quarter. Acrospire Investment Management LLC raised its position in Juniper Networks by 837.8% in the first quarter. Acrospire Investment Management LLC now owns 4,689 shares of the network equipment provider’s stock worth $130,000 after buying an additional 4,189 shares during the last quarter. Intellectus Partners LLC bought a new position in Juniper Networks during the fourth quarter worth approximately $190,000. Finally, Menta Capital LLC bought a new position in Juniper Networks during the first quarter worth approximately $205,000. 89.49% of the stock is owned by institutional investors.
Shares of Juniper Networks, Inc. (JNPR) traded down 1.44% during mid-day trading on Tuesday, hitting $28.77. The stock had a trading volume of 5,153,956 shares. The company’s 50 day moving average is $29.80 and its 200-day moving average is $28.46. The stock has a market cap of $10.99 billion, a P/E ratio of 18.20 and a beta of 1.01. Juniper Networks, Inc. has a 52-week low of $21.17 and a 52-week high of $30.96.
Juniper Networks (NYSE:JNPR) last posted its earnings results on Tuesday, April 25th. The network equipment provider reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.03. Juniper Networks had a net margin of 8.91% and a return on equity of 8.74%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the firm posted $0.37 EPS. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, equities research analysts anticipate that Juniper Networks, Inc. will post $2.23 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Thursday, June 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.40 annualized dividend and a yield of 1.39%. Juniper Networks’s dividend payout ratio (DPR) is currently 25.00%.
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A number of research firms have recently commented on JNPR. KeyCorp began coverage on Juniper Networks in a report on Monday, June 5th. They issued a “hold” rating and a $31.00 price target for the company. Pacific Crest started coverage on Juniper Networks in a research note on Monday, June 5th. They set a “sector weight” rating and a $31.00 price objective for the company. ValuEngine raised Juniper Networks from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Standpoint Research lowered Juniper Networks from a “buy” rating to a “reduce” rating in a research note on Wednesday, May 3rd. Finally, Robert W. Baird reissued a “neutral” rating and set a $30.00 price objective (up previously from $27.00) on shares of Juniper Networks in a research note on Saturday, April 29th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Juniper Networks presently has a consensus rating of “Hold” and a consensus target price of $30.06.
In other news, VP Terrance F. Spidell sold 10,600 shares of Juniper Networks stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $29.47, for a total transaction of $312,382.00. Following the completion of the sale, the vice president now directly owns 10,600 shares in the company, valued at $312,382. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Pradeep Sindhu sold 76,900 shares of Juniper Networks stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $30.53, for a total transaction of $2,347,757.00. Following the sale, the director now owns 40,773 shares of the company’s stock, valued at $1,244,799.69. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 188,892 shares of company stock valued at $5,728,423. Insiders own 3.40% of the company’s stock.
Juniper Networks Company Profile
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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