BB&T Corp raised its position in Juniper Networks, Inc. (NYSE:JNPR) by 25.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 189,411 shares of the network equipment provider’s stock after buying an additional 38,151 shares during the period. BB&T Corp’s holdings in Juniper Networks were worth $5,280,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. boosted 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 in the last quarter. Quadrature Capital Ltd acquired a new position in Juniper Networks during the fourth quarter worth $4,725,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Juniper Networks during the fourth quarter worth $12,308,000. UBS Asset Management Americas Inc. boosted its position in Juniper Networks by 6.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,591,628 shares of the network equipment provider’s stock worth $44,980,000 after buying an additional 90,753 shares in the last quarter. Finally, Hudson Bay Capital Management LP acquired a new position in Juniper Networks during the fourth quarter worth $7,300,000. Institutional investors and hedge funds own 89.61% of the company’s stock.
Shares of Juniper Networks, Inc. (NYSE JNPR) traded down 0.48% during midday trading on Monday, hitting $29.29. The stock had a trading volume of 267,494 shares. The stock has a 50 day moving average of $28.85 and a 200-day moving average of $28.52. Juniper Networks, Inc. has a one year low of $22.12 and a one year high of $30.96. The company has a market cap of $11.19 billion, a P/E ratio of 18.53 and a beta of 1.08.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Tuesday, April 25th. The network equipment provider reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.03. Juniper Networks had a return on equity of 13.59% and a net margin of 12.10%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the firm posted $0.37 earnings per share. Juniper Networks’s revenue for the quarter was up 11.2% compared to the same quarter last year. Analysts forecast that Juniper Networks, Inc. will post $2.23 EPS for the current fiscal year.
A number of equities analysts have recently weighed in on JNPR shares. Goldman Sachs Group, Inc. (The) increased their price target on Juniper Networks from $31.00 to $36.00 and gave the stock a “conviction-buy” rating in a report on Monday, March 27th. Berenberg Bank started coverage on Juniper Networks in a report on Tuesday, April 4th. They set a “buy” rating and a $35.00 price target for the company. Instinet reiterated a “buy” rating and set a $33.00 price target on shares of Juniper Networks in a report on Thursday, April 6th. Royal Bank Of Canada reiterated a “hold” rating and set a $27.00 price target on shares of Juniper Networks in a report on Tuesday, April 18th. Finally, Barclays PLC reiterated an “equal weight” rating on shares of Juniper Networks in a report on Saturday, April 22nd. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $30.18.
In other Juniper Networks news, VP Terrance F. Spidell sold 10,600 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $29.47, for a total transaction of $312,382.00. Following the sale, the vice president now owns 10,600 shares in the company, valued at $312,382. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Vincent Molinaro sold 13,792 shares of the company’s stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $28.36, for a total value of $391,141.12. Following the sale, the executive vice president now owns 4,597 shares in the company, valued at approximately $130,370.92. The disclosure for this sale can be found here. Insiders have sold 188,892 shares of company stock worth $5,728,423 in the last 90 days. 3.40% of the stock is currently owned by insiders.
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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