Boston Family Office LLC boosted its position in Juniper Networks, Inc. (NYSE:JNPR) by 25.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,800 shares of the network equipment provider’s stock after buying an additional 2,800 shares during the period. Boston Family Office LLC’s holdings in Juniper Networks were worth $385,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. BlackRock Inc. increased its stake in Juniper Networks by 2,310.0% in the first quarter. BlackRock Inc. now owns 25,175,402 shares of the network equipment provider’s stock worth $700,629,000 after buying an additional 24,130,800 shares in the last quarter. Diamond Hill Capital Management Inc. increased its stake in Juniper Networks by 40.0% in the second quarter. Diamond Hill Capital Management Inc. now owns 11,378,124 shares of the network equipment provider’s stock worth $317,222,000 after buying an additional 3,248,819 shares in the last quarter. Morgan Stanley increased its stake in Juniper Networks by 119.2% in the first quarter. Morgan Stanley now owns 2,550,103 shares of the network equipment provider’s stock worth $70,970,000 after buying an additional 1,386,626 shares in the last quarter. First Trust Advisors LP increased its stake in Juniper Networks by 22.4% in the second quarter. First Trust Advisors LP now owns 7,124,028 shares of the network equipment provider’s stock worth $198,618,000 after buying an additional 1,302,277 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Juniper Networks by 3.6% in the first quarter. Vanguard Group Inc. now owns 36,120,137 shares of the network equipment provider’s stock worth $1,005,224,000 after buying an additional 1,246,424 shares in the last quarter. Institutional investors own 92.77% of the company’s stock.
Shares of Juniper Networks, Inc. (NYSE:JNPR) opened at 27.14 on Tuesday. The stock has a market cap of $10.32 billion, a price-to-earnings ratio of 16.24 and a beta of 1.07. The firm’s 50-day moving average price is $28.35 and its 200-day moving average price is $28.57. Juniper Networks, Inc. has a 12-month low of $22.40 and a 12-month high of $30.96.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Juniper Networks had a net margin of 12.66% and a return on equity of 14.13%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS. On average, analysts forecast that Juniper Networks, Inc. will post $2.24 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.47%. Juniper Networks’s dividend payout ratio is currently 23.39%.
Several equities research analysts have weighed in on the company. TheStreet cut Juniper Networks from a “b” rating to a “c+” rating in a research note on Thursday, June 29th. Standpoint Research cut Juniper Networks from a “buy” rating to a “reduce” rating in a research note on Wednesday, May 3rd. Zacks Investment Research cut Juniper Networks from a “hold” rating to a “sell” rating in a research note on Friday, April 28th. Drexel Hamilton reissued a “buy” rating and set a $37.00 price objective on shares of Juniper Networks in a research note on Thursday, July 20th. Finally, Cowen and Company boosted their price objective on Juniper Networks from $30.00 to $32.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 26th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Juniper Networks presently has an average rating of “Hold” and a consensus target price of $30.94.
In other news, VP Terrance F. Spidell sold 10,600 shares of Juniper Networks stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $29.47, for a total value of $312,382.00. Following the transaction, the vice president now directly owns 10,600 shares of the company’s stock, valued at $312,382. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Vincent Molinaro sold 5,031 shares of Juniper Networks stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $30.00, for a total transaction of $150,930.00. The disclosure for this sale can be found here. Insiders sold a total of 18,944 shares of company stock worth $555,049 in the last ninety days. Corporate 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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