Chicago Equity Partners LLC trimmed its stake in Juniper Networks, Inc. (NYSE:JNPR) by 26.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 245,950 shares of the network equipment provider’s stock after selling 89,390 shares during the period. Chicago Equity Partners LLC owned approximately 0.06% of Juniper Networks worth $6,845,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of JNPR. Creative Planning boosted its stake in Juniper Networks by 0.4% in the second quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock worth $131,000 after buying an additional 21 shares in the last quarter. Acrospire Investment Management LLC boosted its stake in shares of Juniper Networks by 4.3% during the second quarter. Acrospire Investment Management LLC now owns 4,890 shares of the network equipment provider’s stock valued at $136,000 after purchasing an additional 201 shares during the period. Petrus Trust Company LTA purchased a new stake in shares of Juniper Networks during the second quarter valued at approximately $204,000. River Wealth Advisors LLC purchased a new stake in shares of Juniper Networks during the second quarter valued at approximately $206,000. Finally, Synovus Financial Corp boosted its stake in shares of Juniper Networks by 1.9% during the second quarter. Synovus Financial Corp now owns 7,462 shares of the network equipment provider’s stock valued at $208,000 after purchasing an additional 139 shares during the period. 90.96% of the stock is owned by institutional investors and hedge funds.
Juniper Networks, Inc. (NYSE:JNPR) opened at $24.50 on Wednesday. The company has a quick ratio of 2.48, a current ratio of 2.72 and a debt-to-equity ratio of 0.41. Juniper Networks, Inc. has a twelve month low of $23.87 and a twelve month high of $30.96. The company has a market capitalization of $9,453.07, a P/E ratio of 13.59, a P/E/G ratio of 1.97 and a beta of 1.05.
Juniper Networks (NYSE:JNPR) last released its earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.03). The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. Juniper Networks had a net margin of 12.77% and a return on equity of 13.80%. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 EPS. analysts anticipate that Juniper Networks, Inc. will post 1.7 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Thursday, November 30th. Juniper Networks’s dividend payout ratio is currently 23.26%.
A number of analysts have recently weighed in on the company. UBS AG reissued a “neutral” rating and set a $30.00 price objective (up previously from $28.00) on shares of Juniper Networks in a research note on Wednesday, July 26th. Robert W. Baird set a $30.00 price target on Juniper Networks and gave the stock a “hold” rating in a research note on Wednesday, July 26th. Drexel Hamilton reaffirmed a “buy” rating and issued a $37.00 price target on shares of Juniper Networks in a research note on Thursday, July 20th. Raymond James Financial, Inc. raised Juniper Networks from a “market perform” rating to an “outperform” rating and set a $34.00 price target for the company in a research note on Friday, July 21st. Finally, BidaskClub raised Juniper Networks from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $29.61.
In other news, CEO Rami Rahim sold 5,300 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $27.47, for a total transaction of $145,591.00. Following the transaction, the chief executive officer now owns 469,607 shares of the company’s stock, valued at approximately $12,900,104.29. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 26,700 shares of company stock worth $732,107. Corporate insiders own 2.60% of the company’s stock.
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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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