Virtu Financial LLC decreased its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 50.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,584 shares of the network equipment provider’s stock after selling 11,590 shares during the period. Virtu Financial LLC’s holdings in Juniper Networks were worth $330,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Janus Henderson Group PLC raised its holdings in Juniper Networks by 33.6% in the 3rd quarter. Janus Henderson Group PLC now owns 96,800 shares of the network equipment provider’s stock valued at $2,694,000 after acquiring an additional 24,348 shares during the last quarter. Prudential Financial Inc. raised its holdings in Juniper Networks by 17.5% in the 3rd quarter. Prudential Financial Inc. now owns 3,965,653 shares of the network equipment provider’s stock valued at $110,364,000 after acquiring an additional 591,348 shares during the last quarter. Ifrah Financial Services Inc. acquired a new stake in Juniper Networks in the 3rd quarter valued at about $541,000. Tredje AP fonden raised its holdings in Juniper Networks by 7.1% in the 3rd quarter. Tredje AP fonden now owns 58,116 shares of the network equipment provider’s stock valued at $1,617,000 after acquiring an additional 3,870 shares during the last quarter. Finally, Toronto Dominion Bank raised its holdings in Juniper Networks by 11.5% in the 3rd quarter. Toronto Dominion Bank now owns 144,335 shares of the network equipment provider’s stock valued at $4,016,000 after acquiring an additional 14,897 shares during the last quarter. Institutional investors own 95.58% of the company’s stock.
Juniper Networks, Inc. (NYSE:JNPR) opened at $26.44 on Tuesday. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.46. The firm has a market cap of $9,085.49, a P/E ratio of 32.62, a P/E/G ratio of 3.07 and a beta of 0.87. Juniper Networks, Inc. has a 1 year low of $23.87 and a 1 year high of $30.96.
Juniper Networks declared that its Board of Directors has approved a stock buyback plan on Tuesday, January 30th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the network equipment provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 1st will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend is Wednesday, February 28th. This is a boost from Juniper Networks’s previous quarterly dividend of $0.10. Juniper Networks’s dividend payout ratio (DPR) is currently 88.89%.
In other Juniper Networks news, Director William Stensrud sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $26.17, for a total value of $261,700.00. Following the completion of the transaction, the director now owns 5,531 shares of the company’s stock, valued at approximately $144,746.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Terrance F. Spidell sold 8,409 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $26.47, for a total transaction of $222,586.23. Following the completion of the transaction, the vice president now directly owns 3,944 shares of the company’s stock, valued at approximately $104,397.68. The disclosure for this sale can be found here. Insiders sold a total of 42,813 shares of company stock valued at $1,124,709 in the last three months. 2.60% of the stock is currently owned by corporate insiders.
JNPR has been the subject of several analyst reports. Raymond James Financial set a $31.00 price target on shares of Juniper Networks and gave the company a “buy” rating in a research note on Thursday, December 7th. Nomura dropped their price target on shares of Juniper Networks from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, January 31st. Goldman Sachs Group initiated coverage on shares of Juniper Networks in a research note on Wednesday, February 7th. They issued a “neutral” rating and a $26.00 price target for the company. MKM Partners increased their price target on shares of Juniper Networks to $31.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. Finally, TheStreet cut shares of Juniper Networks from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have issued a buy rating to the company. Juniper Networks has an average rating of “Hold” and a consensus target price of $28.61.
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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