O Shaughnessy Asset Management LLC increased its stake in Juniper Networks, Inc. (NYSE:JNPR) by 345.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,515,828 shares of the network equipment provider’s stock after purchasing an additional 1,950,960 shares during the quarter. Juniper Networks makes up approximately 1.5% of O Shaughnessy Asset Management LLC’s investment portfolio, making the stock its 19th biggest position. O Shaughnessy Asset Management LLC’s holdings in Juniper Networks were worth $75,154,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Standard Life Aberdeen plc raised its holdings in Juniper Networks by 1.1% in the 2nd quarter. Standard Life Aberdeen plc now owns 1,053,238 shares of the network equipment provider’s stock worth $28,886,000 after purchasing an additional 11,802 shares during the period. Sei Investments Co. raised its holdings in Juniper Networks by 21.2% in the 2nd quarter. Sei Investments Co. now owns 173,669 shares of the network equipment provider’s stock worth $4,762,000 after purchasing an additional 30,361 shares during the period. South Texas Money Management Ltd. bought a new position in Juniper Networks in the 2nd quarter worth $9,423,000. Raymond James Financial Services Advisors Inc. raised its holdings in Juniper Networks by 43.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 17,126 shares of the network equipment provider’s stock worth $470,000 after purchasing an additional 5,175 shares during the period. Finally, CIBC World Markets Inc. raised its holdings in Juniper Networks by 151.1% in the 2nd quarter. CIBC World Markets Inc. now owns 43,414 shares of the network equipment provider’s stock worth $1,190,000 after purchasing an additional 26,122 shares during the period. 93.27% of the stock is currently owned by institutional investors.
A number of brokerages recently commented on JNPR. Credit Suisse Group set a $21.00 target price on Juniper Networks and gave the stock a “sell” rating in a report on Wednesday, July 18th. Zacks Investment Research lowered Juniper Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, July 17th. BMO Capital Markets lowered Juniper Networks from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $30.00 to $27.00 in a research note on Friday, July 27th. Piper Jaffray Companies set a $29.00 price target on Juniper Networks and gave the stock a “hold” rating in a research note on Wednesday, October 24th. Finally, Deutsche Bank upgraded Juniper Networks from a “hold” rating to a “buy” rating and increased their price target for the stock from $25.00 to $32.00 in a research note on Monday, July 30th. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Juniper Networks has a consensus rating of “Hold” and an average price target of $27.75.
Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data on Tuesday, October 23rd. The network equipment provider reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.10. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. Juniper Networks had a return on equity of 10.42% and a net margin of 4.82%. The business’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 earnings per share. Analysts expect that Juniper Networks, Inc. will post 1.32 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Wednesday, December 5th will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, December 4th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.36%. Juniper Networks’s payout ratio is 41.62%.
In other news, Director William Stensrud sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $28.20, for a total transaction of $564,000.00. Following the completion of the transaction, the director now owns 5,531 shares in the company, valued at $155,974.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Anand Athreya sold 113,039 shares of the firm’s stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $29.70, for a total value of $3,357,258.30. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.
Juniper Networks Company Profile
Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.
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