Juniper Networks, Inc. (NYSE:JNPR) Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lowered its stake in Juniper Networks, Inc. (NYSE:JNPR) by 5.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,266 shares of the network equipment provider’s stock after selling 8,728 shares during the period. Royal London Asset Management Ltd.’s holdings in Juniper Networks were worth $3,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of JNPR. First Trust Advisors LP raised its position in shares of Juniper Networks by 15.9% during the 1st quarter. First Trust Advisors LP now owns 10,827,955 shares of the network equipment provider’s stock worth $286,616,000 after acquiring an additional 1,483,427 shares in the last quarter. Janus Henderson Group PLC increased its stake in Juniper Networks by 51.6% in the first quarter. Janus Henderson Group PLC now owns 2,591,121 shares of the network equipment provider’s stock valued at $68,587,000 after purchasing an additional 882,410 shares during the last quarter. FIL Ltd increased its stake in Juniper Networks by 11.9% in the first quarter. FIL Ltd now owns 6,369,659 shares of the network equipment provider’s stock valued at $168,604,000 after purchasing an additional 678,228 shares during the last quarter. Bessemer Group Inc. increased its stake in Juniper Networks by 2,689.4% in the second quarter. Bessemer Group Inc. now owns 661,861 shares of the network equipment provider’s stock valued at $17,625,000 after purchasing an additional 638,133 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its stake in Juniper Networks by 108.0% in the first quarter. Teacher Retirement System of Texas now owns 1,065,099 shares of the network equipment provider’s stock valued at $28,193,000 after purchasing an additional 553,010 shares during the last quarter. 90.19% of the stock is currently owned by institutional investors.

In other news, CFO Kenneth Bradley Miller sold 7,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $27.02, for a total value of $189,140.00. Following the completion of the sale, the chief financial officer now owns 77,333 shares of the company’s stock, valued at $2,089,537.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Rahul N. Merchant sold 2,500 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $27.06, for a total value of $67,650.00. Following the completion of the sale, the director now directly owns 37,370 shares of the company’s stock, valued at approximately $1,011,232.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,500 shares of company stock valued at $497,990. 1.10% of the stock is owned by company insiders.

JNPR stock opened at $23.45 on Friday. The stock has a 50-day moving average price of $26.44 and a two-hundred day moving average price of $26.59. Juniper Networks, Inc. has a 12-month low of $23.34 and a 12-month high of $30.80. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.32. The company has a market cap of $8.80 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 3.26 and a beta of 0.92.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results on Thursday, July 25th. The network equipment provider reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.06). Juniper Networks had a net margin of 11.05% and a return on equity of 10.00%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the firm posted $0.48 EPS. Juniper Networks’s revenue was down 8.4% on a year-over-year basis. Equities analysts forecast that Juniper Networks, Inc. will post 1.26 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Tuesday, September 3rd. Juniper Networks’s dividend payout ratio (DPR) is presently 55.88%.

Several equities analysts recently commented on the company. Barclays assumed coverage on Juniper Networks in a research note on Wednesday, August 7th. They issued an “equal weight” rating and a $27.00 target price for the company. Rosenblatt Securities upgraded Juniper Networks from a “sell” rating to a “neutral” rating and upped their target price for the company from $24.00 to $27.00 in a research note on Wednesday, June 12th. TheStreet lowered Juniper Networks from a “b” rating to a “c+” rating in a research note on Thursday, April 25th. Citigroup lowered Juniper Networks from a “neutral” rating to a “sell” rating and dropped their target price for the company from $28.00 to $24.00 in a research note on Monday, July 8th. Finally, Raymond James set a $30.00 target price on Juniper Networks and gave the company a “buy” rating in a research note on Friday, July 26th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $27.57.

About Juniper Networks

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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Institutional Ownership by Quarter for Juniper Networks (NYSE:JNPR)

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