Juniper Networks, Inc. (NYSE:JNPR) Shares Sold by Lbp Am Sa

Lbp Am Sa lowered its stake in Juniper Networks, Inc. (NYSE:JNPR) by 72.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 23,868 shares of the network equipment provider’s stock after selling 61,916 shares during the quarter. Lbp Am Sa’s holdings in Juniper Networks were worth $885,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Hartford Financial Management Inc. lifted its holdings in Juniper Networks by 51.3% in the 4th quarter. Hartford Financial Management Inc. now owns 973 shares of the network equipment provider’s stock valued at $29,000 after acquiring an additional 330 shares during the last quarter. Blue Trust Inc. lifted its stake in Juniper Networks by 34.4% during the fourth quarter. Blue Trust Inc. now owns 1,439 shares of the network equipment provider’s stock valued at $40,000 after buying an additional 368 shares in the last quarter. Hohimer Wealth Management LLC lifted its stake in Juniper Networks by 3.0% during the fourth quarter. Hohimer Wealth Management LLC now owns 12,576 shares of the network equipment provider’s stock valued at $371,000 after buying an additional 370 shares in the last quarter. IFM Investors Pty Ltd lifted its stake in Juniper Networks by 0.5% during the first quarter. IFM Investors Pty Ltd now owns 73,686 shares of the network equipment provider’s stock valued at $2,731,000 after buying an additional 397 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its stake in Juniper Networks by 1.7% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 27,413 shares of the network equipment provider’s stock valued at $808,000 after buying an additional 456 shares in the last quarter. 91.95% of the stock is owned by institutional investors and hedge funds.

Juniper Networks Stock Performance

JNPR stock traded up $0.15 during midday trading on Friday, hitting $38.01. The stock had a trading volume of 2,134,620 shares, compared to its average volume of 3,700,276. The firm has a market capitalization of $12.51 billion, a price-to-earnings ratio of 55.06, a P/E/G ratio of 10.53 and a beta of 0.95. Juniper Networks, Inc. has a 52 week low of $24.87 and a 52 week high of $38.06. The stock has a 50-day simple moving average of $36.24 and a 200 day simple moving average of $36.38. The company has a current ratio of 1.69, a quick ratio of 1.23 and a debt-to-equity ratio of 0.36.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings data on Thursday, July 25th. The network equipment provider reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.13). Juniper Networks had a return on equity of 8.02% and a net margin of 4.58%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the company earned $0.42 earnings per share. The business’s revenue was down 16.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Juniper Networks, Inc. will post 1 earnings per share for the current year.

Juniper Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 2nd will be paid a dividend of $0.22 per share. The ex-dividend date is Friday, August 30th. This represents a $0.88 annualized dividend and a yield of 2.32%. Juniper Networks’s dividend payout ratio is currently 127.54%.

Insiders Place Their Bets

In other Juniper Networks news, CFO Kenneth Bradley Miller sold 15,000 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $34.47, for a total transaction of $517,050.00. Following the completion of the transaction, the chief financial officer now directly owns 69,435 shares in the company, valued at $2,393,424.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Kenneth Bradley Miller sold 15,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $34.47, for a total value of $517,050.00. Following the completion of the sale, the chief financial officer now directly owns 69,435 shares in the company, valued at $2,393,424.45. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Rami Rahim sold 5,555 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $35.17, for a total value of $195,369.35. Following the completion of the sale, the chief executive officer now owns 981,209 shares of the company’s stock, valued at $34,509,120.53. The disclosure for this sale can be found here. Insiders sold 134,779 shares of company stock worth $4,856,845 over the last three months. 1.28% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on JNPR. Argus upgraded Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Tuesday, June 18th. Barclays lowered their price target on Juniper Networks from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. StockNews.com initiated coverage on Juniper Networks in a research report on Tuesday. They issued a “hold” rating for the company. Finally, Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a research report on Friday, July 26th. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $36.25.

About Juniper Networks

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; wide-area network SDN controllers; and session smart routers.