IFM Investors Pty Ltd bought a new stake in Juniper Networks, Inc. (NYSE:JNPR) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,478 shares of the network equipment provider’s stock, valued at approximately $320,000.
A number of other large investors have also bought and sold shares of the business. LSV Asset Management raised its position in Juniper Networks by 18.9% in the second quarter. LSV Asset Management now owns 4,897,189 shares of the network equipment provider’s stock valued at $136,533,000 after purchasing an additional 778,871 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its position in Juniper Networks by 2.4% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,246,169 shares of the network equipment provider’s stock valued at $34,743,000 after purchasing an additional 29,420 shares during the period. Calamos Advisors LLC raised its position in Juniper Networks by 34.2% in the second quarter. Calamos Advisors LLC now owns 97,392 shares of the network equipment provider’s stock valued at $2,715,000 after purchasing an additional 24,809 shares during the period. Meiji Yasuda Life Insurance Co raised its position in Juniper Networks by 7.5% in the second quarter. Meiji Yasuda Life Insurance Co now owns 14,400 shares of the network equipment provider’s stock valued at $401,000 after purchasing an additional 1,000 shares during the period. Finally, Leisure Capital Management raised its position in Juniper Networks by 3.3% in the second quarter. Leisure Capital Management now owns 23,810 shares of the network equipment provider’s stock valued at $664,000 after purchasing an additional 762 shares during the period. Institutional investors own 90.14% of the company’s stock.
Shares of Juniper Networks, Inc. (NYSE:JNPR) opened at 27.99 on Friday. The stock has a market capitalization of $10.64 billion, a P/E ratio of 16.75 and a beta of 1.08. The stock has a 50 day moving average price of $27.61 and a 200 day moving average price of $28.50. Juniper Networks, Inc. has a 12-month low of $22.41 and a 12-month high of $30.96.
Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the firm earned $0.50 earnings per share. On average, equities analysts anticipate that Juniper Networks, Inc. will post $2.24 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 1st were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.43%. Juniper Networks’s dividend payout ratio is currently 23.39%.
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In other Juniper Networks news, VP Terrance F. Spidell sold 3,313 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $27.69, for a total value of $91,736.97. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Rami Rahim sold 5,400 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $27.34, for a total transaction of $147,636.00. Following the completion of the transaction, the chief executive officer now directly owns 469,607 shares in the company, valued at approximately $12,839,055.38. The disclosure for this sale can be found here. Insiders sold 35,044 shares of company stock worth $974,774 in the last three months. 3.40% of the stock is currently owned by corporate insiders.
A number of equities research analysts have commented on JNPR shares. ValuEngine upgraded Juniper Networks from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Pacific Crest started coverage on Juniper Networks in a research report on Monday, June 5th. They issued a “sector weight” rating and a $31.00 target price on the stock. KeyCorp started coverage on Juniper Networks in a research report on Monday, June 5th. They issued a “hold” rating and a $31.00 target price on the stock. TheStreet downgraded Juniper Networks from a “b” rating to a “c+” rating in a research report on Thursday, June 29th. Finally, Instinet reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Juniper Networks in a research note on Tuesday, July 4th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $30.94.
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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