Candriam Luxembourg S.C.A. boosted its position in Juniper Networks, Inc. (NYSE:JNPR) by 69.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 916,194 shares of the network equipment provider’s stock after buying an additional 377,065 shares during the period. Candriam Luxembourg S.C.A. owned 0.24% of Juniper Networks worth $25,545,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of the company. UBS Asset Management Americas Inc. raised its position in shares of Juniper Networks by 6.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,591,628 shares of the network equipment provider’s stock worth $44,980,000 after buying an additional 90,753 shares during the period. Teachers Advisors LLC raised its position in shares of Juniper Networks by 5.6% in the fourth quarter. Teachers Advisors LLC now owns 1,107,844 shares of the network equipment provider’s stock worth $31,308,000 after buying an additional 59,052 shares during the period. Kentucky Retirement Systems purchased a new position in shares of Juniper Networks during the fourth quarter worth about $780,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Juniper Networks during the fourth quarter worth about $348,000. Finally, Chevy Chase Trust Holdings Inc. raised its position in shares of Juniper Networks by 3.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 329,291 shares of the network equipment provider’s stock worth $9,164,000 after buying an additional 11,163 shares during the period. Institutional investors own 90.08% of the company’s stock.
Shares of Juniper Networks, Inc. (NYSE:JNPR) opened at 28.34 on Friday. The stock has a market cap of $10.78 billion, a price-to-earnings ratio of 16.96 and a beta of 1.07. Juniper Networks, Inc. has a 12 month low of $22.12 and a 12 month high of $30.96. The firm has a 50-day moving average price of $28.62 and a 200-day moving average price of $28.53.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Juniper Networks had a net margin of 12.66% and a return on equity of 14.13%. Juniper Networks’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the business earned $0.50 EPS. Equities analysts expect that Juniper Networks, Inc. will post $2.24 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Wednesday, August 30th. Juniper Networks’s dividend payout ratio is presently 23.39%.
JNPR has been the subject of a number of research analyst reports. Instinet restated a “buy” rating and issued a $33.00 target price on shares of Juniper Networks in a research note on Thursday, April 6th. Royal Bank Of Canada reiterated a “hold” rating and set a $27.00 price objective on shares of Juniper Networks in a research note on Tuesday, April 18th. Barclays PLC reiterated an “equal weight” rating on shares of Juniper Networks in a research note on Saturday, April 22nd. BMO Capital Markets reiterated a “hold” rating and set a $31.00 price objective on shares of Juniper Networks in a research note on Wednesday, April 26th. Finally, Cowen and Company lifted their price objective on Juniper Networks from $30.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, April 26th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Juniper Networks currently has a consensus rating of “Hold” and a consensus price target of $30.89.
In other news, EVP Vincent Molinaro sold 5,031 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $30.00, for a total value of $150,930.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Terrance F. Spidell sold 3,313 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $27.69, for a total transaction of $91,736.97. The disclosure for this sale can be found here. In the last three months, insiders sold 106,544 shares of company stock worth $3,232,192. Insiders own 3.40% of the company’s stock.
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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