Ajo LP purchased a new stake in shares of Juniper Networks, Inc. (NYSE:JNPR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 416,310 shares of the network equipment provider’s stock, valued at approximately $11,607,000. Ajo LP owned approximately 0.11% of Juniper Networks at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of JNPR. Nationwide Fund Advisors lifted its holdings in Juniper Networks by 3.5% during the first quarter. Nationwide Fund Advisors now owns 159,834 shares of the network equipment provider’s stock valued at $4,448,000 after purchasing an additional 5,477 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Juniper Networks during the first quarter valued at approximately $266,000. Pictet Asset Management Ltd. lifted its holdings in Juniper Networks by 17.0% during the first quarter. Pictet Asset Management Ltd. now owns 223,522 shares of the network equipment provider’s stock valued at $6,221,000 after purchasing an additional 32,400 shares in the last quarter. UBS Asset Management Americas Inc. lifted its holdings in Juniper Networks by 9.4% during the first quarter. UBS Asset Management Americas Inc. now owns 1,740,716 shares of the network equipment provider’s stock valued at $48,444,000 after purchasing an additional 149,088 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new position in Juniper Networks during the first quarter valued at approximately $4,953,000. 90.16% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have weighed in on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Juniper Networks in a report on Tuesday. Zacks Investment Research downgraded shares of Juniper Networks from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $30.00 price target on shares of Juniper Networks in a report on Wednesday, August 2nd. UBS AG reaffirmed a “neutral” rating and set a $30.00 price target (up previously from $28.00) on shares of Juniper Networks in a report on Wednesday, July 26th. Finally, Berenberg Bank reiterated a “buy” rating and set a $35.00 price objective on shares of Juniper Networks in a research report on Thursday, July 27th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $30.94.
Shares of Juniper Networks, Inc. (NYSE:JNPR) opened at 27.56 on Friday. The stock has a market capitalization of $10.48 billion, a price-to-earnings ratio of 16.49 and a beta of 1.08. The stock’s 50 day moving average is $27.62 and its 200-day moving average is $28.50. Juniper Networks, Inc. has a 52 week low of $22.40 and a 52 week high of $30.96.
Juniper Networks (NYSE:JNPR) last announced its earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the business posted $0.50 EPS. Juniper Networks’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts anticipate that Juniper Networks, Inc. will post $2.24 earnings per share for the current fiscal year.
The business also recently disclosed 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 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Wednesday, August 30th. Juniper Networks’s payout ratio is presently 23.39%.
In related news, CEO Rami Rahim sold 16,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $27.43, for a total transaction of $438,880.00. Following the completion of the sale, the chief executive officer now owns 469,607 shares in the company, valued at $12,881,320.01. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Terrance F. Spidell sold 3,313 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $27.69, for a total value of $91,736.97. The disclosure for this sale can be found here. Insiders sold a total of 35,044 shares of company stock valued at $974,774 in the last quarter. Company insiders own 3.40% of the company’s stock.
About Juniper Networks
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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