Ajo LP Invests $11.61 Million in Juniper Networks, Inc. (JNPR) Stock

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.

COPYRIGHT VIOLATION WARNING: “Ajo LP Invests $11.61 Million in Juniper Networks, Inc. (JNPR) Stock” was posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this article on another site, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this article can be read at https://www.chaffeybreeze.com/2017/09/15/ajo-lp-invests-11-61-million-in-juniper-networks-inc-jnpr-stock.html.

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.

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

Receive News & Ratings for Juniper Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Juniper Networks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply