Lingohr & Partner Asset Management GmbH maintained its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,400 shares of the network equipment provider’s stock at the close of the second quarter. Lingohr & Partner Asset Management GmbH’s holdings in Juniper Networks were worth $957,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. Creative Planning lifted its holdings in shares of Juniper Networks by 0.4% in the 2nd quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock worth $131,000 after acquiring an additional 21 shares during the last quarter. Contravisory Investment Management Inc. lifted its holdings in Juniper Networks by 0.6% during the 2nd quarter. Contravisory Investment Management Inc. now owns 9,629 shares of the network equipment provider’s stock worth $268,000 after buying an additional 60 shares in the last quarter. Cadence Capital Management LLC lifted its holdings in Juniper Networks by 0.5% during the 2nd quarter. Cadence Capital Management LLC now owns 12,930 shares of the network equipment provider’s stock worth $360,000 after buying an additional 63 shares in the last quarter. Tredje AP fonden lifted its holdings in Juniper Networks by 0.4% during the 1st quarter. Tredje AP fonden now owns 19,874 shares of the network equipment provider’s stock worth $553,000 after buying an additional 74 shares in the last quarter. Finally, Cleararc Capital Inc. lifted its holdings in Juniper Networks by 1.2% during the 1st quarter. Cleararc Capital Inc. now owns 9,343 shares of the network equipment provider’s stock worth $260,000 after buying an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 90.16% of the company’s stock.
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A number of research firms have issued reports on JNPR. Zacks Investment Research upgraded shares of Juniper Networks from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a report on Wednesday, August 16th. Pacific Crest began coverage on shares of Juniper Networks in a report on Monday, June 5th. They set a “sector weight” rating and a $31.00 target price on the stock. BidaskClub lowered shares of Juniper Networks from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Drexel Hamilton reiterated a “buy” rating and set a $37.00 target price on shares of Juniper Networks in a report on Thursday, July 20th. Finally, UBS AG reiterated a “neutral” rating and set a $30.00 target price (up from $28.00) on shares of Juniper Networks in a report on Wednesday, July 26th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $30.94.
Shares of Juniper Networks, Inc. (NYSE JNPR) traded up 0.87% on Friday, reaching $27.80. 7,151,611 shares of the company’s stock traded hands. Juniper Networks, Inc. has a 52 week low of $22.41 and a 52 week high of $30.96. The stock has a market capitalization of $10.57 billion, a PE ratio of 16.64 and a beta of 1.08. The company has a 50 day moving average of $27.62 and a 200-day moving average of $28.50.
Juniper Networks (NYSE:JNPR) last issued its earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Juniper Networks had a net margin of 12.66% and a return on equity of 14.13%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.50 earnings per share. Equities research analysts forecast that Juniper Networks, Inc. will post $2.24 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.44%. Juniper Networks’s dividend payout ratio (DPR) is 23.39%.
In other Juniper Networks news, CEO Rami Rahim sold 16,000 shares of the stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $27.43, for a total transaction of $438,880.00. Following the sale, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at $12,881,320.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Vincent Molinaro sold 5,031 shares of the stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $30.00, for a total transaction of $150,930.00. The disclosure for this sale can be found here. Insiders have sold 35,044 shares of company stock worth $974,774 over the last three months. 3.40% of the stock is owned by corporate insiders.
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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