Juniper Networks, Inc. (JNPR) Short Interest Down 16.5% in December

Juniper Networks, Inc. (NYSE:JNPR) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 15,495,209 shares, a drop of 16.5% from the November 30th total of 18,557,074 shares. Based on an average daily trading volume, of 5,947,272 shares, the short-interest ratio is currently 2.6 days. Currently, 4.2% of the shares of the company are sold short.

Several brokerages recently issued reports on JNPR. Robert W. Baird reissued a “hold” rating and set a $26.00 target price (down previously from $28.00) on shares of Juniper Networks in a report on Wednesday, October 25th. Bank of America cut shares of Juniper Networks from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $35.00 to $31.00 in a report on Wednesday, October 11th. BMO Capital Markets reduced their target price on shares of Juniper Networks from $34.00 to $31.00 and set an “outperform” rating for the company in a report on Thursday, October 12th. UBS Group reduced their target price on shares of Juniper Networks from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Wednesday, October 25th. Finally, Cowen reissued a “hold” rating and set a $28.00 target price on shares of Juniper Networks in a report on Friday, October 27th. Five investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Juniper Networks currently has an average rating of “Hold” and an average price target of $29.04.

In related news, Director Rahul N. Merchant purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was acquired at an average price of $24.48 per share, with a total value of $48,960.00. Following the completion of the acquisition, the director now owns 22,543 shares in the company, valued at approximately $551,852.64. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Rami Rahim sold 16,100 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $26.24, for a total transaction of $422,464.00. Following the completion of the transaction, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at approximately $12,322,487.68. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in JNPR. Prudential Financial Inc. grew its position in shares of Juniper Networks by 17.5% in the third quarter. Prudential Financial Inc. now owns 3,965,653 shares of the network equipment provider’s stock valued at $110,364,000 after purchasing an additional 591,348 shares during the period. Parametric Portfolio Associates LLC grew its position in shares of Juniper Networks by 16.6% in the third quarter. Parametric Portfolio Associates LLC now owns 1,155,610 shares of the network equipment provider’s stock valued at $32,161,000 after purchasing an additional 164,643 shares during the period. AXA acquired a new stake in shares of Juniper Networks in the third quarter valued at about $7,409,000. Algert Global LLC grew its position in shares of Juniper Networks by 166.2% in the third quarter. Algert Global LLC now owns 84,228 shares of the network equipment provider’s stock valued at $2,344,000 after purchasing an additional 52,591 shares during the period. Finally, Dana Investment Advisors Inc. grew its position in shares of Juniper Networks by 3.3% in the third quarter. Dana Investment Advisors Inc. now owns 1,052,117 shares of the network equipment provider’s stock valued at $29,280,000 after purchasing an additional 34,041 shares during the period. Institutional investors own 90.63% of the company’s stock.

Shares of Juniper Networks (NYSE JNPR) opened at $28.70 on Wednesday. The company has a market cap of $10,910.00, a price-to-earnings ratio of 17.19, a P/E/G ratio of 2.65 and a beta of 1.10. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.41. Juniper Networks has a 52-week low of $23.87 and a 52-week high of $30.96.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.03). The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.26 billion. Juniper Networks had a net margin of 12.77% and a return on equity of 13.81%. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 EPS. equities analysts expect that Juniper Networks will post 1.7 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 1st were given a dividend of $0.10 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.40 annualized dividend and a yield of 1.39%. Juniper Networks’s dividend payout ratio is presently 23.95%.

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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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