Renaissance Technologies LLC Trims Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Renaissance Technologies LLC lowered its position in Juniper Networks, Inc. (NYSE:JNPR) by 31.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,984,491 shares of the network equipment provider’s stock after selling 892,000 shares during the period. Renaissance Technologies LLC’s holdings in Juniper Networks were worth $52,847,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. NEXT Financial Group Inc purchased a new position in Juniper Networks during the second quarter valued at approximately $27,000. Signaturefd LLC raised its holdings in Juniper Networks by 160.8% in the 2nd quarter. Signaturefd LLC now owns 1,356 shares of the network equipment provider’s stock worth $36,000 after purchasing an additional 836 shares during the period. Bremer Bank National Association acquired a new position in Juniper Networks in the 1st quarter worth about $39,000. CENTRAL TRUST Co purchased a new position in Juniper Networks during the second quarter worth approximately $51,000. Finally, Rational Advisors LLC grew its holdings in Juniper Networks by 1,800.8% in the first quarter. Rational Advisors LLC now owns 2,262 shares of the network equipment provider’s stock valued at $60,000 after purchasing an additional 2,143 shares during the period. Institutional investors own 90.89% of the company’s stock.

In related news, Director William Stensrud sold 10,000 shares of Juniper Networks stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Rahul N. Merchant sold 2,500 shares of Juniper Networks stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $27.06, for a total value of $67,650.00. Following the transaction, the director now owns 37,370 shares in the company, valued at approximately $1,011,232.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,500 shares of company stock worth $737,990. Insiders own 1.10% of the company’s stock.

NYSE JNPR traded down $0.33 during mid-day trading on Wednesday, hitting $24.18. The stock had a trading volume of 43,207 shares, compared to its average volume of 2,955,151. Juniper Networks, Inc. has a twelve month low of $22.42 and a twelve month high of $30.80. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.13 and a quick ratio of 2.13. The firm’s 50 day moving average is $24.68 and its 200 day moving average is $26.20. The stock has a market capitalization of $8.31 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 3.08 and a beta of 0.98.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results on Thursday, July 25th. The network equipment provider reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.06). The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Juniper Networks had a return on equity of 10.00% and a net margin of 11.05%. The business’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 earnings per share. As a group, equities research analysts expect that Juniper Networks, Inc. will post 1.25 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Tuesday, September 3rd. Juniper Networks’s dividend payout ratio is currently 55.88%.

JNPR has been the subject of several research analyst reports. Rosenblatt Securities raised Juniper Networks from a “sell” rating to a “neutral” rating and upped their target price for the stock from $24.00 to $27.00 in a research note on Wednesday, June 12th. Evercore ISI began coverage on shares of Juniper Networks in a report on Wednesday. They issued an “inline” rating and a $26.00 price target for the company. Raymond James set a $29.00 price target on shares of Juniper Networks and gave the stock a “buy” rating in a report on Friday, September 6th. Barclays assumed coverage on shares of Juniper Networks in a research report on Wednesday, August 7th. They set an “equal weight” rating and a $27.00 price objective for the company. Finally, Citigroup downgraded shares of Juniper Networks from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $28.00 to $24.00 in a report on Monday, July 8th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Juniper Networks presently has a consensus rating of “Hold” and a consensus price target of $27.40.

About Juniper Networks

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.

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

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