ING Groep NV Boosts Stake in Juniper Networks Inc. (JNPR)
ING Groep NV boosted its stake in shares of Juniper Networks Inc. (NYSE:JNPR) by 8.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,497 shares of the network equipment provider’s stock after buying an additional 967 shares during the period. ING Groep NV’s holdings in Juniper Networks were worth $281,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of JNPR. Creative Planning increased its stake in shares of Juniper Networks by 24.1% in the second quarter. Creative Planning now owns 6,490 shares of the network equipment provider’s stock valued at $146,000 after buying an additional 1,262 shares in the last quarter. Conning Inc. increased its position in Juniper Networks by 2.3% in the second quarter. Conning Inc. now owns 9,767 shares of the network equipment provider’s stock worth $220,000 after buying an additional 220 shares during the period. LS Investment Advisors LLC increased its position in Juniper Networks by 19.6% in the second quarter. LS Investment Advisors LLC now owns 15,837 shares of the network equipment provider’s stock worth $356,000 after buying an additional 2,597 shares during the period. Simmons Bank acquired a new position in Juniper Networks during the first quarter worth $431,000. Finally, Seven Eight Capital LLC acquired a new position in Juniper Networks during the first quarter worth $445,000. 85.22% of the stock is owned by hedge funds and other institutional investors.
Shares of Juniper Networks Inc. (NYSE:JNPR) traded down 1.15% on Thursday, hitting $23.21. 2,533,048 shares of the stock were exchanged. The company has a market cap of $8.89 billion, a price-to-earnings ratio of 14.43 and a beta of 1.76. Juniper Networks Inc. has a 52-week low of $21.18 and a 52-week high of $32.39. The company has a 50 day moving average of $23.55 and a 200 day moving average of $23.34.
Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Tuesday, July 26th. The network equipment provider reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.03. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Juniper Networks had a net margin of 12.83% and a return on equity of 13.84%. Juniper Networks’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.53 earnings per share. Equities research analysts forecast that Juniper Networks Inc. will post $1.98 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 22nd. Investors of record on Thursday, September 1st were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.72%. The ex-dividend date was Tuesday, August 30th. Juniper Networks’s dividend payout ratio (DPR) is 24.84%.
A number of research analysts recently weighed in on JNPR shares. Zacks Investment Research raised shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Tuesday, June 28th. Deutsche Bank AG cut shares of Juniper Networks from a “buy” rating to a “hold” rating and cut their price target for the company from $30.00 to $22.00 in a research note on Wednesday, July 6th. Credit Suisse Group AG reiterated a “hold” rating on shares of Juniper Networks in a research note on Monday, July 18th. Drexel Hamilton reiterated a “buy” rating and issued a $36.00 price target on shares of Juniper Networks in a research note on Tuesday, July 26th. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $31.00 price target on shares of Juniper Networks in a research note on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, twenty have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $27.33.
In other Juniper Networks news, Director Kevin A. Denuccio sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $23.43, for a total transaction of $234,300.00. Following the transaction, the director now directly owns 11,074 shares in the company, valued at $259,463.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Terrance F. Spidell sold 3,089 shares of the stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $24.11, for a total transaction of $74,475.79. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by corporate insiders.
Juniper Networks Company Profile
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, Middle East, and Africa (EMEA), and Asia Pacific (APAC).
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