Xact Kapitalforvaltning AB Cuts Stake in Juniper Networks, Inc. (JNPR)
Xact Kapitalforvaltning AB decreased its position in Juniper Networks, Inc. (NYSE:JNPR) by 0.6% during the second quarter, Holdings Channel reports. The institutional investor owned 56,315 shares of the network equipment provider’s stock after selling 317 shares during the period. Xact Kapitalforvaltning AB’s holdings in Juniper Networks were worth $1,570,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of JNPR. BlackRock Inc. boosted its stake in shares of Juniper Networks by 2,310.0% in the first quarter. BlackRock Inc. now owns 25,175,402 shares of the network equipment provider’s stock worth $700,629,000 after buying an additional 24,130,800 shares in the last quarter. Dodge & Cox purchased a new stake in shares of Juniper Networks during the fourth quarter worth approximately $179,904,000. Morgan Stanley boosted its stake in shares of Juniper Networks by 119.2% in the first quarter. Morgan Stanley now owns 2,550,103 shares of the network equipment provider’s stock worth $70,970,000 after buying an additional 1,386,626 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Juniper Networks by 3.6% in the first quarter. Vanguard Group Inc. now owns 36,120,137 shares of the network equipment provider’s stock worth $1,005,224,000 after buying an additional 1,246,424 shares in the last quarter. Finally, LSV Asset Management boosted its stake in shares of Juniper Networks by 42.4% in the first quarter. LSV Asset Management now owns 4,118,318 shares of the network equipment provider’s stock worth $114,612,000 after buying an additional 1,227,063 shares in the last quarter. 89.47% of the stock is owned by institutional investors.
Shares of Juniper Networks, Inc. (JNPR) opened at 29.01 on Friday. Juniper Networks, Inc. has a 12-month low of $21.18 and a 12-month high of $30.96. The firm has a market capitalization of $11.08 billion, a PE ratio of 18.35 and a beta of 1.08. The company has a 50-day moving average price of $29.27 and a 200 day moving average price of $28.49.
Juniper Networks (NYSE:JNPR) last issued its earnings results on Tuesday, April 25th. The network equipment provider reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.03. Juniper Networks had a net margin of 12.10% and a return on equity of 13.59%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the company posted $0.37 earnings per share. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, equities analysts expect that Juniper Networks, Inc. will post $2.23 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 22nd. Shareholders of record on Thursday, June 1st were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, May 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.38%. Juniper Networks’s dividend payout ratio (DPR) is presently 25.00%.
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JNPR has been the subject of a number of research reports. Goldman Sachs Group, Inc. (The) lifted their price target on Juniper Networks from $31.00 to $36.00 and gave the stock a “conviction-buy” rating in a research report on Monday, March 27th. Barclays PLC reaffirmed an “equal weight” rating on shares of Juniper Networks in a research report on Saturday, April 22nd. Standpoint Research cut Juniper Networks from a “buy” rating to a “reduce” rating in a research report on Wednesday, May 3rd. Zacks Investment Research cut Juniper Networks from a “hold” rating to a “sell” rating in a research report on Friday, April 28th. Finally, Cowen and Company lifted their price target on Juniper Networks from $30.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 26th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued 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 price target of $29.97.
In other news, EVP Vincent Molinaro sold 13,792 shares of the firm’s stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $28.36, for a total transaction of $391,141.12. Following the completion of the transaction, the executive vice president now directly owns 4,597 shares of the company’s stock, valued at approximately $130,370.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Terrance F. Spidell sold 10,600 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $29.47, for a total transaction of $312,382.00. Following the transaction, the vice president now directly owns 10,600 shares of the company’s stock, valued at $312,382. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 188,892 shares of company stock valued at $5,728,423. 3.40% of the stock is currently 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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