Korea Investment CORP Has $6.01 Million Position in Juniper Networks, Inc. (NYSE:JNPR)
Korea Investment CORP cut its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 6.6% during the second quarter, Holdings Channel reports. The fund owned 215,379 shares of the network equipment provider’s stock after selling 15,243 shares during the period. Korea Investment CORP’s holdings in Juniper Networks were worth $6,005,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of JNPR. Acrospire Investment Management LLC raised its stake in shares of Juniper Networks by 837.8% in the first quarter. Acrospire Investment Management LLC now owns 4,689 shares of the network equipment provider’s stock worth $130,000 after buying an additional 4,189 shares in the last quarter. Creative Planning raised its stake in shares of Juniper Networks by 0.4% in the second quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock worth $131,000 after buying an additional 21 shares in the last quarter. Menta Capital LLC acquired a new stake in shares of Juniper Networks during the first quarter worth about $205,000. River Wealth Advisors LLC acquired a new stake in shares of Juniper Networks during the second quarter worth about $206,000. Finally, Advisor Partners LLC acquired a new stake in shares of Juniper Networks during the first quarter worth about $210,000. 91.15% of the stock is owned by institutional investors and hedge funds.
Juniper Networks, Inc. (JNPR) opened at 27.44 on Friday. The company’s 50-day moving average price is $28.47 and its 200 day moving average price is $28.54. Juniper Networks, Inc. has a 52 week low of $22.40 and a 52 week high of $30.96. The stock has a market capitalization of $10.44 billion, a P/E ratio of 16.42 and a beta of 1.07.
Juniper Networks (NYSE:JNPR) last posted its earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. Juniper Networks’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.50 earnings per share. Equities research analysts expect that Juniper Networks, Inc. will post $2.24 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.46%. The ex-dividend date is Wednesday, August 30th. Juniper Networks’s dividend payout ratio (DPR) is presently 23.39%.
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A number of equities research analysts recently issued reports on the company. Royal Bank Of Canada reissued a “hold” rating and set a $30.00 price target on shares of Juniper Networks in a research note on Wednesday, August 2nd. Zacks Investment Research lowered Juniper Networks from a “buy” rating to a “hold” rating in a research note on Monday. UBS AG reissued a “neutral” rating and set a $30.00 price target (up from $28.00) on shares of Juniper Networks in a research note on Wednesday, July 26th. Berenberg Bank reissued a “buy” rating and set a $35.00 price target on shares of Juniper Networks in a research note on Thursday, July 27th. Finally, BMO Capital Markets reissued a “hold” rating and set a $31.00 price target on shares of Juniper Networks in a research note on Wednesday, April 26th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve 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 target price of $30.89.
In related news, Director Pradeep Sindhu sold 76,900 shares of the stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $30.55, for a total value of $2,349,295.00. Following the transaction, the director now owns 40,773 shares of the company’s stock, valued at $1,245,615.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Terrance F. Spidell sold 3,313 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $27.69, for a total value of $91,736.97. The disclosure for this sale can be found here. Insiders sold 95,844 shares of company stock worth $2,904,344 in the last three months. 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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