ClariVest Asset Management LLC Cuts Stake in Juniper Networks, Inc. (NYSE:JNPR)
ClariVest Asset Management LLC decreased its position in Juniper Networks, Inc. (NYSE:JNPR) by 2.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,090,375 shares of the network equipment provider’s stock after selling 32,070 shares during the period. ClariVest Asset Management LLC’s holdings in Juniper Networks were worth $30,400,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Chevy Chase Trust Holdings Inc. raised its position in shares of Juniper Networks by 3.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 329,291 shares of the network equipment provider’s stock worth $9,164,000 after buying an additional 11,163 shares in the last quarter. CENTRAL TRUST Co raised its position in Juniper Networks by 7.9% in the first quarter. CENTRAL TRUST Co now owns 8,769 shares of the network equipment provider’s stock valued at $244,000 after buying an additional 644 shares during the period. Gulf International Bank UK Ltd raised its position in Juniper Networks by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 105,631 shares of the network equipment provider’s stock valued at $2,939,000 after buying an additional 1,400 shares during the period. Parametrica Management Ltd acquired a new position in Juniper Networks during the first quarter valued at approximately $360,000. Finally, BKD Wealth Advisors LLC raised its position in Juniper Networks by 13.0% in the first quarter. BKD Wealth Advisors LLC now owns 12,135 shares of the network equipment provider’s stock valued at $338,000 after buying an additional 1,398 shares during the period. Hedge funds and other institutional investors own 91.15% of the company’s stock.
Shares of Juniper Networks, Inc. (NYSE:JNPR) opened at 27.41 on Friday. The stock has a 50 day moving average of $28.45 and a 200-day moving average of $28.54. Juniper Networks, Inc. has a 12-month low of $22.40 and a 12-month high of $30.96. The company has a market capitalization of $10.42 billion, a PE ratio of 16.40 and a beta of 1.07.
Juniper Networks (NYSE:JNPR) last released its earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. Juniper Networks had a net margin of 12.66% and a return on equity of 14.13%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the firm earned $0.50 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. Analysts predict that Juniper Networks, Inc. will post $2.24 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 1st will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.46%. Juniper Networks’s payout ratio is 23.39%.
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Several equities analysts have commented on JNPR shares. Zacks Investment Research upgraded shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Friday, July 28th. Royal Bank Of Canada reiterated a “hold” rating and set a $30.00 price objective (up previously from $27.00) on shares of Juniper Networks in a research report on Wednesday, April 26th. Raymond James Financial, Inc. upgraded shares of Juniper Networks from a “market perform” rating to an “outperform” rating and set a $34.00 price objective for the company in a research report on Friday, July 21st. Instinet reiterated a “buy” rating and set a $33.00 price objective on shares of Juniper Networks in a research report on Tuesday, July 4th. Finally, TheStreet lowered shares of Juniper Networks from a “b” rating to a “c+” rating in a research report on Thursday, June 29th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Juniper Networks currently has a consensus rating of “Hold” and a consensus target price of $30.89.
In related news, VP Terrance F. Spidell sold 3,313 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $27.69, for a total transaction of $91,736.97. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Pradeep Sindhu sold 76,900 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $30.55, for a total transaction of $2,349,295.00. Following the sale, the director now owns 40,773 shares in the company, valued at $1,245,615.15. The disclosure for this sale can be found here. Insiders have sold 95,844 shares of company stock worth $2,904,344 over the last 90 days. Insiders own 3.40% of the company’s stock.
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, the Middle East and Africa, and Asia Pacific.
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