Advisor Partners LLC Has $241,000 Stake in Juniper Networks, Inc. (NYSE:JNPR)
Advisor Partners LLC boosted its position in Juniper Networks, Inc. (NYSE:JNPR) by 14.6% during the second quarter, Holdings Channel reports. The fund owned 8,655 shares of the network equipment provider’s stock after buying an additional 1,105 shares during the period. Advisor Partners LLC’s holdings in Juniper Networks were worth $241,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the company. Chevy Chase Trust Holdings Inc. boosted its position in 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 valued at $9,164,000 after buying an additional 11,163 shares in the last quarter. CENTRAL TRUST Co boosted 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 in the last quarter. Gulf International Bank UK Ltd boosted 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 in the last quarter. Parametrica Management Ltd bought a new position in Juniper Networks during the first quarter valued at about $360,000. Finally, Farmers & Merchants Investments Inc. boosted its position in Juniper Networks by 0.4% in the first quarter. Farmers & Merchants Investments Inc. now owns 114,837 shares of the network equipment provider’s stock valued at $3,196,000 after buying an additional 444 shares in the last quarter. Institutional investors own 91.15% of the company’s stock.
Shares of Juniper Networks, Inc. (JNPR) opened at 27.41 on Friday. The company has a market capitalization of $10.42 billion, a P/E ratio of 16.40 and a beta of 1.07. Juniper Networks, Inc. has a 12 month low of $22.40 and a 12 month high of $30.96. The company has a 50-day moving average price of $28.45 and a 200-day moving average price of $28.54.
Juniper Networks (NYSE:JNPR) last issued its earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.50 EPS. On average, analysts forecast that Juniper Networks, Inc. will post $2.24 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders 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 payout ratio is currently 23.39%.
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Several equities analysts have issued reports on the stock. Standpoint Research cut shares of Juniper Networks from a “buy” rating to a “reduce” rating in a research note on Wednesday, May 3rd. ValuEngine upgraded shares of Juniper Networks from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Robert W. Baird restated a “neutral” rating and set a $30.00 target price (up previously from $27.00) on shares of Juniper Networks in a research note on Saturday, April 29th. KeyCorp assumed coverage on shares of Juniper Networks in a research note on Monday, June 5th. They set a “hold” rating and a $31.00 target price on the stock. Finally, Pacific Crest assumed coverage on shares of Juniper Networks in a research note on Monday, June 5th. They set a “sector weight” rating and a $31.00 target price on the stock. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Juniper Networks has a consensus rating of “Hold” and a consensus target price of $30.89.
In other Juniper Networks news, Director Pradeep Sindhu sold 76,900 shares of the company’s 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 completion of the sale, the director now directly owns 40,773 shares in the company, valued at approximately $1,245,615.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Terrance F. Spidell sold 10,600 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $29.47, for a total value of $312,382.00. Following the completion of the sale, the vice president now 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 90 days, insiders sold 95,844 shares of company stock valued at $2,904,344. 3.40% of the stock is owned by company 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, the Middle East and Africa, and Asia Pacific.
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