Juniper Networks, Inc. (JNPR) Shares Bought by Teachers Advisors LLC
Teachers Advisors LLC grew its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 20.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,209,592 shares of the network equipment provider’s stock after buying an additional 372,314 shares during the period. Teachers Advisors LLC owned 0.58% of Juniper Networks worth $61,603,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Creative Planning grew its stake in 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 purchasing an additional 21 shares during the period. Menta Capital LLC purchased a new stake in Juniper Networks in the first quarter worth $205,000. River Wealth Advisors LLC purchased a new stake in Juniper Networks in the second quarter worth $206,000. Synovus Financial Corp grew its stake in Juniper Networks by 1.9% in the second quarter. Synovus Financial Corp now owns 7,462 shares of the network equipment provider’s stock worth $208,000 after purchasing an additional 139 shares during the period. Finally, Private Advisor Group LLC purchased a new stake in Juniper Networks in the second quarter worth $222,000. 90.16% of the stock is currently owned by hedge funds and other institutional investors.
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Several equities research analysts recently weighed in on the company. Zacks Investment Research raised Juniper Networks from a “hold” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a research note on Wednesday, August 16th. Pacific Crest assumed coverage on Juniper Networks in a research note on Monday, June 5th. They issued a “sector weight” rating and a $31.00 price target on the stock. BidaskClub cut Juniper Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Drexel Hamilton reaffirmed a “buy” rating and issued a $37.00 price target on shares of Juniper Networks in a research note on Thursday, July 20th. Finally, UBS AG reaffirmed a “neutral” rating and issued a $30.00 price target (up from $28.00) on shares of Juniper Networks in a research note on Wednesday, July 26th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. Juniper Networks currently has an average rating of “Hold” and an average target price of $30.94.
In related news, VP Terrance F. Spidell sold 3,313 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $27.69, for a total value of $91,736.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rami Rahim sold 16,000 shares of the company’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $27.43, for a total value of $438,880.00. Following the completion of the transaction, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at approximately $12,881,320.01. The disclosure for this sale can be found here. In the last three months, insiders sold 35,044 shares of company stock valued at $974,774. Insiders own 3.40% of the company’s stock.
Shares of Juniper Networks, Inc. (NYSE JNPR) opened at 27.80 on Friday. The stock has a market cap of $10.57 billion, a PE ratio of 16.64 and a beta of 1.08. Juniper Networks, Inc. has a 52-week low of $22.41 and a 52-week high of $30.96. The company’s 50 day moving average price is $27.62 and its 200 day moving average price is $28.50.
Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data 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 business 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 company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 EPS. On average, analysts anticipate that Juniper Networks, Inc. will post $2.24 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 1st will be issued a $0.10 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.44%. Juniper Networks’s dividend payout ratio (DPR) is presently 23.39%.
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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