Juniper Networks, Inc. (JNPR) Position Held by Yorktown Management & Research Co Inc
Yorktown Management & Research Co Inc maintained its stake in Juniper Networks, Inc. (NYSE:JNPR) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,000 shares of the network equipment provider’s stock at the end of the second quarter. Yorktown Management & Research Co Inc’s holdings in Juniper Networks were worth $279,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of JNPR. Nationwide Fund Advisors grew its stake in Juniper Networks by 3.5% in the 1st quarter. Nationwide Fund Advisors now owns 159,834 shares of the network equipment provider’s stock worth $4,448,000 after acquiring an additional 5,477 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Juniper Networks in the 1st quarter worth about $266,000. UBS Asset Management Americas Inc. grew its stake in Juniper Networks by 9.4% in the 1st quarter. UBS Asset Management Americas Inc. now owns 1,740,716 shares of the network equipment provider’s stock worth $48,444,000 after acquiring an additional 149,088 shares in the last quarter. Karp Capital Management Corp bought a new position in Juniper Networks in the 1st quarter worth about $4,953,000. Finally, Sei Investments Co. grew its stake in Juniper Networks by 64.8% in the 1st quarter. Sei Investments Co. now owns 115,657 shares of the network equipment provider’s stock worth $3,218,000 after acquiring an additional 45,482 shares in the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.
In other Juniper Networks news, CEO Rami Rahim sold 5,400 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $27.34, for a total transaction of $147,636.00. Following the completion of the transaction, the chief executive officer now owns 469,607 shares in the company, valued at approximately $12,839,055.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Vincent Molinaro sold 5,031 shares of the company’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $30.00, for a total transaction of $150,930.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,044 shares of company stock valued at $974,774. 3.40% of the stock is owned by insiders.
A number of brokerages have commented on JNPR. TheStreet downgraded shares of Juniper Networks from a “b” rating to a “c+” rating in a research note on Thursday, June 29th. Zacks Investment Research cut shares of Juniper Networks from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. UBS AG reaffirmed a “neutral” rating and issued a $30.00 price target (up previously from $28.00) on shares of Juniper Networks in a research report on Wednesday, July 26th. Pacific Crest started coverage on shares of Juniper Networks in a research report on Monday, June 5th. They issued a “sector weight” rating and a $31.00 price target for the company. Finally, KeyCorp started coverage on shares of Juniper Networks in a research report on Monday, June 5th. They issued a “hold” rating and a $31.00 price target for the company. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $30.94.
Shares of Juniper Networks, Inc. (NYSE:JNPR) opened at 27.80 on Monday. The stock has a 50 day moving average of $27.62 and a 200-day moving average of $28.50. The firm has a market cap of $10.57 billion, a price-to-earnings ratio of 16.64 and a beta of 1.08. Juniper Networks, Inc. has a 1-year low of $22.40 and a 1-year high of $30.96.
Juniper Networks (NYSE:JNPR) last released its quarterly 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. 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 during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the firm earned $0.50 EPS. Juniper Networks’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities analysts anticipate that Juniper Networks, Inc. will post $2.24 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 1st will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.40 annualized dividend and a yield of 1.44%. Juniper Networks’s dividend payout ratio (DPR) is 23.39%.
Juniper Networks 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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