Ifrah Financial Services Inc. Acquires New Position in Juniper Networks, Inc. (JNPR)
Ifrah Financial Services Inc. acquired a new stake in shares of Juniper Networks, Inc. (NYSE:JNPR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,450 shares of the network equipment provider’s stock, valued at approximately $541,000.
Other large investors also recently added to or reduced their stakes in the company. Creative Planning boosted its stake in shares of Juniper Networks by 0.4% during the second quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock valued at $131,000 after purchasing an additional 21 shares during the period. Acrospire Investment Management LLC boosted its stake in shares of Juniper Networks by 4.3% during the second quarter. Acrospire Investment Management LLC now owns 4,890 shares of the network equipment provider’s stock valued at $136,000 after purchasing an additional 201 shares during the period. Stevens First Principles Investment Advisors boosted its stake in shares of Juniper Networks by 40.9% during the third quarter. Stevens First Principles Investment Advisors now owns 7,045 shares of the network equipment provider’s stock valued at $196,000 after purchasing an additional 2,045 shares during the period. Petrus Trust Company LTA purchased a new stake in shares of Juniper Networks during the second quarter valued at approximately $204,000. Finally, River Wealth Advisors LLC purchased a new stake in shares of Juniper Networks during the second quarter valued at approximately $206,000. 93.32% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Rahul N. Merchant bought 2,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were acquired at an average cost of $24.48 per share, with a total value of $48,960.00. Following the completion of the transaction, the director now owns 22,543 shares of the company’s stock, valued at approximately $551,852.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Rami Rahim sold 5,300 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $27.47, for a total value of $145,591.00. Following the completion of the transaction, the chief executive officer now directly owns 469,607 shares in the company, valued at $12,900,104.29. The disclosure for this sale can be found here. Insiders sold 26,700 shares of company stock worth $732,107 over the last three months. Insiders own 2.60% of the company’s stock.
Juniper Networks, Inc. (NYSE JNPR) traded up $0.36 during midday trading on Tuesday, reaching $25.36. The company had a trading volume of 6,157,100 shares, compared to its average volume of 4,924,260. Juniper Networks, Inc. has a 52 week low of $23.87 and a 52 week high of $30.96. The company has a market cap of $9,373.21, a P/E ratio of 13.74, a price-to-earnings-growth ratio of 1.99 and a beta of 1.05. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.70 and a quick ratio of 2.70.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings data on Tuesday, October 24th. The network equipment provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.03). Juniper Networks had a return on equity of 13.81% and a net margin of 12.77%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the business posted $0.58 earnings per share. Juniper Networks’s quarterly revenue was down 2.1% compared to the same quarter last year. equities research analysts anticipate that Juniper Networks, Inc. will post 1.7 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be given a $0.10 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.40 annualized dividend and a yield of 1.58%. Juniper Networks’s payout ratio is 23.26%.
A number of analysts recently commented on JNPR shares. BidaskClub lowered Juniper Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. UBS AG dropped their price target on Juniper Networks from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, October 25th. William Blair reaffirmed a “hold” rating on shares of Juniper Networks in a research note on Wednesday, October 25th. Zacks Investment Research lowered Juniper Networks from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, BMO Capital Markets dropped their price target on Juniper Networks from $34.00 to $31.00 and set an “outperform” rating for the company in a research note on Thursday, October 12th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $29.61.
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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