Caisse DE Depot ET Placement DU Quebec Decreases Holdings in Juniper Networks, Inc. (JNPR)
Caisse DE Depot ET Placement DU Quebec decreased its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 27.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,245 shares of the network equipment provider’s stock after selling 9,200 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Juniper Networks were worth $665,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Piedmont Investment Advisors LLC acquired a new position in shares of Juniper Networks during the second quarter valued at $112,000. Private Capital Group LLC boosted its holdings in shares of Juniper Networks by 6,618.0% during the first quarter. Private Capital Group LLC now owns 4,098 shares of the network equipment provider’s stock valued at $100,000 after acquiring an additional 4,037 shares during the period. Whittier Trust Co. boosted its holdings in shares of Juniper Networks by 794.3% during the second quarter. Whittier Trust Co. now owns 6,600 shares of the network equipment provider’s stock valued at $162,000 after acquiring an additional 5,862 shares during the period. Everence Capital Management Inc. acquired a new position in shares of Juniper Networks during the second quarter valued at $225,000. Finally, LMR Partners LLP acquired a new position in shares of Juniper Networks during the second quarter valued at $287,000. 92.58% of the stock is owned by institutional investors.
Shares of Juniper Networks stock opened at $28.00 on Tuesday. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.40. Juniper Networks, Inc. has a 52 week low of $23.61 and a 52 week high of $29.95. The stock has a market capitalization of $9.50 billion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 4.00 and a beta of 0.87.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 25th. Shareholders of record on Tuesday, September 4th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Friday, August 31st. Juniper Networks’s dividend payout ratio (DPR) is presently 41.62%.
In other Juniper Networks news, Director William Stensrud sold 20,000 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $28.20, for a total value of $564,000.00. Following the sale, the director now directly owns 5,531 shares in the company, valued at $155,974.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Rami Rahim sold 5,300 shares of the business’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $26.40, for a total transaction of $139,920.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,300 shares of company stock worth $1,130,160. 2.60% of the stock is owned by company insiders.
Several brokerages have recently issued reports on JNPR. Oppenheimer reissued a “buy” rating on shares of Juniper Networks in a report on Tuesday, August 7th. Zacks Investment Research cut shares of Juniper Networks from a “buy” rating to a “hold” rating in a research note on Wednesday, August 1st. Deutsche Bank upgraded shares of Juniper Networks from a “hold” rating to a “buy” rating and lifted their price objective for the company from $25.00 to $32.00 in a research note on Monday, July 30th. Rosenblatt Securities restated a “sell” rating and set a $24.00 price objective on shares of Juniper Networks in a research note on Saturday, July 28th. Finally, Piper Jaffray Companies lifted their price objective on shares of Juniper Networks from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, July 27th. Seven research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $26.97.
Juniper Networks Profile
Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.
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