Juniper Networks, Inc. (JNPR) Holdings Lifted by Mount Yale Investment Advisors LLC
Mount Yale Investment Advisors LLC boosted its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 5.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 252,725 shares of the network equipment provider’s stock after buying an additional 12,437 shares during the quarter. Juniper Networks accounts for 1.3% of Mount Yale Investment Advisors LLC’s investment portfolio, making the stock its 17th largest holding. Mount Yale Investment Advisors LLC’s holdings in Juniper Networks were worth $6,930,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of JNPR. Sei Investments Co. boosted its stake in shares of Juniper Networks by 21.2% during the second quarter. Sei Investments Co. now owns 173,669 shares of the network equipment provider’s stock valued at $4,762,000 after purchasing an additional 30,361 shares during the period. South Texas Money Management Ltd. purchased a new stake in shares of Juniper Networks during the second quarter valued at $9,423,000. Standard Life Aberdeen plc boosted its stake in shares of Juniper Networks by 1.1% during the second quarter. Standard Life Aberdeen plc now owns 1,053,238 shares of the network equipment provider’s stock valued at $28,886,000 after purchasing an additional 11,802 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Juniper Networks by 43.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 17,126 shares of the network equipment provider’s stock valued at $470,000 after purchasing an additional 5,175 shares during the period. Finally, CIBC World Markets Inc. boosted its stake in shares of Juniper Networks by 151.1% during the second quarter. CIBC World Markets Inc. now owns 43,414 shares of the network equipment provider’s stock valued at $1,190,000 after purchasing an additional 26,122 shares during the period. 92.55% of the stock is owned by institutional investors.
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 completion of the transaction, the director now directly owns 5,531 shares in the company, valued at $155,974.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rami Rahim sold 5,300 shares of the company’s stock in a transaction dated Tuesday, August 7th. The shares were 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. Insiders sold 41,300 shares of company stock valued at $1,130,160 over the last quarter. 1.40% of the stock is currently owned by corporate insiders.
Juniper Networks (NYSE:JNPR) last announced its earnings results on Thursday, July 26th. The network equipment provider reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.04. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. Juniper Networks had a net margin of 3.70% and a return on equity of 10.83%. The firm’s revenue was down 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 earnings per share. sell-side analysts anticipate that Juniper Networks, Inc. will post 1.2 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 25th. Shareholders of record on Tuesday, September 4th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, August 31st. This represents a $0.72 dividend on an annualized basis and a yield of 2.52%. Juniper Networks’s dividend payout ratio is presently 41.62%.
JNPR has been the subject of a number of recent analyst reports. Credit Suisse Group set a $21.00 target price on shares of Juniper Networks and gave the company a “sell” rating in a research note on Wednesday, July 25th. Piper Jaffray Companies boosted their target price 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. Zacks Investment Research lowered shares of Juniper Networks from a “buy” rating to a “hold” rating in a research note on Wednesday, August 1st. Oppenheimer reissued a “buy” rating on shares of Juniper Networks in a research note on Tuesday, August 7th. Finally, UBS Group lowered shares of Juniper Networks from a “neutral” rating to a “sell” rating in a research note on Friday, June 15th. Seven analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus 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.
Further Reading: Diversification in Investing
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