Occidental Asset Management LLC Increases Stake in Juniper Networks, Inc. (NYSE:JNPR)
Occidental Asset Management LLC raised its position in Juniper Networks, Inc. (NYSE:JNPR) by 75.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 22,320 shares of the network equipment provider’s stock after purchasing an additional 9,619 shares during the period. Occidental Asset Management LLC’s holdings in Juniper Networks were worth $594,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Rational Advisors LLC lifted its holdings in Juniper Networks by 1,800.8% in the 1st quarter. Rational Advisors LLC now owns 2,262 shares of the network equipment provider’s stock valued at $60,000 after purchasing an additional 2,143 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Juniper Networks by 9.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 30,596 shares of the network equipment provider’s stock worth $810,000 after acquiring an additional 2,574 shares during the period. Norinchukin Bank The raised its holdings in shares of Juniper Networks by 4.2% during the 1st quarter. Norinchukin Bank The now owns 69,437 shares of the network equipment provider’s stock worth $1,838,000 after acquiring an additional 2,810 shares during the period. Horrell Capital Management Inc. raised its holdings in shares of Juniper Networks by 14.8% during the 1st quarter. Horrell Capital Management Inc. now owns 140,000 shares of the network equipment provider’s stock worth $3,706,000 after acquiring an additional 18,000 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in shares of Juniper Networks by 22.9% during the 1st quarter. Acadian Asset Management LLC now owns 512,414 shares of the network equipment provider’s stock worth $13,562,000 after acquiring an additional 95,390 shares during the period. Institutional investors own 90.19% of the company’s stock.
In other Juniper Networks news, Director Rahul N. Merchant sold 2,500 shares of Juniper Networks stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $27.06, for a total value of $67,650.00. Following the completion of the transaction, the director now directly owns 37,370 shares of the company’s stock, valued at approximately $1,011,232.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Kenneth Bradley Miller sold 7,000 shares of Juniper Networks stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $27.02, for a total value of $189,140.00. Following the completion of the transaction, the chief financial officer now directly owns 77,333 shares of the company’s stock, valued at $2,089,537.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,500 shares of company stock valued at $497,990. 1.10% of the stock is currently owned by corporate insiders.
Shares of NYSE:JNPR traded down $0.77 during midday trading on Thursday, reaching $23.45. 143,443 shares of the company’s stock were exchanged, compared to its average volume of 3,203,554. The company has a market capitalization of $8.68 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 3.21 and a beta of 0.92. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average price of $26.51. Juniper Networks, Inc. has a fifty-two week low of $24.17 and a fifty-two week high of $30.80.
Juniper Networks (NYSE:JNPR) last released its earnings results on Thursday, July 25th. The network equipment provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.06). The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. Juniper Networks had a net margin of 11.05% and a return on equity of 10.00%. The business’s revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 earnings per share. On average, analysts expect that Juniper Networks, Inc. will post 1.26 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.24%. The ex-dividend date is Tuesday, September 3rd. Juniper Networks’s dividend payout ratio is currently 55.88%.
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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