Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Juniper Networks, Inc. (NYSE:JNPR) by 34.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,059 shares of the network equipment provider’s stock after purchasing an additional 23,348 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Juniper Networks were worth $2,567,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently made changes to their positions in JNPR. Fox Run Management L.L.C. acquired a new stake in Juniper Networks in the 2nd quarter worth approximately $719,000. NN Investment Partners Holdings N.V. increased its position in shares of Juniper Networks by 47.3% during the second quarter. NN Investment Partners Holdings N.V. now owns 474,851 shares of the network equipment provider’s stock valued at $13,239,000 after purchasing an additional 152,412 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of Juniper Networks by 2.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 102,505 shares of the network equipment provider’s stock valued at $2,858,000 after purchasing an additional 2,400 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of Juniper Networks by 503.1% during the second quarter. Robeco Institutional Asset Management B.V. now owns 281,655 shares of the network equipment provider’s stock valued at $7,850,000 after purchasing an additional 234,955 shares during the period. Finally, Norinchukin Bank The increased its position in shares of Juniper Networks by 7.6% during the first quarter. Norinchukin Bank The now owns 24,823 shares of the network equipment provider’s stock valued at $691,000 after purchasing an additional 1,751 shares during the period. Institutional investors and hedge funds own 90.16% of the company’s stock.
Juniper Networks, Inc. (NYSE JNPR) opened at 27.80 on Friday. Juniper Networks, Inc. has a 52 week low of $22.41 and a 52 week high of $30.96. The stock has a 50 day moving average price of $27.62 and a 200 day moving average price of $28.50. The company has a market cap of $10.57 billion, a price-to-earnings ratio of 16.64 and a beta of 1.08.
Juniper Networks (NYSE:JNPR) last posted its earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. Juniper Networks’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the firm earned $0.50 earnings per share. On average, equities analysts forecast that Juniper Networks, Inc. will post $2.24 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.44%. Juniper Networks’s payout ratio is presently 23.39%.
A number of analysts have weighed in on the company. Zacks Investment Research upgraded Juniper Networks from a “hold” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a research report on Wednesday, August 16th. Pacific Crest started coverage on Juniper Networks in a report on Monday, June 5th. They set a “sector weight” rating and a $31.00 target price on the stock. BidaskClub cut Juniper Networks from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Drexel Hamilton restated a “buy” rating and set a $37.00 target price on shares of Juniper Networks in a report on Thursday, July 20th. Finally, UBS AG restated a “neutral” rating and set a $30.00 target price (up previously from $28.00) on shares of Juniper Networks in a report on Wednesday, July 26th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Juniper Networks presently has an average rating of “Hold” and an average target price of $30.94.
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In other Juniper Networks news, VP Terrance F. Spidell sold 3,313 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $27.69, for a total value of $91,736.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rami Rahim sold 5,400 shares of Juniper Networks stock in a transaction that occurred 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 transaction, the chief executive officer now owns 469,607 shares of the company’s stock, valued at $12,839,055.38. The disclosure for this sale can be found here. Insiders sold 35,044 shares of company stock worth $974,774 over the last three months. 3.40% of the stock is owned by insiders.
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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