Profund Advisors LLC raised its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 19.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 99,561 shares of the network equipment provider’s stock after acquiring an additional 16,194 shares during the period. Profund Advisors LLC’s holdings in Juniper Networks were worth $2,776,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the business. Fox Run Management L.L.C. bought a new stake in shares of Juniper Networks in the 2nd quarter valued at $719,000. NN Investment Partners Holdings N.V. increased its position in shares of Juniper Networks by 47.3% in the 2nd 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 buying an additional 152,412 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Juniper Networks by 2.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 102,505 shares of the network equipment provider’s stock valued at $2,858,000 after buying an additional 2,400 shares in the last quarter. Pacad Investment Ltd. increased its position in shares of Juniper Networks by 69.2% in the 2nd quarter. Pacad Investment Ltd. now owns 79,199 shares of the network equipment provider’s stock valued at $2,208,000 after buying an additional 32,399 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Juniper Networks by 503.1% in the 2nd 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 buying an additional 234,955 shares in the last quarter. Institutional investors own 90.16% of the company’s stock.
In other Juniper Networks news, EVP Vincent Molinaro sold 5,031 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $30.00, for a total value of $150,930.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Terrance F. Spidell sold 3,313 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $27.69, for a total transaction of $91,736.97. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,044 shares of company stock worth $974,774. Corporate insiders own 3.40% of the company’s stock.
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JNPR has been the subject of a number of recent analyst reports. TheStreet cut shares of Juniper Networks from a “b” rating to a “c+” rating in a research report on Thursday, June 29th. Drexel Hamilton restated a “buy” rating and issued a $37.00 price objective on shares of Juniper Networks in a research report on Thursday, July 20th. BidaskClub cut shares of Juniper Networks from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Raymond James Financial, Inc. upgraded shares of Juniper Networks from a “market perform” rating to an “outperform” rating and set a $34.00 price objective for the company in a research report on Friday, July 21st. Finally, Pacific Crest initiated coverage on shares of Juniper Networks in a research report on Monday, June 5th. They issued a “sector weight” rating and a $31.00 price objective for the company. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $30.94.
Shares of Juniper Networks, Inc. (JNPR) traded up 0.87% during midday trading on Friday, reaching $27.80. 7,151,611 shares of the company traded hands. The company has a 50-day moving average of $27.62 and a 200 day moving average of $28.50. Juniper Networks, Inc. has a 12-month low of $22.41 and a 12-month high of $30.96. The firm has a market capitalization of $10.57 billion, a PE ratio of 16.64 and a beta of 1.08.
Juniper Networks (NYSE:JNPR) last released its earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Juniper Networks had a net margin of 12.66% and a return on equity of 14.13%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the company 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 business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Wednesday, August 30th. Juniper Networks’s payout ratio is 23.39%.
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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