Toronto Dominion Bank boosted its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 11.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 144,335 shares of the network equipment provider’s stock after purchasing an additional 14,897 shares during the quarter. Toronto Dominion Bank’s holdings in Juniper Networks were worth $4,016,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in JNPR. Vanguard Group Inc. boosted its position in shares of Juniper Networks by 6.4% in the second quarter. Vanguard Group Inc. now owns 38,434,820 shares of the network equipment provider’s stock valued at $1,071,564,000 after acquiring an additional 2,314,683 shares during the period. Dodge & Cox boosted its position in shares of Juniper Networks by 0.4% in the second quarter. Dodge & Cox now owns 17,690,957 shares of the network equipment provider’s stock valued at $493,224,000 after acquiring an additional 74,877 shares during the period. Diamond Hill Capital Management Inc. boosted its position in shares of Juniper Networks by 12.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 12,764,160 shares of the network equipment provider’s stock valued at $355,227,000 after acquiring an additional 1,386,036 shares during the period. First Trust Advisors LP boosted its position in shares of Juniper Networks by 1.3% in the third quarter. First Trust Advisors LP now owns 7,215,837 shares of the network equipment provider’s stock valued at $200,817,000 after acquiring an additional 91,809 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of Juniper Networks by 197.7% in the second quarter. Renaissance Technologies LLC now owns 5,427,091 shares of the network equipment provider’s stock valued at $151,307,000 after acquiring an additional 3,604,200 shares during the period. 90.94% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently commented on the company. BMO Capital Markets restated a “buy” rating and issued a $34.00 target price on shares of Juniper Networks in a research note on Wednesday, August 23rd. ValuEngine upgraded Juniper Networks from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Barclays cut their target price on Juniper Networks from $32.00 to $28.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 25th. Needham & Company LLC restated a “hold” rating on shares of Juniper Networks in a research note on Thursday, October 12th. Finally, BidaskClub upgraded Juniper Networks from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $29.42.
In related news, CEO Rami Rahim sold 16,100 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $26.24, for a total value of $422,464.00. Following the transaction, the chief executive officer now owns 469,607 shares in the company, valued at $12,322,487.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Rahul N. Merchant purchased 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was purchased at an average price of $24.48 per share, for a total transaction of $48,960.00. Following the acquisition, the director now owns 22,543 shares of the company’s stock, valued at $551,852.64. The disclosure for this purchase can be found here. Company insiders own 2.60% of the company’s stock.
Shares of Juniper Networks, Inc. (JNPR) traded up $0.35 during trading hours on Wednesday, hitting $27.96. The stock had a trading volume of 4,316,027 shares, compared to its average volume of 5,271,817. Juniper Networks, Inc. has a 52 week low of $23.87 and a 52 week high of $30.96. The firm has a market capitalization of $10,482.99, a price-to-earnings ratio of 15.36, a PEG ratio of 2.22 and a beta of 1.10. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.70 and a current ratio of 2.70.
Juniper Networks (NYSE:JNPR) last announced its earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.03). Juniper Networks had a net margin of 12.77% and a return on equity of 13.81%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the business posted $0.58 earnings per share. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. analysts predict that Juniper Networks, Inc. will post 1.7 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.43%. Juniper Networks’s dividend payout ratio (DPR) is presently 23.26%.
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About Juniper Networks
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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