Tredje AP fonden grew its position in Juniper Networks, Inc. (NYSE:JNPR) by 7.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 58,116 shares of the network equipment provider’s stock after buying an additional 3,870 shares during the period. Tredje AP fonden’s holdings in Juniper Networks were worth $1,617,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of JNPR. Commerzbank Aktiengesellschaft FI grew its stake in Juniper Networks by 8.5% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 57,347 shares of the network equipment provider’s stock valued at $1,596,000 after buying an additional 4,503 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Juniper Networks by 4.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,030,107 shares of the network equipment provider’s stock valued at $139,983,000 after buying an additional 191,951 shares during the last quarter. Hillsdale Investment Management Inc. grew its stake in Juniper Networks by 18.6% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 12,750 shares of the network equipment provider’s stock valued at $355,000 after buying an additional 2,000 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Juniper Networks by 14.5% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 2,309,845 shares of the network equipment provider’s stock worth $64,283,000 after purchasing an additional 292,714 shares in the last quarter. Finally, Barings LLC grew its position in shares of Juniper Networks by 68.8% during the 3rd quarter. Barings LLC now owns 95,937 shares of the network equipment provider’s stock worth $2,670,000 after purchasing an additional 39,100 shares in the last quarter. 90.94% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Rahul N. Merchant bought 2,000 shares of the stock in a transaction on Wednesday, November 8th. The shares were acquired at an average price of $24.48 per share, for a total transaction of $48,960.00. Following the purchase, the director now owns 22,543 shares of the company’s stock, valued at $551,852.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Rami Rahim sold 16,100 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $26.24, for a total transaction of $422,464.00. Following the transaction, the chief executive officer now owns 469,607 shares in the company, valued at approximately $12,322,487.68. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.
Shares of Juniper Networks, Inc. (NYSE:JNPR) opened at $28.42 on Friday. Juniper Networks, Inc. has a 1-year low of $23.87 and a 1-year high of $30.96. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.41. The company has a market cap of $10,810.00, a price-to-earnings ratio of 15.36, a P/E/G ratio of 2.60 and a beta of 1.10.
Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.03). The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Juniper Networks had a net margin of 12.77% and a return on equity of 13.81%. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.58 earnings per share. equities analysts anticipate that Juniper Networks, Inc. will post 1.7 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Thursday, November 30th. Juniper Networks’s payout ratio is currently 23.95%.
A number of analysts have recently weighed in on JNPR shares. ValuEngine raised shares of Juniper Networks from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. Robert W. Baird reissued a “hold” rating and issued a $26.00 price objective on shares of Juniper Networks in a research note on Thursday, November 30th. BidaskClub raised shares of Juniper Networks from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Jefferies Group reaffirmed a “hold” rating and set a $30.25 price target on shares of Juniper Networks in a research note on Tuesday, October 3rd. Finally, Zacks Investment Research downgraded shares of Juniper Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $29.42.
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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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