Meeder Asset Management Inc. lowered its position in Juniper Networks, Inc. (NYSE:JNPR) by 51.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,615 shares of the network equipment provider’s stock after selling 12,148 shares during the period. Meeder Asset Management Inc.’s holdings in Juniper Networks were worth $331,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in JNPR. Janus Henderson Group PLC lifted its position in shares of Juniper Networks by 33.6% during the 3rd quarter. Janus Henderson Group PLC now owns 96,800 shares of the network equipment provider’s stock valued at $2,694,000 after acquiring an additional 24,348 shares during the period. Regentatlantic Capital LLC lifted its position in shares of Juniper Networks by 144.0% during the 3rd quarter. Regentatlantic Capital LLC now owns 27,584 shares of the network equipment provider’s stock valued at $768,000 after acquiring an additional 16,280 shares during the period. Prudential Financial Inc. lifted its position in shares of Juniper Networks by 17.5% during the 3rd quarter. Prudential Financial Inc. now owns 3,965,653 shares of the network equipment provider’s stock valued at $110,364,000 after acquiring an additional 591,348 shares during the period. Candriam Luxembourg S.C.A. lifted its position in shares of Juniper Networks by 23.9% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 1,135,469 shares of the network equipment provider’s stock valued at $31,600,000 after acquiring an additional 219,275 shares during the period. Finally, Boston Advisors LLC lifted its position in shares of Juniper Networks by 14.1% during the 3rd quarter. Boston Advisors LLC now owns 389,130 shares of the network equipment provider’s stock valued at $10,829,000 after acquiring an additional 48,110 shares during the period. Hedge funds and other institutional investors own 90.01% of the company’s stock.
In other Juniper Networks news, CEO Rami Rahim sold 5,400 shares of Juniper Networks stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $26.35, for a total value of $142,290.00. Following the completion of the sale, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at approximately $12,374,144.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by insiders.
A number of equities research analysts have recently issued reports on the stock. TheStreet downgraded shares of Juniper Networks from a “b” rating to a “c+” rating in a research report on Thursday. Goldman Sachs Group assumed coverage on shares of Juniper Networks in a research report on Wednesday. They set a “neutral” rating and a $26.00 price target for the company. ValuEngine downgraded shares of Juniper Networks from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Barclays reduced their price target on shares of Juniper Networks from $25.00 to $23.00 and set an “underweight” rating for the company in a research report on Wednesday, January 31st. Finally, Robert W. Baird restated a “hold” rating and set a $26.00 price objective on shares of Juniper Networks in a research report on Wednesday, January 31st. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $28.69.
Shares of Juniper Networks, Inc. (NYSE JNPR) opened at $25.44 on Friday. The company has a market cap of $9,538.17, a P/E ratio of 14.54, a price-to-earnings-growth ratio of 2.95 and a beta of 0.89. The company has a quick ratio of 2.70, a current ratio of 2.41 and a debt-to-equity ratio of 0.46. Juniper Networks, Inc. has a 12 month low of $23.87 and a 12 month high of $30.96.
Juniper Networks (NYSE:JNPR) last released its earnings results on Tuesday, January 30th. The network equipment provider reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Juniper Networks had a net margin of 6.26% and a return on equity of 13.34%. Juniper Networks’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.66 EPS. equities analysts anticipate that Juniper Networks, Inc. will post 1.34 earnings per share for the current fiscal year.
Juniper Networks announced that its Board of Directors has initiated a stock buyback plan on Tuesday, January 30th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the network equipment provider to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 1st will be paid a $0.18 dividend. This is a boost from Juniper Networks’s previous quarterly dividend of $0.10. This represents a $0.72 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Wednesday, February 28th. Juniper Networks’s payout ratio is presently 49.38%.
COPYRIGHT VIOLATION NOTICE: “Juniper Networks, Inc. (JNPR) Position Reduced by Meeder Asset Management Inc.” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another publication, it was illegally copied and republished in violation of US & international trademark & copyright law. The original version of this story can be read at https://ledgergazette.com/2018/02/11/juniper-networks-inc-jnpr-position-reduced-by-meeder-asset-management-inc.html.
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.
Want to see what other hedge funds are holding JNPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Juniper Networks, Inc. (NYSE:JNPR).
Receive News & Ratings for Juniper Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Juniper Networks and related companies with MarketBeat.com's FREE daily email newsletter.