Two Sigma Investments LP raised its position in Juniper Networks, Inc. (NYSE:JNPR) by 210.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,271,697 shares of the network equipment provider’s stock after purchasing an additional 861,500 shares during the period. Two Sigma Investments LP owned approximately 0.34% of Juniper Networks worth $36,243,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of JNPR. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Juniper Networks during the third quarter worth $111,000. Cerebellum GP LLC bought a new position in Juniper Networks in the fourth quarter valued at $128,000. Exane Derivatives grew its position in Juniper Networks by 278.1% in the fourth quarter. Exane Derivatives now owns 5,633 shares of the network equipment provider’s stock valued at $161,000 after purchasing an additional 4,143 shares in the last quarter. Balter Liquid Alternatives LLC bought a new position in Juniper Networks in the fourth quarter valued at $163,000. Finally, Wetherby Asset Management Inc. bought a new position in Juniper Networks in the fourth quarter valued at $209,000. 95.58% of the stock is owned by hedge funds and other institutional investors.
In related news, VP Terrance F. Spidell sold 8,409 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $26.47, for a total transaction of $222,586.23. Following the transaction, the vice president now directly owns 3,944 shares of the company’s stock, valued at $104,397.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Rami Rahim sold 10,800 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $26.27, for a total transaction of $283,716.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,813 shares of company stock worth $1,124,709. 2.60% of the stock is owned by insiders.
Shares of Juniper Networks, Inc. (NYSE:JNPR) opened at $26.41 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.41 and a current ratio of 2.41. The stock has a market cap of $9,054.55, a PE ratio of 15.05, a PEG ratio of 3.06 and a beta of 0.87. Juniper Networks, Inc. has a 12 month low of $23.87 and a 12 month high of $30.96.
Juniper Networks (NYSE:JNPR) last posted its earnings results on Tuesday, January 30th. The network equipment provider reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The company 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 quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.66 EPS. research analysts forecast that Juniper Networks, Inc. will post 1.34 earnings per share for the current year.
Juniper Networks declared that its board has approved a share repurchase program on Tuesday, January 30th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the network equipment provider to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 1st will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.73%. This is a positive change from Juniper Networks’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, February 28th. Juniper Networks’s dividend payout ratio (DPR) is currently 88.89%.
Juniper Networks 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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