Bridgeway Capital Management Inc. lessened its stake in Juniper Networks, Inc. (NYSE:JNPR) by 13.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,100 shares of the network equipment provider’s stock after selling 17,600 shares during the quarter. Bridgeway Capital Management Inc.’s holdings in Juniper Networks were worth $3,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JNPR. Piedmont Investment Advisors LLC acquired a new position in Juniper Networks during the 2nd quarter worth approximately $112,000. D.A. Davidson & CO. acquired a new stake in Juniper Networks during the 3rd quarter valued at $218,000. Dean Capital Investments Management LLC acquired a new stake in Juniper Networks during the 3rd quarter valued at $220,000. Advisor Partners LLC purchased a new position in shares of Juniper Networks during the 3rd quarter worth $226,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Juniper Networks by 86.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,486 shares of the network equipment provider’s stock worth $260,000 after purchasing an additional 4,386 shares during the period. Institutional investors own 91.87% of the company’s stock.
JNPR has been the topic of several research reports. Oppenheimer reaffirmed a “buy” rating on shares of Juniper Networks in a research report on Tuesday, August 7th. JPMorgan Chase & Co. restated a “sell” rating on shares of Juniper Networks in a research note on Tuesday, September 18th. Nomura upgraded Juniper Networks from a “neutral” rating to a “buy” rating and raised their target price for the company from $28.00 to $34.00 in a research note on Wednesday, September 19th. ValuEngine upgraded Juniper Networks from a “hold” rating to a “buy” rating in a research note on Saturday, September 22nd. Finally, TheStreet upgraded Juniper Networks from a “c+” rating to a “b-” rating in a research note on Thursday, September 20th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $28.10.
In related news, Director William Stensrud sold 10,000 shares of Juniper Networks stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $30.42, for a total transaction of $304,200.00. Following the sale, the director now directly owns 5,531 shares of the company’s stock, valued at approximately $168,253.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rami Rahim sold 5,400 shares of Juniper Networks stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $29.98, for a total transaction of $161,892.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 133,839 shares of company stock valued at $3,987,726. 2.60% of the stock is currently owned by corporate insiders.
Shares of JNPR stock opened at $28.71 on Monday. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.38. Juniper Networks, Inc. has a 12-month low of $23.61 and a 12-month high of $30.80. The firm has a market cap of $9.91 billion, a PE ratio of 16.60, a P/E/G ratio of 3.93 and a beta of 0.88.
Juniper Networks (NYSE:JNPR) last released its earnings results on Tuesday, October 23rd. The network equipment provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.10. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. Juniper Networks had a net margin of 4.82% and a return on equity of 10.42%. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.55 earnings per share. On average, research analysts anticipate that Juniper Networks, Inc. will post 1.32 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Wednesday, December 5th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Tuesday, December 4th. Juniper Networks’s dividend payout ratio is presently 41.62%.
Juniper Networks Profile
Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.
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