AMP Capital Investors Ltd cut its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 2.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 229,147 shares of the network equipment provider’s stock after selling 4,572 shares during the period. AMP Capital Investors Ltd owned approximately 0.07% of Juniper Networks worth $6,806,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the stock. PNC Financial Services Group Inc. boosted its holdings in Juniper Networks by 4.4% in the third quarter. PNC Financial Services Group Inc. now owns 40,820 shares of the network equipment provider’s stock worth $1,223,000 after purchasing an additional 1,715 shares in the last quarter. Penserra Capital Management LLC boosted its holdings in Juniper Networks by 16.5% in the third quarter. Penserra Capital Management LLC now owns 14,444 shares of the network equipment provider’s stock worth $432,000 after purchasing an additional 2,041 shares in the last quarter. Insight 2811 Inc. boosted its holdings in Juniper Networks by 6.3% in the second quarter. Insight 2811 Inc. now owns 35,370 shares of the network equipment provider’s stock worth $970,000 after purchasing an additional 2,100 shares in the last quarter. State Treasurer State of Michigan boosted its holdings in Juniper Networks by 2.2% in the second quarter. State Treasurer State of Michigan now owns 103,396 shares of the network equipment provider’s stock worth $2,835,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in Juniper Networks by 1.0% during the third quarter. Arizona State Retirement System now owns 226,298 shares of the network equipment provider’s stock valued at $6,782,000 after acquiring an additional 2,239 shares during the period. Hedge funds and other institutional investors own 91.80% of the company’s stock.
In related news, CEO Rami Rahim sold 5,400 shares of the stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $30.44, for a total value of $164,376.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William Stensrud sold 10,000 shares of the stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $30.42, for a total transaction of $304,200.00. Following the completion of the transaction, the director now directly owns 5,531 shares of the company’s stock, valued at approximately $168,253.02. The disclosure for this sale can be found here. Insiders have sold 133,839 shares of company stock valued at $3,987,726 in the last ninety days. 2.60% of the stock is owned by company insiders.
Shares of JNPR opened at $27.66 on Friday. The stock has a market cap of $9.80 billion, a PE ratio of 15.99, a P/E/G ratio of 3.89 and a beta of 0.84. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.47 and a quick ratio of 2.47. Juniper Networks, Inc. has a 52 week low of $23.61 and a 52 week high of $30.80.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Tuesday, October 23rd. The network equipment provider reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.10. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 earnings per share. Equities analysts predict that Juniper Networks, Inc. will post 1.32 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Wednesday, December 5th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Tuesday, December 4th. Juniper Networks’s dividend payout ratio is currently 41.62%.
JNPR has been the subject of a number of recent analyst reports. TheStreet upgraded shares of Juniper Networks from a “c+” rating to a “b-” rating in a report on Thursday, September 20th. Zacks Investment Research upgraded shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Wednesday, September 26th. ValuEngine upgraded shares of Juniper Networks from a “hold” rating to a “buy” rating in a report on Saturday, September 22nd. Nomura upgraded shares of Juniper Networks from a “neutral” rating to a “buy” rating and upped their price target for the company from $28.00 to $34.00 in a report on Wednesday, September 19th. Finally, Oppenheimer set a $33.00 price target on shares of Juniper Networks and gave the company a “buy” rating in a report on Tuesday, October 23rd. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $27.95.
Juniper Networks Company 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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