Great West Life Assurance Co. Can lessened its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 11.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 289,187 shares of the network equipment provider’s stock after selling 38,922 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.08% of Juniper Networks worth $8,670,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in JNPR. Piedmont Investment Advisors LLC bought a new stake in Juniper Networks during the 2nd quarter valued at $112,000. D.A. Davidson & CO. bought a new stake in Juniper Networks during the 3rd quarter valued at $218,000. Dean Capital Investments Management LLC bought a new stake in Juniper Networks during the 3rd quarter valued at $220,000. Advisor Partners LLC bought a new stake in Juniper Networks during the 3rd quarter valued at $226,000. Finally, Tower Research Capital LLC TRC boosted its position in 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 valued at $260,000 after acquiring an additional 4,386 shares in the last quarter. 91.80% of the stock is currently owned by institutional investors and hedge funds.
JNPR has been the subject of a number of recent analyst reports. TheStreet raised Juniper Networks from a “c+” rating to a “b-” rating in a research report on Thursday, September 20th. Zacks Investment Research raised Juniper Networks from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Wednesday, September 26th. ValuEngine raised Juniper Networks from a “hold” rating to a “buy” rating in a research report on Saturday, September 22nd. Nomura raised Juniper Networks from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $28.00 to $34.00 in a research report on Wednesday, September 19th. Finally, Oppenheimer set a $33.00 price objective on Juniper Networks and gave the stock a “buy” rating in a research report on Tuesday, October 23rd. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $27.95.
Shares of JNPR stock opened at $27.66 on Friday. The firm has a market capitalization of $9.81 billion, a P/E ratio of 21.85, a PEG ratio of 3.89 and a beta of 0.84. 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 1 year low of $23.61 and a 1 year high of $30.80.
Juniper Networks (NYSE:JNPR) last issued its earnings results on Tuesday, October 23rd. The network equipment provider reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.10. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. Juniper Networks had a return on equity of 10.42% and a net margin of 4.82%. The firm’s quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. Analysts forecast that Juniper Networks, Inc. will post 1.32 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 26th. Investors of record on Wednesday, December 5th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $0.72 dividend on an annualized basis and a yield of 2.60%. Juniper Networks’s dividend payout ratio (DPR) is 41.62%.
In related news, CEO Rami Rahim sold 5,400 shares of the firm’s stock in a transaction on Friday, November 9th. The stock was sold at an average price of $29.98, for a total value of $161,892.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anand Athreya sold 113,039 shares of the firm’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $29.70, for a total value of $3,357,258.30. The disclosure for this sale can be found here. Insiders sold a total of 133,839 shares of company stock valued at $3,987,726 in the last 90 days. 2.60% of the stock is currently owned by company insiders.
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About Juniper Networks
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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