Tibra Equities Europe Ltd purchased a new position in shares of Juniper Networks, Inc. (NYSE:JNPR) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 48,100 shares of the network equipment provider’s stock, valued at approximately $1,190,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. CKW Financial Group raised its stake in Juniper Networks by 20.0% during the second quarter. CKW Financial Group now owns 2,400 shares of the network equipment provider’s stock valued at $64,000 after buying an additional 400 shares during the last quarter. CSat Investment Advisory L.P. raised its stake in shares of Juniper Networks by 33.7% in the second quarter. CSat Investment Advisory L.P. now owns 1,679 shares of the network equipment provider’s stock worth $45,000 after purchasing an additional 423 shares during the last quarter. World Asset Management Inc grew its holdings in shares of Juniper Networks by 1.7% in the second quarter. World Asset Management Inc now owns 27,147 shares of the network equipment provider’s stock worth $723,000 after acquiring an additional 466 shares during the period. Advisor Group Inc. grew its holdings in shares of Juniper Networks by 1.7% in the second quarter. Advisor Group Inc. now owns 33,470 shares of the network equipment provider’s stock worth $893,000 after acquiring an additional 568 shares during the period. Finally, Washington Trust Bank grew its holdings in shares of Juniper Networks by 5.4% in the third quarter. Washington Trust Bank now owns 11,831 shares of the network equipment provider’s stock worth $293,000 after acquiring an additional 606 shares during the period. Institutional investors and hedge funds own 90.41% of the company’s stock.
Shares of NYSE JNPR traded up $0.21 during mid-day trading on Friday, reaching $25.96. The company’s stock had a trading volume of 160,135 shares, compared to its average volume of 3,354,389. The firm has a market capitalization of $8.76 billion, a PE ratio of 19.07, a P/E/G ratio of 3.52 and a beta of 0.99. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.24 and a quick ratio of 2.13. The stock has a fifty day moving average of $24.30 and a two-hundred day moving average of $25.47. Juniper Networks, Inc. has a 52 week low of $22.42 and a 52 week high of $30.80.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings data on Thursday, October 24th. The network equipment provider reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.15 billion. Juniper Networks had a return on equity of 9.54% and a net margin of 8.35%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.54 earnings per share. Analysts anticipate that Juniper Networks, Inc. will post 1.23 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Friday, November 29th. Juniper Networks’s dividend payout ratio (DPR) is 55.88%.
Juniper Networks announced that its board has approved a share repurchase program on Thursday, October 24th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the network equipment provider to repurchase up to 11.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
Several brokerages recently commented on JNPR. Oppenheimer set a $29.00 price objective on Juniper Networks and gave the stock a “buy” rating in a report on Friday, October 25th. Rosenblatt Securities set a $25.00 price objective on Juniper Networks and gave the stock a “hold” rating in a report on Tuesday, October 15th. ValuEngine raised Juniper Networks from a “hold” rating to a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. raised Juniper Networks from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $25.00 to $27.00 in a report on Tuesday, October 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Juniper Networks in a report on Friday, October 25th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Juniper Networks has an average rating of “Hold” and an average price target of $26.13.
In related news, SVP Brian Martin sold 44,154 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $25.72, for a total value of $1,135,640.88. Following the sale, the senior vice president now directly owns 42,746 shares in the company, valued at $1,099,427.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Bikash Koley sold 32,059 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $24.74, for a total value of $793,139.66. Following the completion of the sale, the executive vice president now owns 59,375 shares in the company, valued at $1,468,937.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 93,213 shares of company stock valued at $2,344,691. Corporate insiders own 1.10% of the company’s stock.
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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