Afam Capital Inc. acquired a new position in Juniper Networks, Inc. (NYSE:JNPR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,604 shares of the network equipment provider’s stock, valued at approximately $434,000.
Several other institutional investors have also added to or reduced their stakes in JNPR. Fuller & Thaler Asset Management Inc. acquired a new position in Juniper Networks during the 3rd quarter worth $111,000. Acrospire Investment Management LLC grew its holdings in Juniper Networks by 4.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 4,890 shares of the network equipment provider’s stock worth $136,000 after acquiring an additional 201 shares in the last quarter. Stevens First Principles Investment Advisors grew its holdings in Juniper Networks by 40.9% during the 3rd quarter. Stevens First Principles Investment Advisors now owns 7,045 shares of the network equipment provider’s stock worth $196,000 after acquiring an additional 2,045 shares in the last quarter. Petrus Trust Company LTA acquired a new position in Juniper Networks during the 2nd quarter worth $204,000. Finally, Synovus Financial Corp grew its holdings in Juniper Networks by 1.9% during the 2nd quarter. Synovus Financial Corp now owns 7,462 shares of the network equipment provider’s stock worth $208,000 after acquiring an additional 139 shares in the last quarter. 90.94% of the stock is owned by institutional investors.
In related news, Director Rahul N. Merchant purchased 2,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were bought at an average cost of $24.48 per share, for a total transaction of $48,960.00. Following the transaction, the director now owns 22,543 shares of the company’s stock, valued at $551,852.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rami Rahim sold 5,400 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $26.35, for a total transaction of $142,290.00. Following the sale, the chief executive officer now owns 469,607 shares in the company, valued at $12,374,144.45. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.
Several research analysts have weighed in on the stock. ValuEngine raised shares of Juniper Networks from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. Robert W. Baird reissued a “hold” rating and set a $26.00 price objective on shares of Juniper Networks in a report on Thursday, November 30th. BidaskClub upgraded shares of Juniper Networks from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Jefferies Group restated a “hold” rating and issued a $30.25 price target on shares of Juniper Networks in a research report on Tuesday, October 3rd. Finally, Raymond James Financial set a $31.00 price target on shares of Juniper Networks and gave the stock a “buy” rating in a research report on Thursday, December 7th. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $29.25.
Shares of Juniper Networks, Inc. (NYSE:JNPR) traded up $0.53 during trading hours on Wednesday, reaching $28.92. 6,974,800 shares of the company traded hands, compared to its average volume of 5,258,411. The company has a market cap of $10,644.21, a P/E ratio of 15.60, a PEG ratio of 2.64 and a beta of 1.10. Juniper Networks, Inc. has a 12-month low of $23.87 and a 12-month high of $30.96. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.70 and a current ratio of 2.70.
Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.03). The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. Juniper Networks had a net margin of 12.77% and a return on equity of 13.81%. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.58 earnings per share. sell-side analysts anticipate that Juniper Networks, Inc. will post 1.7 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be given a $0.10 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.40 annualized dividend and a yield of 1.38%. Juniper Networks’s dividend payout ratio is presently 23.26%.
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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