Schroder Investment Management Group raised its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 521.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,485,700 shares of the network equipment provider’s stock after acquiring an additional 1,246,500 shares during the quarter. Schroder Investment Management Group owned approximately 0.40% of Juniper Networks worth $42,342,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC grew its stake in Juniper Networks by 33.6% during the 3rd quarter. Janus Henderson Group PLC now owns 96,800 shares of the network equipment provider’s stock valued at $2,694,000 after acquiring an additional 24,348 shares in the last quarter. Regentatlantic Capital LLC grew its stake in Juniper Networks by 144.0% during the 3rd quarter. Regentatlantic Capital LLC now owns 27,584 shares of the network equipment provider’s stock valued at $768,000 after acquiring an additional 16,280 shares in the last quarter. Prudential Financial Inc. grew its stake in Juniper Networks by 17.5% during the 3rd quarter. Prudential Financial Inc. now owns 3,965,653 shares of the network equipment provider’s stock valued at $110,364,000 after acquiring an additional 591,348 shares in the last quarter. Candriam Luxembourg S.C.A. grew its stake in Juniper Networks by 23.9% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 1,135,469 shares of the network equipment provider’s stock valued at $31,600,000 after acquiring an additional 219,275 shares in the last quarter. Finally, Boston Advisors LLC grew its stake in Juniper Networks by 14.1% during the 3rd quarter. Boston Advisors LLC now owns 389,130 shares of the network equipment provider’s stock valued at $10,829,000 after acquiring an additional 48,110 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors.
Shares of Juniper Networks, Inc. (JNPR) opened at $26.23 on Wednesday. Juniper Networks, Inc. has a 1-year low of $23.87 and a 1-year high of $30.96. The company has a quick ratio of 2.70, a current ratio of 2.41 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $9,879.36, a P/E ratio of 15.06, a P/E/G ratio of 3.06 and a beta of 0.89.
Juniper Networks (NYSE:JNPR) last posted its earnings results on Tuesday, January 30th. The network equipment provider reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.01. Juniper Networks had a return on equity of 13.34% and a net margin of 6.26%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the company earned $0.66 EPS. The company’s revenue for the quarter was down 10.5% on a year-over-year basis. analysts predict that Juniper Networks, Inc. will post 1.34 earnings per share for the current year.
Juniper Networks announced that its board has authorized a stock buyback program on Tuesday, January 30th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the network equipment provider to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 1st will be issued a $0.18 dividend. This is a positive change from Juniper Networks’s previous quarterly dividend of $0.10. This represents a $0.72 annualized dividend and a yield of 2.74%. The ex-dividend date is Wednesday, February 28th. Juniper Networks’s payout ratio is 49.38%.
Several equities analysts have weighed in on the company. BMO Capital Markets reaffirmed a “buy” rating and set a $29.00 target price on shares of Juniper Networks in a research note on Sunday, February 11th. TheStreet cut Juniper Networks from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. Goldman Sachs Group assumed coverage on Juniper Networks in a research note on Wednesday, February 7th. They set a “neutral” rating and a $26.00 target price on the stock. ValuEngine cut Juniper Networks from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Barclays lowered their target price on Juniper Networks from $25.00 to $23.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 31st. Five equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $28.61.
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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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