Juniper Networks Inc. (JNPR) Position Raised by Chevy Chase Trust Holdings Inc.
Chevy Chase Trust Holdings Inc. boosted its position in shares of Juniper Networks Inc. (NYSE:JNPR) by 5.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 320,220 shares of the network equipment provider’s stock after buying an additional 17,768 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.08% of Juniper Networks worth $7,705,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Advisor Group Inc. bought a new stake in Juniper Networks during the second quarter worth about $121,000. Global X Management Co. LLC increased its stake in Juniper Networks by 62.2% in the second quarter. Global X Management Co. LLC now owns 5,742 shares of the network equipment provider’s stock worth $129,000 after buying an additional 2,201 shares during the last quarter. Creative Planning increased its stake in Juniper Networks by 24.1% in the second quarter. Creative Planning now owns 6,490 shares of the network equipment provider’s stock worth $146,000 after buying an additional 1,262 shares during the last quarter. Societe Generale bought a new stake in Juniper Networks during the second quarter worth about $157,000. Finally, Conning Inc. increased its stake in Juniper Networks by 2.3% in the second quarter. Conning Inc. now owns 9,767 shares of the network equipment provider’s stock worth $220,000 after buying an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.
Shares of Juniper Networks Inc. (NYSE:JNPR) traded up 2.05% during midday trading on Tuesday, hitting $26.92. 2,849,562 shares of the stock were exchanged. Juniper Networks Inc. has a 12-month low of $21.18 and a 12-month high of $30.55. The firm has a market cap of $10.24 billion, a P/E ratio of 17.44 and a beta of 1.24. The stock’s 50 day moving average is $25.00 and its 200 day moving average is $23.61.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings results on Tuesday, October 25th. The network equipment provider reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.06. Juniper Networks had a net margin of 12.22% and a return on equity of 13.47%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $626.94 million. During the same quarter in the prior year, the business posted $0.57 EPS. Juniper Networks’s quarterly revenue was up 2.9% on a year-over-year basis. On average, equities research analysts forecast that Juniper Networks Inc. will post $2.07 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 22nd. Stockholders of record on Thursday, December 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 1.51%. Juniper Networks’s dividend payout ratio (DPR) is 25.81%.
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A number of equities research analysts have recently issued reports on the stock. Robert W. Baird reiterated a “hold” rating on shares of Juniper Networks in a research report on Wednesday, October 26th. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of Juniper Networks in a research report on Tuesday, November 22nd. Stifel Nicolaus reiterated a “buy” rating and set a $33.00 price target on shares of Juniper Networks in a research report on Friday, November 18th. Drexel Hamilton reiterated a “buy” rating and set a $36.00 price target on shares of Juniper Networks in a research report on Wednesday, August 3rd. Finally, FBN Securities reiterated a “sector perform” rating and set a $28.00 price target (up from $25.00) on shares of Juniper Networks in a research report on Saturday, October 29th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $27.68.
In related news, EVP Jonathan Davidson sold 54,870 shares of the firm’s stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of $23.34, for a total value of $1,280,665.80. Following the transaction, the executive vice president now directly owns 60,050 shares in the company, valued at approximately $1,401,567. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Vincent Molinaro sold 47,859 shares of the firm’s stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $26.00, for a total transaction of $1,244,334.00. Following the completion of the transaction, the executive vice president now owns 15,957 shares in the company, valued at $414,882. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.
About Juniper Networks
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, Middle East, and Africa (EMEA), and Asia Pacific (APAC).
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