Tredje AP fonden Raises Stake in Juniper Networks, Inc. (JNPR)
Tredje AP fonden boosted its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 0.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,874 shares of the network equipment provider’s stock after buying an additional 74 shares during the period. Tredje AP fonden’s holdings in Juniper Networks were worth $553,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. FIL Ltd boosted its stake in Juniper Networks by 10.5% in the fourth quarter. FIL Ltd now owns 10,419,538 shares of the network equipment provider’s stock worth $294,456,000 after buying an additional 989,257 shares during the last quarter. Diamond Hill Capital Management Inc. raised its stake in Juniper Networks by 7.8% in the first quarter. Diamond Hill Capital Management Inc. now owns 8,129,305 shares of the network equipment provider’s stock worth $226,239,000 after buying an additional 591,278 shares during the last quarter. Dodge & Cox acquired a new stake in Juniper Networks during the fourth quarter worth $179,904,000. First Trust Advisors LP raised its stake in Juniper Networks by 7.0% in the first quarter. First Trust Advisors LP now owns 5,821,751 shares of the network equipment provider’s stock worth $162,019,000 after buying an additional 381,281 shares during the last quarter. Finally, Norges Bank acquired a new stake in Juniper Networks during the fourth quarter worth $133,013,000. Institutional investors and hedge funds own 89.48% of the company’s stock.
Shares of Juniper Networks, Inc. (NYSE:JNPR) traded down 0.364% on Friday, hitting $28.755. 984,914 shares of the stock traded hands. Juniper Networks, Inc. has a one year low of $21.18 and a one year high of $30.96. The company’s 50 day moving average is $29.86 and its 200 day moving average is $28.41. The stock has a market cap of $10.99 billion, a price-to-earnings ratio of 18.188 and a beta of 1.01.
Juniper Networks (NYSE:JNPR) last posted its earnings results on Tuesday, April 25th. The network equipment provider reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.03. Juniper Networks had a return on equity of 13.59% and a net margin of 12.10%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the company earned $0.37 EPS. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, equities analysts forecast that Juniper Networks, Inc. will post $2.23 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 22nd. Investors of record on Thursday, June 1st will be issued a $0.10 dividend. The ex-dividend date is Tuesday, May 30th. This represents a $0.40 annualized dividend and a yield of 1.39%. Juniper Networks’s dividend payout ratio (DPR) is currently 25.00%.
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Several analysts recently commented on the stock. KeyCorp assumed coverage on shares of Juniper Networks in a research report on Monday, June 5th. They set a “hold” rating and a $31.00 price target on the stock. BMO Capital Markets reissued a “hold” rating and issued a $31.00 price target on shares of Juniper Networks in a research note on Wednesday, April 26th. ValuEngine raised shares of Juniper Networks from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Royal Bank of Canada reaffirmed a “hold” rating and set a $30.00 target price (up from $27.00) on shares of Juniper Networks in a research note on Wednesday, April 26th. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $30.00 target price on shares of Juniper Networks in a research note on Saturday, March 11th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $30.06.
In other news, VP Terrance F. Spidell sold 10,600 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $29.47, for a total transaction of $312,382.00. Following the completion of the transaction, the vice president now directly owns 10,600 shares in the company, valued at $312,382. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Rami Rahim sold 10,700 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $30.64, for a total value of $327,848.00. Following the transaction, the chief executive officer now owns 469,607 shares of the company’s stock, valued at $14,388,758.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 188,892 shares of company stock valued at $5,728,423. Corporate 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, the Middle East and Africa, and Asia Pacific.
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