Texas Permanent School Fund Decreases Stake in Juniper Networks, Inc. (JNPR)
Texas Permanent School Fund reduced its position in Juniper Networks, Inc. (NYSE:JNPR) by 2.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,608 shares of the network equipment provider’s stock after selling 2,323 shares during the period. Texas Permanent School Fund’s holdings in Juniper Networks were worth $3,106,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of JNPR. Capital Guardian Trust Co. increased its stake in Juniper Networks by 2.2% in the fourth quarter. Capital Guardian Trust Co. now owns 3,645 shares of the network equipment provider’s stock worth $103,000 after buying an additional 77 shares during the last quarter. Stevens First Principles Investment Advisors purchased a new stake in Juniper Networks during the third quarter worth $120,000. Ladenburg Thalmann Financial Services Inc. increased its stake in Juniper Networks by 173.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,517 shares of the network equipment provider’s stock worth $127,000 after buying an additional 2,868 shares during the last quarter. Acrospire Investment Management LLC increased its stake in Juniper Networks by 837.8% in the first quarter. Acrospire Investment Management LLC now owns 4,689 shares of the network equipment provider’s stock worth $130,000 after buying an additional 4,189 shares during the last quarter. Finally, SRB Corp increased its stake in Juniper Networks by 6.7% in the third quarter. SRB Corp now owns 6,681 shares of the network equipment provider’s stock worth $161,000 after buying an additional 419 shares during the last quarter. 89.48% of the stock is currently owned by institutional investors.
Juniper Networks, Inc. (JNPR) opened at 28.67 on Friday. The firm has a market capitalization of $10.95 billion, a PE ratio of 18.13 and a beta of 1.01. The company’s 50-day moving average price is $29.83 and its 200 day moving average price is $28.42. Juniper Networks, Inc. has a 12 month low of $21.17 and a 12 month high of $30.96.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Tuesday, April 25th. The network equipment provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. Juniper Networks had a return on equity of 13.59% and a net margin of 12.10%. The company’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 EPS. On average, equities research analysts predict that Juniper Networks, Inc. will post $2.23 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Thursday, June 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.40%. Juniper Networks’s dividend payout ratio (DPR) is currently 25.00%.
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JNPR has been the subject of a number of recent research reports. ValuEngine upgraded Juniper Networks from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Instinet restated a “buy” rating and set a $33.00 target price on shares of Juniper Networks in a research report on Thursday, April 6th. Berenberg Bank initiated coverage on Juniper Networks in a research report on Tuesday, April 4th. They set a “buy” rating and a $35.00 target price for the company. Goldman Sachs Group, Inc. (The) boosted their target price on Juniper Networks from $31.00 to $36.00 and gave the stock a “conviction-buy” rating in a research report on Monday, March 27th. Finally, Barclays PLC restated an “equal weight” rating on shares of Juniper Networks in a research report on Saturday, April 22nd. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $30.06.
In other news, VP Terrance F. Spidell sold 10,600 shares of the business’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 value of $312,382.00. Following the transaction, the vice president now owns 10,600 shares in the company, valued at approximately $312,382. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Pradeep Sindhu sold 76,900 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $30.55, for a total value of $2,349,295.00. Following the completion of the transaction, the director now owns 40,773 shares in the company, valued at approximately $1,245,615.15. The disclosure for this sale can be found here. Insiders have sold a total of 188,892 shares of company stock valued at $5,728,423 in the last quarter. Company 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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