Norinchukin Bank The Increases Position in Juniper Networks, Inc. (JNPR)
Norinchukin Bank The boosted its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 7.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,823 shares of the network equipment provider’s stock after buying an additional 1,751 shares during the period. Norinchukin Bank The’s holdings in Juniper Networks were worth $691,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Penserra Capital Management LLC boosted its stake in Juniper Networks by 13.5% in the third quarter. Penserra Capital Management LLC now owns 1,452,590 shares of the network equipment provider’s stock worth $34,948,000 after buying an additional 172,487 shares during the period. Stevens First Principles Investment Advisors acquired a new position in Juniper Networks during the third quarter valued at $120,000. First Trust Advisors LP raised its position in Juniper Networks by 9.6% in the third quarter. First Trust Advisors LP now owns 5,202,999 shares of the network equipment provider’s stock valued at $125,184,000 after buying an additional 456,038 shares during the period. Capital Investment Counsel Inc purchased a new position in shares of Juniper Networks during the third quarter valued at approximately $211,000. Finally, Leisure Capital Management boosted its position in shares of Juniper Networks by 0.5% in the third quarter. Leisure Capital Management now owns 24,828 shares of the network equipment provider’s stock valued at $597,000 after buying an additional 121 shares during the last quarter. Hedge funds and other institutional investors own 89.48% of the company’s stock.
Juniper Networks, Inc. (NYSE JNPR) opened at 28.67 on Monday. The firm has a 50-day moving average price of $29.83 and a 200 day moving average price of $28.42. The stock has a market cap of $10.95 billion, a PE ratio of 18.13 and a beta of 1.01. Juniper Networks, Inc. has a 52-week low of $21.18 and a 52-week 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, topping the Zacks’ consensus estimate of $0.31 by $0.03. The firm had revenue of $1.22 billion for 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 revenue for the quarter was up 11.2% on a year-over-year basis. During the same period last year, the business posted $0.37 EPS. On average, analysts forecast that Juniper Networks, Inc. will post $2.23 earnings per share for the current fiscal 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 given a dividend of $0.10 per share. The ex-dividend date is Tuesday, May 30th. This represents a $0.40 annualized dividend and a yield of 1.40%. Juniper Networks’s dividend payout ratio (DPR) is presently 25.00%.
Several brokerages recently weighed in on JNPR. Pacific Crest began coverage on shares of Juniper Networks in a research report on Monday, June 5th. They set a “sector weight” rating and a $31.00 price objective on the stock. Robert W. Baird reissued a “neutral” rating and issued a $30.00 price target (up previously from $27.00) on shares of Juniper Networks in a research report on Saturday, April 29th. Barclays PLC reissued an “equal weight” rating on shares of Juniper Networks in a research report on Saturday, April 22nd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $27.00 target price on shares of Juniper Networks in a research report on Tuesday, April 18th. Finally, Berenberg Bank initiated coverage on shares of Juniper Networks in a research report on Tuesday, April 4th. They set a “buy” rating and a $35.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $30.06.
In other Juniper Networks news, CEO Rami Rahim sold 10,700 shares of the firm’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $30.64, for a total transaction of $327,848.00. Following the sale, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at $14,388,758.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Pradeep Sindhu sold 76,900 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $30.53, for a total value of $2,347,757.00. Following the sale, the director now directly owns 40,773 shares in the company, valued at $1,244,799.69. The disclosure for this sale can be found here. Insiders have sold 188,892 shares of company stock worth $5,728,423 over the last quarter. 3.40% of the stock is owned by company insiders.
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.
Receive News & Stock Ratings for Juniper Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Juniper Networks Inc. and related stocks with our FREE daily email newsletter.