Artemis Investment Management LLP Invests $4.88 Million in Juniper Networks, Inc. (JNPR)
Artemis Investment Management LLP acquired a new stake in shares of Juniper Networks, Inc. (NYSE:JNPR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 174,997 shares of the network equipment provider’s stock, valued at approximately $4,878,000.
Other large investors also recently added to or reduced their stakes in the company. Swiss National Bank boosted its stake in shares of Juniper Networks by 14.8% in the second quarter. Swiss National Bank now owns 1,391,767 shares of the network equipment provider’s stock valued at $38,802,000 after buying an additional 178,900 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in shares of Juniper Networks by 19.5% in the second quarter. Eagle Asset Management Inc. now owns 1,221,724 shares of the network equipment provider’s stock valued at $34,061,000 after buying an additional 199,159 shares during the last quarter. Pacad Investment Ltd. boosted its stake in shares of Juniper Networks by 69.2% in the second quarter. Pacad Investment Ltd. now owns 79,199 shares of the network equipment provider’s stock valued at $2,208,000 after buying an additional 32,399 shares during the last quarter. Chicago Equity Partners LLC acquired a new stake in shares of Juniper Networks during the second quarter valued at $9,349,000. Finally, OZ Management LP acquired a new stake in shares of Juniper Networks during the second quarter valued at $12,953,000. 90.16% of the stock is owned by institutional investors.
Shares of Juniper Networks, Inc. (NYSE JNPR) opened at 27.68 on Friday. The company’s 50-day moving average is $28.09 and its 200 day moving average is $28.56. The firm has a market cap of $10.53 billion, a price-to-earnings ratio of 16.56 and a beta of 1.08. Juniper Networks, Inc. has a 52-week low of $22.40 and a 52-week high of $30.96.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Juniper Networks had a net margin of 12.66% and a return on equity of 14.13%. Juniper Networks’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 EPS. On average, analysts expect that Juniper Networks, Inc. will post $2.24 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.40 annualized dividend and a yield of 1.45%. Juniper Networks’s dividend payout ratio is currently 23.39%.
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Several equities research analysts have recently weighed in on the stock. BMO Capital Markets reaffirmed a “buy” rating and issued a $34.00 price target on shares of Juniper Networks in a research report on Wednesday, August 23rd. Zacks Investment Research raised shares of Juniper Networks from a “hold” rating to a “strong-buy” rating and set a $32.00 target price for the company in a research report on Wednesday, August 16th. Royal Bank Of Canada reissued a “hold” rating and set a $30.00 target price on shares of Juniper Networks in a research report on Wednesday, August 2nd. BidaskClub cut shares of Juniper Networks from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, Berenberg Bank reissued a “buy” rating and set a $35.00 target price on shares of Juniper Networks in a research report on Thursday, July 27th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $30.94.
In other Juniper Networks news, EVP Vincent Molinaro sold 5,031 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $30.00, for a total value of $150,930.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Rami Rahim sold 16,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $27.43, for a total transaction of $438,880.00. Following the completion of the transaction, the chief executive officer now directly owns 469,607 shares in the company, valued at $12,881,320.01. The disclosure for this sale can be found here. Insiders sold a total of 35,044 shares of company stock worth $974,774 over the last three months. 3.40% of the stock is currently owned by corporate insiders.
Juniper Networks Company 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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