Juniper Networks, Inc. (JNPR) Holdings Maintained by Eaton Vance Management
Eaton Vance Management maintained its stake in Juniper Networks, Inc. (NYSE:JNPR) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 404,779 shares of the network equipment provider’s stock at the end of the 2nd quarter. Eaton Vance Management owned 0.11% of Juniper Networks worth $11,285,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of JNPR. Nationwide Fund Advisors raised its stake in shares of Juniper Networks by 3.5% during the first quarter. Nationwide Fund Advisors now owns 159,834 shares of the network equipment provider’s stock valued at $4,448,000 after purchasing an additional 5,477 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in Juniper Networks during the first quarter worth about $266,000. Pictet Asset Management Ltd. grew its holdings in Juniper Networks by 17.0% during the first quarter. Pictet Asset Management Ltd. now owns 223,522 shares of the network equipment provider’s stock worth $6,221,000 after acquiring an additional 32,400 shares during the period. LS Investment Advisors LLC grew its holdings in Juniper Networks by 11.7% during the first quarter. LS Investment Advisors LLC now owns 14,234 shares of the network equipment provider’s stock worth $396,000 after acquiring an additional 1,490 shares during the period. Finally, UBS Asset Management Americas Inc. grew its holdings in Juniper Networks by 9.4% during the first quarter. UBS Asset Management Americas Inc. now owns 1,740,716 shares of the network equipment provider’s stock worth $48,444,000 after acquiring an additional 149,088 shares during the period. Institutional investors and hedge funds own 90.16% of the company’s stock.
In related news, VP Terrance F. Spidell sold 3,313 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $27.69, for a total transaction of $91,736.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Vincent Molinaro sold 5,031 shares of the stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $30.00, for a total value of $150,930.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,044 shares of company stock valued at $974,774. 3.40% of the stock is owned by corporate insiders.
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A number of research firms recently issued reports on JNPR. TheStreet lowered Juniper Networks from a “b” rating to a “c+” rating in a report on Thursday, June 29th. Zacks Investment Research lowered Juniper Networks from a “buy” rating to a “hold” rating in a report on Monday, July 31st. UBS AG reaffirmed a “neutral” rating and set a $30.00 target price (up from $28.00) on shares of Juniper Networks in a report on Wednesday, July 26th. Pacific Crest began coverage on Juniper Networks in a report on Monday, June 5th. They set a “sector weight” rating and a $31.00 target price on the stock. Finally, KeyCorp began coverage on Juniper Networks in a report on Monday, June 5th. They set a “hold” rating and a $31.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $30.94.
Shares of Juniper Networks, Inc. (JNPR) opened at 26.98 on Tuesday. The stock’s 50 day moving average price is $27.78 and its 200 day moving average price is $28.53. Juniper Networks, Inc. has a one year low of $22.40 and a one year high of $30.96. The firm has a market capitalization of $10.26 billion, a price-to-earnings ratio of 16.15 and a beta of 1.08.
Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. Juniper Networks’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the company earned $0.50 earnings per share. Analysts expect that Juniper Networks, Inc. will post $2.24 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.48%. Juniper Networks’s payout ratio is presently 23.39%.
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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