Northwestern Mutual Investment Management Company LLC Has $303,000 Holdings in Juniper Networks, Inc. (JNPR)
Northwestern Mutual Investment Management Company LLC trimmed its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 82.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,475 shares of the network equipment provider’s stock after selling 63,740 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Juniper Networks were worth $303,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Juniper Networks by 3.6% during the first quarter. Vanguard Group Inc. now owns 36,120,137 shares of the network equipment provider’s stock worth $1,005,224,000 after buying an additional 1,246,424 shares in the last quarter. BlackRock Inc. grew its stake in Juniper Networks by 2,310.0% during the first quarter. BlackRock Inc. now owns 25,175,402 shares of the network equipment provider’s stock worth $700,629,000 after buying an additional 24,130,800 shares in the last quarter. State Street Corp grew its stake in Juniper Networks by 4.4% during the first quarter. State Street Corp now owns 17,739,857 shares of the network equipment provider’s stock worth $493,700,000 after buying an additional 751,132 shares in the last quarter. Diamond Hill Capital Management Inc. grew its stake in Juniper Networks by 40.0% during the second quarter. Diamond Hill Capital Management Inc. now owns 11,378,124 shares of the network equipment provider’s stock worth $317,222,000 after buying an additional 3,248,819 shares in the last quarter. Finally, FIL Ltd grew its stake in Juniper Networks by 2.8% during the first quarter. FIL Ltd now owns 10,714,506 shares of the network equipment provider’s stock worth $298,185,000 after buying an additional 294,968 shares in the last quarter. Hedge funds and other institutional investors own 90.14% of the company’s stock.
In related news, CEO Rami Rahim sold 16,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was 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 owns 469,607 shares in the company, valued at $12,881,320.01. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Terrance F. Spidell sold 3,313 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $27.69, for a total value of $91,736.97. The disclosure for this sale can be found here. Insiders sold 35,044 shares of company stock valued at $974,774 in the last quarter. Corporate insiders own 3.40% of the company’s stock.
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Shares of Juniper Networks, Inc. (NYSE:JNPR) opened at 27.80 on Monday. The firm has a market cap of $10.57 billion, a P/E ratio of 16.64 and a beta of 1.08. Juniper Networks, Inc. has a 12 month low of $22.40 and a 12 month high of $30.96. The stock’s 50 day moving average is $27.62 and its 200 day moving average is $28.50.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $0.50 earnings per share. The business’s revenue was up 7.2% on a year-over-year basis. Equities research analysts expect that Juniper Networks, Inc. will post $2.24 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be given a $0.10 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.40 annualized dividend and a yield of 1.44%. Juniper Networks’s payout ratio is currently 23.39%.
A number of research firms have recently commented on JNPR. 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 report on Wednesday, August 16th. Pacific Crest began coverage on shares of Juniper Networks in a report on Monday, June 5th. They issued a “sector weight” rating and a $31.00 target price for the company. BidaskClub cut shares of Juniper Networks from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Drexel Hamilton reissued a “buy” rating and issued a $37.00 target price on shares of Juniper Networks in a report on Thursday, July 20th. Finally, UBS AG reissued a “neutral” rating and issued a $30.00 target price (up previously from $28.00) on shares of Juniper Networks in a report on Wednesday, July 26th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $30.94.
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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