880,868 Shares in Juniper Networks, Inc. (JNPR) Acquired by Koch Industries Inc.
Koch Industries Inc. purchased a new position in Juniper Networks, Inc. (NYSE:JNPR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 880,868 shares of the network equipment provider’s stock, valued at approximately $850,000. Koch Industries Inc. owned approximately 0.23% of Juniper Networks at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning raised its position in shares of Juniper Networks by 0.4% in the 2nd quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock worth $131,000 after acquiring an additional 21 shares in the last quarter. Acrospire Investment Management LLC raised its position in shares of Juniper Networks by 4.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 4,890 shares of the network equipment provider’s stock worth $136,000 after acquiring an additional 201 shares in the last quarter. Petrus Trust Company LTA bought a new position in shares of Juniper Networks in the 2nd quarter worth $204,000. Menta Capital LLC bought a new position in shares of Juniper Networks in the 1st quarter worth $205,000. Finally, River Wealth Advisors LLC bought a new position in shares of Juniper Networks in the 2nd quarter worth $206,000. 90.16% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Rami Rahim sold 16,000 shares of the business’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 sale, the chief executive officer now owns 469,607 shares of the company’s stock, valued at approximately $12,881,320.01. The sale 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 business’s stock in a transaction that occurred on 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. Insiders have sold a total of 35,044 shares of company stock worth $974,774 in the last three months. Corporate insiders own 3.40% of the company’s stock.
Several research analysts have recently commented on JNPR shares. Zacks Investment Research raised Juniper Networks from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Friday, July 28th. BidaskClub raised Juniper Networks from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Raymond James Financial, Inc. raised Juniper Networks from a “market perform” rating to an “outperform” rating and set a $34.00 price target for the company in a research report on Friday, July 21st. BMO Capital Markets reissued a “buy” rating and issued a $34.00 price target on shares of Juniper Networks in a research report on Wednesday, August 23rd. Finally, Instinet reissued a “buy” rating and issued a $33.00 price target on shares of Juniper Networks in a research report on Tuesday, July 4th. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $30.36.
Shares of Juniper Networks, Inc. (JNPR) traded up 1.69% during trading on Friday, reaching $25.90. The company’s stock had a trading volume of 3,411,873 shares. The company has a 50 day moving average price of $27.61 and a 200 day moving average price of $28.45. The firm has a market capitalization of $9.85 billion, a P/E ratio of 15.50 and a beta of 1.09. Juniper Networks, Inc. has a 52 week low of $22.41 and a 52 week high of $30.96.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.50 EPS. On average, equities research analysts expect that Juniper Networks, Inc. will post $2.20 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 1st were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Wednesday, August 30th. Juniper Networks’s dividend payout ratio (DPR) is 23.39%.
Juniper Networks 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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