IHT Wealth Management LLC Has $102,000 Holdings in Juniper Networks, Inc. (JNPR)
IHT Wealth Management LLC decreased its stake in Juniper Networks, Inc. (NYSE:JNPR) by 55.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 185 shares of the network equipment provider’s stock after selling 226 shares during the quarter. IHT Wealth Management LLC’s holdings in Juniper Networks were worth $102,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Juniper Networks by 6.4% in the second quarter. Vanguard Group Inc. now owns 38,434,820 shares of the network equipment provider’s stock worth $1,071,564,000 after acquiring an additional 2,314,683 shares in the last quarter. State Street Corp grew its holdings in shares of 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. Dodge & Cox grew its holdings in shares of Juniper Networks by 0.4% during the second quarter. Dodge & Cox now owns 17,690,957 shares of the network equipment provider’s stock worth $493,224,000 after buying an additional 74,877 shares in the last quarter. Diamond Hill Capital Management Inc. grew its holdings in shares of 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, First Trust Advisors LP grew its holdings in shares of Juniper Networks by 22.4% during the second quarter. First Trust Advisors LP now owns 7,124,028 shares of the network equipment provider’s stock worth $198,618,000 after buying an additional 1,302,277 shares in the last quarter. 90.16% of the stock is currently owned by hedge funds and other institutional investors.
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A number of research analysts have weighed in on JNPR shares. TheStreet upgraded Juniper Networks from a “c+” rating to a “b” rating in a research note on Monday, July 24th. Zacks Investment Research raised Juniper Networks from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Friday, July 28th. Berenberg Bank reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Juniper Networks in a research report on Thursday, July 27th. Drexel Hamilton reissued a “buy” rating and set a $37.00 price target on shares of Juniper Networks in a report on Thursday, July 20th. Finally, Instinet reissued a “buy” rating and set a $33.00 price target on shares of Juniper Networks in a report on Tuesday, July 4th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Juniper Networks has an average rating of “Hold” and an average target price of $30.36.
In other news, CEO Rami Rahim sold 16,000 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $27.43, for a total transaction of $438,880.00. Following the transaction, the chief executive officer now directly owns 469,607 shares in the company, valued at approximately $12,881,320.01. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,044 shares of company stock worth $974,774. Insiders own 3.40% of the company’s stock.
Juniper Networks, Inc. (JNPR) traded up 0.39% during midday trading on Friday, reaching $25.57. 1,073,666 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $27.61 and its 200-day moving average is $28.45. Juniper Networks, Inc. has a 12-month low of $22.41 and a 12-month high of $30.96. The stock has a market capitalization of $9.72 billion, a price-to-earnings ratio of 15.30 and a beta of 1.09.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. Juniper Networks had a net margin of 12.66% and a return on equity of 14.13%. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the company earned $0.50 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities analysts forecast that Juniper Networks, Inc. will post $2.23 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 1st were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.57%. Juniper Networks’s payout ratio is currently 23.39%.
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.
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