Employees Retirement System of Texas Trims Holdings in Juniper Networks, Inc. (JNPR)
Employees Retirement System of Texas reduced its stake in Juniper Networks, Inc. (NYSE:JNPR) by 4.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,000 shares of the network equipment provider’s stock after selling 1,000 shares during the period. Employees Retirement System of Texas’ holdings in Juniper Networks were worth $585,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stifel Financial Corp increased its holdings in shares of Juniper Networks by 9.1% in the 2nd quarter. Stifel Financial Corp now owns 124,872 shares of the network equipment provider’s stock worth $3,480,000 after buying an additional 10,465 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Juniper Networks in the 2nd quarter worth about $719,000. NN Investment Partners Holdings N.V. increased its holdings in shares of Juniper Networks by 47.3% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 474,851 shares of the network equipment provider’s stock worth $13,239,000 after buying an additional 152,412 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Juniper Networks by 2.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 102,505 shares of the network equipment provider’s stock worth $2,858,000 after buying an additional 2,400 shares during the last quarter. Finally, Riverhead Capital Management LLC increased its holdings in shares of Juniper Networks by 3.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 261,216 shares of the network equipment provider’s stock worth $7,283,000 after buying an additional 7,854 shares during the last quarter. Institutional investors own 90.14% of the company’s stock.
JNPR has been the topic of a number of research reports. TheStreet downgraded shares of Juniper Networks from a “b” rating to a “c+” rating in a report on Thursday, June 29th. Instinet restated a “buy” rating and issued a $33.00 target price on shares of Juniper Networks in a report on Tuesday, July 4th. BMO Capital Markets upgraded shares of Juniper Networks from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $31.00 to $34.00 in a report on Monday, July 10th. Drexel Hamilton restated a “buy” rating and issued a $37.00 target price on shares of Juniper Networks in a report on Thursday, July 20th. Finally, Raymond James Financial, Inc. upgraded shares of Juniper Networks from a “market perform” rating to an “outperform” rating and set a $34.00 target price on the stock in a report on Friday, July 21st. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Juniper Networks currently has an average rating of “Hold” and an average target price of $30.35.
Shares of Juniper Networks, Inc. (NYSE:JNPR) opened at 25.82 on Friday. The stock has a market cap of $9.82 billion, a PE ratio of 15.45 and a beta of 1.09. Juniper Networks, Inc. has a 12 month low of $22.41 and a 12 month high of $30.96. The stock has a 50 day moving average of $27.39 and a 200 day moving average of $28.39.
Juniper Networks (NYSE:JNPR) last issued its quarterly earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the firm earned $0.50 earnings per share. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts anticipate that Juniper Networks, Inc. will post $2.17 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 1st were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.55%. Juniper Networks’s dividend payout ratio is currently 23.39%.
In related news, CEO Rami Rahim sold 16,000 shares of Juniper Networks stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $27.43, for a total value 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Vincent Molinaro sold 5,031 shares of Juniper Networks stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $30.00, for a total transaction of $150,930.00. 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. 2.60% of the stock is owned by insiders.
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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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