USA Financial Portformulas Corp Purchases New Holdings in Juniper Networks, Inc. (JNPR)
USA Financial Portformulas Corp purchased a new stake in Juniper Networks, Inc. (NYSE:JNPR) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 26,460 shares of the network equipment provider’s stock, valued at approximately $736,000.
Other large investors have also bought and sold shares of the company. Creative Planning raised its stake in shares of Juniper Networks by 0.4% during 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 stake in shares of Juniper Networks by 4.3% during 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 during the 2nd quarter worth approximately $204,000. River Wealth Advisors LLC bought a new position in shares of Juniper Networks during the 2nd quarter worth approximately $206,000. Finally, Synovus Financial Corp raised its stake in shares of Juniper Networks by 1.9% during the 2nd quarter. Synovus Financial Corp now owns 7,462 shares of the network equipment provider’s stock worth $208,000 after acquiring an additional 139 shares in the last quarter. Institutional investors and hedge funds own 90.96% of the company’s stock.
In related news, CEO Rami Rahim sold 5,300 shares of Juniper Networks stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $27.47, for a total value of $145,591.00. Following the completion of the transaction, the chief executive officer now owns 469,607 shares in the company, valued at $12,900,104.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 26,700 shares of company stock valued at $732,107 in the last quarter. 2.60% of the stock is owned by insiders.
A number of research analysts have issued reports on JNPR shares. Cowen and Company restated a “hold” rating and set a $28.00 price target on shares of Juniper Networks in a research note on Friday, October 27th. Drexel Hamilton restated a “buy” rating and set a $37.00 price target on shares of Juniper Networks in a research note on Thursday, July 20th. Instinet lowered shares of Juniper Networks from a “buy” rating to a “neutral” rating in a research note on Thursday, October 12th. BidaskClub lowered shares of Juniper Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, Zacks Investment Research lowered shares of Juniper Networks from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $29.61.
Juniper Networks, Inc. (NYSE:JNPR) opened at $24.77 on Thursday. The company has a quick ratio of 2.48, a current ratio of 2.72 and a debt-to-equity ratio of 0.41. Juniper Networks, Inc. has a 12 month low of $23.87 and a 12 month high of $30.96. The company has a market cap of $9,185.74, a P/E ratio of 13.46, a PEG ratio of 1.95 and a beta of 1.05.
Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Tuesday, October 24th. The network equipment provider reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.03). Juniper Networks had a net margin of 12.77% and a return on equity of 13.80%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the business posted $0.58 EPS. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. sell-side analysts expect that Juniper Networks, Inc. will post 1.7 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.61%. Juniper Networks’s dividend payout ratio is currently 23.26%.
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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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