DekaBank Deutsche Girozentrale Sells 15,379 Shares of Juniper Networks, Inc. (JNPR)
DekaBank Deutsche Girozentrale trimmed its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 10.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 127,047 shares of the network equipment provider’s stock after selling 15,379 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Juniper Networks were worth $3,575,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Numeric Investors LLC raised its position in Juniper Networks by 3,949.6% in the 2nd quarter. Numeric Investors LLC now owns 4,673,200 shares of the network equipment provider’s stock worth $130,289,000 after purchasing an additional 4,557,800 shares during the period. Renaissance Technologies LLC raised its position in Juniper Networks by 197.7% in the 2nd quarter. Renaissance Technologies LLC now owns 5,427,091 shares of the network equipment provider’s stock worth $151,307,000 after purchasing an additional 3,604,200 shares during the period. Diamond Hill Capital Management Inc. raised its position in Juniper Networks by 40.0% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 11,378,124 shares of the network equipment provider’s stock worth $317,222,000 after purchasing an additional 3,248,819 shares during the period. Prudential Financial Inc. raised its position in Juniper Networks by 260.0% in the 2nd quarter. Prudential Financial Inc. now owns 3,374,305 shares of the network equipment provider’s stock worth $94,076,000 after purchasing an additional 2,437,006 shares during the period. Finally, Vanguard Group Inc. raised its position in Juniper Networks by 6.4% in the 2nd quarter. Vanguard Group Inc. now owns 38,434,820 shares of the network equipment provider’s stock worth $1,071,564,000 after purchasing an additional 2,314,683 shares during the period. Hedge funds and other institutional investors own 95.98% of the company’s stock.
Juniper Networks, Inc. (NYSE JNPR) opened at $26.97 on Tuesday. The stock has a market cap of $10,260.00, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 2.09 and a beta of 1.05. Juniper Networks, Inc. has a fifty-two week low of $23.87 and a fifty-two week high of $30.96. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.41.
Juniper Networks (NYSE:JNPR) last issued its earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.03). Juniper Networks had a return on equity of 13.81% and a net margin of 12.77%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the business earned $0.58 EPS. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. sell-side analysts expect that Juniper Networks, Inc. will post 1.7 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.48%. Juniper Networks’s dividend payout ratio (DPR) is presently 23.95%.
A number of analysts recently weighed in on JNPR shares. Robert W. Baird set a $30.00 price objective on shares of Juniper Networks and gave the stock a “hold” rating in a research report on Wednesday, July 26th. UBS AG restated a “neutral” rating and issued a $30.00 target price (up from $28.00) on shares of Juniper Networks in a research note on Wednesday, July 26th. TheStreet upgraded shares of Juniper Networks from a “c+” rating to a “b” rating in a research note on Monday, July 24th. Berenberg Bank restated a “buy” rating and issued a $35.00 target price on shares of Juniper Networks in a research note on Thursday, July 27th. Finally, Zacks Investment Research upgraded shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Friday, July 28th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $29.42.
In other Juniper Networks news, CEO Rami Rahim sold 5,300 shares of Juniper Networks stock in a transaction 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 of the company’s stock, valued at $12,900,104.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rahul N. Merchant acquired 2,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was purchased at an average cost of $24.48 per share, with a total value of $48,960.00. Following the acquisition, the director now directly owns 22,543 shares of the company’s stock, valued at approximately $551,852.64. The disclosure for this purchase can be found here. In the last three months, insiders have sold 48,200 shares of company stock valued at $1,296,861. 2.60% of the stock is currently owned by corporate insiders.
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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