Boston Family Office LLC Has $250,000 Holdings in Juniper Networks, Inc. (JNPR)
Boston Family Office LLC cut its position in Juniper Networks, Inc. (NYSE:JNPR) by 36.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,775 shares of the network equipment provider’s stock after selling 5,050 shares during the period. Boston Family Office LLC’s holdings in Juniper Networks were worth $250,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Teacher Retirement System of Texas increased its position in shares of Juniper Networks by 489.9% during the fourth quarter. Teacher Retirement System of Texas now owns 145,605 shares of the network equipment provider’s stock worth $4,150,000 after acquiring an additional 120,921 shares in the last quarter. Blue Sky Asset Management LLC bought a new stake in shares of Juniper Networks during the fourth quarter worth $1,529,000. Stoneridge Investment Partners LLC increased its position in shares of Juniper Networks by 100.8% during the fourth quarter. Stoneridge Investment Partners LLC now owns 261,050 shares of the network equipment provider’s stock worth $7,440,000 after acquiring an additional 131,021 shares in the last quarter. Stephens Inc. AR increased its position in shares of Juniper Networks by 6.2% during the fourth quarter. Stephens Inc. AR now owns 55,514 shares of the network equipment provider’s stock worth $1,582,000 after acquiring an additional 3,244 shares in the last quarter. Finally, American Century Companies Inc. bought a new stake in shares of Juniper Networks during the fourth quarter worth $3,048,000. 90.01% of the stock is owned by institutional investors.
In other news, CEO Rami Rahim sold 5,400 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $26.35, for a total transaction of $142,290.00. Following the completion of the sale, the chief executive officer now owns 469,607 shares in the company, valued at approximately $12,374,144.45. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.60% of the company’s stock.
Juniper Networks (NYSE:JNPR) last posted its earnings results on Tuesday, January 30th. The network equipment provider reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Juniper Networks had a net margin of 6.26% and a return on equity of 13.34%. Juniper Networks’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.66 EPS. research analysts forecast that Juniper Networks, Inc. will post 1.34 earnings per share for the current year.
Juniper Networks announced that its Board of Directors has authorized a stock repurchase program on Tuesday, January 30th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the network equipment provider to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Wednesday, February 28th. This is a boost from Juniper Networks’s previous quarterly dividend of $0.10. Juniper Networks’s dividend payout ratio (DPR) is currently 49.38%.
A number of research analysts recently weighed in on the stock. Raymond James Financial set a $31.00 target price on shares of Juniper Networks and gave the company a “buy” rating in a research report on Thursday, December 7th. Nomura decreased their target price on shares of Juniper Networks from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, January 31st. Goldman Sachs Group assumed coverage on shares of Juniper Networks in a research report on Wednesday. They issued a “neutral” rating and a $26.00 target price for the company. Zacks Investment Research downgraded shares of Juniper Networks from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Finally, MKM Partners raised their target price on shares of Juniper Networks to $31.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Five analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $28.69.
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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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