Meeder Asset Management Inc. Has $3.24 Million Position in Juniper Networks, Inc. (NYSE:JNPR)
Meeder Asset Management Inc. reduced its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 13.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,567 shares of the network equipment provider’s stock after selling 18,247 shares during the quarter. Meeder Asset Management Inc.’s holdings in Juniper Networks were worth $3,237,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in JNPR. First Trust Advisors LP raised its stake in Juniper Networks by 15.9% during the first quarter. First Trust Advisors LP now owns 10,827,955 shares of the network equipment provider’s stock worth $286,616,000 after acquiring an additional 1,483,427 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Juniper Networks by 51.6% in the first quarter. Janus Henderson Group PLC now owns 2,591,121 shares of the network equipment provider’s stock valued at $68,587,000 after buying an additional 882,410 shares in the last quarter. FIL Ltd increased its stake in shares of Juniper Networks by 11.9% in the first quarter. FIL Ltd now owns 6,369,659 shares of the network equipment provider’s stock valued at $168,604,000 after buying an additional 678,228 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Juniper Networks by 2,689.4% in the second quarter. Bessemer Group Inc. now owns 661,861 shares of the network equipment provider’s stock valued at $17,625,000 after buying an additional 638,133 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in shares of Juniper Networks by 108.0% in the first quarter. Teacher Retirement System of Texas now owns 1,065,099 shares of the network equipment provider’s stock valued at $28,193,000 after buying an additional 553,010 shares in the last quarter. Hedge funds and other institutional investors own 91.94% of the company’s stock.
JNPR stock traded down $0.33 during midday trading on Tuesday, reaching $23.79. The stock had a trading volume of 31,364 shares, compared to its average volume of 3,378,661. The business has a fifty day simple moving average of $26.23 and a two-hundred day simple moving average of $26.54. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.32. The firm has a market cap of $8.27 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 3.06 and a beta of 0.92. Juniper Networks, Inc. has a twelve month low of $23.34 and a twelve month high of $30.80.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be given a $0.19 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 3.19%. Juniper Networks’s payout ratio is 55.88%.
In other Juniper Networks news, Director Rahul N. Merchant sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $27.06, for a total transaction of $67,650.00. Following the transaction, the director now owns 37,370 shares in the company, valued at $1,011,232.20. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Kenneth Bradley Miller sold 7,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $27.02, for a total value of $189,140.00. Following the transaction, the chief financial officer now owns 77,333 shares in the company, valued at approximately $2,089,537.66. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,500 shares of company stock valued at $497,990. Corporate insiders own 1.10% of the company’s stock.
JNPR has been the subject of a number of research reports. Barclays initiated coverage on Juniper Networks in a research note on Wednesday, August 7th. They issued an “equal weight” rating and a $27.00 target price for the company. Raymond James set a $30.00 target price on Juniper Networks and gave the company a “buy” rating in a research note on Friday, July 26th. Citigroup lowered Juniper Networks from a “neutral” rating to a “sell” rating and lowered their target price for the company from $28.00 to $24.00 in a research note on Monday, July 8th. TheStreet lowered Juniper Networks from a “b” rating to a “c+” rating in a research note on Thursday, April 25th. Finally, Rosenblatt Securities upgraded Juniper Networks from a “sell” rating to a “neutral” rating and raised their target price for the company from $24.00 to $27.00 in a research note on Wednesday, June 12th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Juniper Networks currently has a consensus rating of “Hold” and an average target price of $27.57.
Juniper Networks Profile
Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.
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