Tiverton Asset Management LLC Raises Stock Holdings in Juniper Networks, Inc. (NYSE:JNPR)
Tiverton Asset Management LLC raised its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 212.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,399 shares of the network equipment provider’s stock after purchasing an additional 8,437 shares during the quarter. Tiverton Asset Management LLC’s holdings in Juniper Networks were worth $331,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC increased its holdings in Juniper Networks by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 6,026,296 shares of the network equipment provider’s stock valued at $161,957,000 after buying an additional 444,273 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Juniper Networks by 5.2% in the first quarter. Janney Montgomery Scott LLC now owns 8,673 shares of the network equipment provider’s stock worth $230,000 after purchasing an additional 426 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Juniper Networks by 2,490.9% in the first quarter. Victory Capital Management Inc. now owns 131,748 shares of the network equipment provider’s stock worth $3,487,000 after purchasing an additional 126,663 shares during the period. California Public Employees Retirement System grew its position in Juniper Networks by 15.9% in the 1st quarter. California Public Employees Retirement System now owns 2,307,902 shares of the network equipment provider’s stock valued at $61,090,000 after buying an additional 315,778 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its stake in Juniper Networks by 3.3% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 35,306 shares of the network equipment provider’s stock valued at $935,000 after buying an additional 1,129 shares during the period. Institutional investors own 90.89% of the company’s stock.
A number of analysts have commented on JNPR shares. Rosenblatt Securities upgraded shares of Juniper Networks from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $24.00 to $27.00 in a research report on Wednesday, June 12th. Barclays started coverage on shares of Juniper Networks in a report on Wednesday, August 7th. They set an “equal weight” rating and a $27.00 target price for the company. Citigroup lowered shares of Juniper Networks from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $28.00 to $24.00 in a research report on Monday, July 8th. Raymond James set a $29.00 price target on Juniper Networks and gave the company a “buy” rating in a report on Friday, September 6th. Finally, Evercore ISI began coverage on Juniper Networks in a research report on Wednesday. They issued an “inline” rating and a $26.00 price target for the company. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.40.
NYSE:JNPR traded down $0.24 during trading hours on Wednesday, hitting $24.27. 47,924 shares of the company’s stock traded hands, compared to its average volume of 2,955,151. The firm has a market cap of $8.31 billion, a P/E ratio of 17.79, a P/E/G ratio of 3.08 and a beta of 0.98. Juniper Networks, Inc. has a twelve month low of $22.42 and a twelve month high of $30.80. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.13 and a current ratio of 2.13. The stock’s fifty day moving average price is $24.68 and its two-hundred day moving average price is $26.20.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Thursday, July 25th. The network equipment provider reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.06). Juniper Networks had a return on equity of 10.00% and a net margin of 11.05%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the business posted $0.48 earnings per share. The company’s revenue was down 8.4% compared to the same quarter last year. On average, equities research analysts predict that Juniper Networks, Inc. will post 1.25 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.13%. Juniper Networks’s dividend payout ratio is 55.88%.
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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