Candriam Luxembourg S.C.A. raised its stake in shares of Juniper Networks Inc. (NYSE:JNPR) by 1,617.8% during the second quarter, Holdings Channel reports. The firm owned 164,204 shares of the network equipment provider’s stock after buying an additional 154,645 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Juniper Networks were worth $3,693,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in JNPR. Creative Planning increased its stake in shares of Juniper Networks by 24.1% in the second quarter. Creative Planning now owns 6,490 shares of the network equipment provider’s stock worth $146,000 after buying an additional 1,262 shares during the last quarter. FDO Partners LLC purchased a new stake in shares of Juniper Networks during the first quarter worth about $221,000. Acrospire Investment Management LLC purchased a new stake in shares of Juniper Networks during the first quarter worth about $240,000. Conning Inc. increased its stake in shares of Juniper Networks by 2.3% in the second quarter. Conning Inc. now owns 9,767 shares of the network equipment provider’s stock worth $220,000 after buying an additional 220 shares during the last quarter. Finally, LS Investment Advisors LLC increased its stake in shares of Juniper Networks by 19.6% in the second quarter. LS Investment Advisors LLC now owns 15,837 shares of the network equipment provider’s stock worth $356,000 after buying an additional 2,597 shares during the last quarter. 85.22% of the stock is currently owned by institutional investors and hedge funds.
Juniper Networks Inc. (NYSE:JNPR) traded up 1.48% during midday trading on Friday, reaching $24.06. The company had a trading volume of 2,680,858 shares. The firm has a 50-day moving average of $23.33 and a 200 day moving average of $23.43. Juniper Networks Inc. has a 1-year low of $21.18 and a 1-year high of $32.39. The company has a market capitalization of $9.21 billion, a P/E ratio of 14.95 and a beta of 1.82.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Tuesday, July 26th. The network equipment provider reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.03. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.19 billion. Juniper Networks had a return on equity of 13.84% and a net margin of 12.83%. Juniper Networks’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 EPS. On average, equities research analysts forecast that Juniper Networks Inc. will post $1.98 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Thursday, September 1st were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.66%. The ex-dividend date was Tuesday, August 30th. Juniper Networks’s dividend payout ratio (DPR) is presently 24.84%.
Several research analysts recently weighed in on JNPR shares. Zacks Investment Research cut shares of Juniper Networks from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Citigroup Inc. upped their price objective on shares of Juniper Networks from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. Barclays PLC restated a “hold” rating on shares of Juniper Networks in a research report on Thursday, July 28th. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Juniper Networks in a research report on Wednesday, July 27th. Finally, Drexel Hamilton restated a “buy” rating and issued a $36.00 price objective on shares of Juniper Networks in a research report on Tuesday, July 26th. One analyst has rated the stock with a sell rating, twenty have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $27.33.
In other news, Director Kevin A. Denuccio sold 10,000 shares of the stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $23.43, for a total transaction of $234,300.00. Following the transaction, the director now owns 11,074 shares of the company’s stock, valued at approximately $259,463.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Scott Kriens sold 750,000 shares of the stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $23.46, for a total value of $17,595,000.00. Following the transaction, the director now directly owns 130,122 shares in the company, valued at approximately $3,052,662.12. The disclosure for this sale can be found here. 3.40% of the stock is owned by company insiders.
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, Middle East, and Africa (EMEA), and Asia Pacific (APAC).
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