Huntington National Bank held its stake in Juniper Networks Inc. (NYSE:JNPR) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 5,841 shares of the network equipment provider’s stock at the end of the second quarter. Huntington National Bank’s holdings in Juniper Networks were worth $132,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Creative Planning boosted its position in 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 bought a new position in Juniper Networks during the first quarter worth $221,000. Acrospire Investment Management LLC bought a new position in Juniper Networks during the first quarter worth $240,000. LS Investment Advisors LLC boosted its position in 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. Finally, Simmons Bank bought a new position in Juniper Networks during the first quarter worth $431,000. 85.22% of the stock is owned by institutional investors and hedge funds.
Shares of Juniper Networks Inc. (NYSE:JNPR) traded up 1.18% during mid-day trading on Friday, hitting $24.81. 6,485,961 shares of the company traded hands. The firm has a 50-day moving average price of $23.50 and a 200 day moving average price of $23.38. Juniper Networks Inc. has a 52-week low of $21.18 and a 52-week high of $32.39. The firm has a market cap of $9.50 billion, a price-to-earnings ratio of 15.42 and a beta of 1.76.
Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results on Tuesday, July 26th. The network equipment provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.03. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Juniper Networks had a net margin of 12.83% and a return on equity of 13.84%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 earnings per share. Equities research analysts anticipate that Juniper Networks Inc. will post $1.98 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Thursday, September 1st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.61%. Juniper Networks’s dividend payout ratio (DPR) is 24.84%.
A number of research firms recently weighed in on JNPR. 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. increased their target price on shares of Juniper Networks from $24.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Barclays PLC reiterated a “hold” rating on shares of Juniper Networks in a report on Thursday, July 28th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Juniper Networks in a report on Wednesday, July 27th. Finally, Drexel Hamilton reiterated a “buy” rating and set a $36.00 target price on shares of Juniper Networks in a report on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, twenty have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Juniper Networks currently has a consensus rating of “Hold” and an average price target of $27.33.
In other Juniper Networks news, Director Scott Kriens sold 750,000 shares of the stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $23.46, for a total transaction of $17,595,000.00. Following the sale, the director now directly owns 130,122 shares of the company’s stock, valued at $3,052,662.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Terrance F. Spidell sold 3,089 shares of the stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $24.11, for a total transaction of $74,475.79. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.
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, Middle East, and Africa (EMEA), and Asia Pacific (APAC).
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