Northwestern Mutual Investment Management Company LLC raised its stake in Juniper Networks Inc. (NYSE:JNPR) by 0.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 13,475 shares of the network equipment provider’s stock after buying an additional 34 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Juniper Networks were worth $303,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Advisor Group Inc. purchased a new stake in Juniper Networks during the second quarter worth $121,000. Global X Management Co. LLC boosted its stake in Juniper Networks by 62.2% in the second quarter. Global X Management Co. LLC now owns 5,742 shares of the network equipment provider’s stock worth $129,000 after buying an additional 2,201 shares in the last quarter. Creative Planning boosted its stake 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 in the last quarter. Societe Generale purchased a new stake in Juniper Networks during the second quarter worth $157,000. Finally, Conning Inc. boosted its stake in 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 in the last quarter. Institutional investors own 85.22% of the company’s stock.
Shares of Juniper Networks Inc. (NYSE:JNPR) opened at 23.66 on Tuesday. The firm’s 50-day moving average is $23.24 and its 200-day moving average is $23.45. Juniper Networks Inc. has a 52 week low of $21.18 and a 52 week high of $32.39. The stock has a market capitalization of $9.06 billion, a price-to-earnings ratio of 14.70 and a beta of 1.82.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings data on Tuesday, July 26th. The network equipment provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates 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%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the business posted $0.53 EPS. On average, equities research analysts anticipate that Juniper Networks Inc. will post $1.98 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 22nd. Stockholders of record on Thursday, September 1st were issued a $0.10 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.69%. Juniper Networks’s dividend payout ratio (DPR) is 24.84%.
Several equities analysts recently commented on JNPR shares. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Juniper Networks in a research report on Tuesday, July 26th. Drexel Hamilton reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Juniper Networks in a research report on Wednesday, August 3rd. Deutsche Bank AG lowered shares of Juniper Networks from a “buy” rating to a “hold” rating and decreased their price objective for the company from $30.00 to $22.00 in a research report on Wednesday, July 6th. Zacks Investment Research lowered shares of Juniper Networks from a “hold” rating to a “sell” rating in a research report on Friday, July 29th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $24.50 price objective on shares of Juniper Networks in a research report on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $27.33.
In other Juniper Networks news, Director Scott Kriens sold 750,000 shares of Juniper Networks stock in a transaction that occurred on Tuesday, August 23rd. The stock was 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 in the company, valued at approximately $3,052,662.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Terrance F. Spidell sold 3,089 shares of Juniper Networks stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $24.11, for a total value of $74,475.79. The disclosure for this sale can be found here. 3.40% of the stock is owned by insiders.
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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