Intellectus Partners LLC held its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,714 shares of the network equipment provider’s stock at the end of the first quarter. Intellectus Partners LLC’s holdings in Juniper Networks were worth $187,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Capital Guardian Trust Co. increased its position in shares of Juniper Networks by 2.2% in the fourth quarter. Capital Guardian Trust Co. now owns 3,645 shares of the network equipment provider’s stock valued at $103,000 after buying an additional 77 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Juniper Networks by 173.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,517 shares of the network equipment provider’s stock valued at $127,000 after buying an additional 2,868 shares in the last quarter. Acrospire Investment Management LLC increased its position in shares of Juniper Networks by 837.8% in the first quarter. Acrospire Investment Management LLC now owns 4,689 shares of the network equipment provider’s stock valued at $130,000 after buying an additional 4,189 shares in the last quarter. Stevens First Principles Investment Advisors bought a new position in shares of Juniper Networks during the third quarter valued at approximately $120,000. Finally, SRB Corp increased its position in shares of Juniper Networks by 6.7% in the third quarter. SRB Corp now owns 6,681 shares of the network equipment provider’s stock valued at $161,000 after buying an additional 419 shares in the last quarter. 85.69% of the stock is owned by institutional investors.
Shares of Juniper Networks, Inc. (NYSE:JNPR) traded down 0.20% on Friday, hitting $29.53. The stock had a trading volume of 3,285,062 shares. The company’s 50 day moving average price is $29.04 and its 200-day moving average price is $27.91. The company has a market cap of $11.28 billion, a P/E ratio of 18.68 and a beta of 1.23. Juniper Networks, Inc. has a 12 month low of $21.17 and a 12 month high of $30.96.
Juniper Networks (NYSE:JNPR) last issued its quarterly earnings results on Tuesday, April 25th. The network equipment provider reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.03. Juniper Networks had a return on equity of 13.19% and a net margin of 12.05%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the firm posted $0.37 EPS. The firm’s revenue was up 11.2% compared to the same quarter last year. On average, analysts expect that Juniper Networks, Inc. will post $2.23 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Thursday, June 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.35%. Juniper Networks’s dividend payout ratio is currently 25.81%.
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Several research analysts have commented on the company. BMO Capital Markets restated a “hold” rating and issued a $31.00 target price on shares of Juniper Networks in a research note on Wednesday, April 26th. Royal Bank of Canada restated a “hold” rating and issued a $30.00 target price (up previously from $27.00) on shares of Juniper Networks in a research note on Wednesday, April 26th. Barclays PLC raised their target price on Juniper Networks from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 26th. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Juniper Networks in a research note on Thursday, January 26th. Finally, Zacks Investment Research upgraded Juniper Networks from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Tuesday, January 31st. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $29.96.
In other news, CEO Rami Rahim sold 10,700 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $30.64, for a total value of $327,848.00. Following the completion of the transaction, the chief executive officer now owns 469,607 shares of the company’s stock, valued at approximately $14,388,758.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Pradeep Sindhu sold 76,200 shares of the business’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $28.47, for a total value of $2,169,414.00. Following the completion of the transaction, the director now directly owns 40,773 shares of the company’s stock, valued at approximately $1,160,807.31. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 277,777 shares of company stock valued at $8,250,123. 3.40% of the stock is currently 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, the Middle East and Africa, and Asia Pacific.
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