Macquarie Group Ltd. boosted its stake in shares of Juniper Networks Inc. (NYSE:JNPR) by 61.5% during the second quarter, Holdings Channel reports. The fund owned 21,000 shares of the network equipment provider’s stock after buying an additional 8,000 shares during the period. Macquarie Group Ltd.’s holdings in Juniper Networks were worth $472,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in JNPR. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Juniper Networks during the second quarter valued at about $321,000. Kentucky Retirement Systems bought a new stake in shares of Juniper Networks during the second quarter worth $676,000. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Juniper Networks by 0.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 13,475 shares of the network equipment provider’s stock worth $303,000 after buying an additional 34 shares during the last quarter. Mason Street Advisors LLC bought a new stake in shares of Juniper Networks during the second quarter worth $1,070,000. Finally, Calvert Investment Management Inc. boosted its stake in shares of Juniper Networks by 4.2% in the second quarter. Calvert Investment Management Inc. now owns 20,097 shares of the network equipment provider’s stock worth $452,000 after buying an additional 813 shares during the last quarter. Hedge funds and other institutional investors own 85.22% of the company’s stock.
Juniper Networks Inc. (NYSE:JNPR) opened at 24.04 on Wednesday. The firm’s 50-day moving average is $23.27 and its 200-day moving average is $23.44. Juniper Networks Inc. has a 52 week low of $21.18 and a 52 week high of $32.39. The company has a market cap of $9.21 billion, a PE ratio of 14.94 and a beta of 1.82.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings results on Tuesday, July 26th. The network equipment provider reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.03. Juniper Networks had a net margin of 12.83% and a return on equity of 13.84%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the business earned $0.53 EPS. Juniper Networks’s quarterly revenue was down .1% on a year-over-year basis. On average, analysts expect 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 given 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 1.66%. Juniper Networks’s payout ratio is presently 24.84%.
A number of brokerages have recently weighed in on JNPR. Zacks Investment Research upgraded Juniper Networks from a “sell” rating to a “hold” rating in a research report on Tuesday. BMO Capital Markets reiterated a “hold” rating and set a $23.00 price target on shares of Juniper Networks in a research report on Tuesday, July 26th. Drexel Hamilton reiterated a “buy” rating and set a $36.00 price target on shares of Juniper Networks in a research report on Tuesday, July 26th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Juniper Networks in a research report on Wednesday, July 27th. Finally, Citigroup Inc. increased their price target on Juniper Networks from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. One analyst has rated the stock with a sell rating, twenty have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Juniper Networks presently has an average rating of “Hold” and a consensus price target of $27.33.
In other Juniper Networks news, VP Terrance F. Spidell sold 3,089 shares of the stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $24.11, for a total transaction of $74,475.79. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kevin A. Denuccio sold 10,000 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $259,463.82. 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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