Exxonmobil Investment Management Inc. TX Sells 3,207 Shares of Juniper Networks, Inc. (JNPR)

Exxonmobil Investment Management Inc. TX cut its stake in Juniper Networks, Inc. (NYSE:JNPR) by 3.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,825 shares of the network equipment provider’s stock after selling 3,207 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Juniper Networks were worth $2,361,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. raised its stake in Juniper Networks by 7.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 10,454,124 shares of the network equipment provider’s stock valued at $251,526,000 after buying an additional 720,330 shares during the last quarter. FIL Ltd raised its stake in Juniper Networks by 10.5% in the fourth quarter. FIL Ltd now owns 10,419,538 shares of the network equipment provider’s stock valued at $294,456,000 after buying an additional 989,257 shares during the last quarter. Diamond Hill Capital Management Inc. raised its stake in Juniper Networks by 5.0% in the third quarter. Diamond Hill Capital Management Inc. now owns 7,420,049 shares of the network equipment provider’s stock valued at $178,526,000 after buying an additional 352,242 shares during the last quarter. BlackRock Fund Advisors raised its stake in Juniper Networks by 8.8% in the third quarter. BlackRock Fund Advisors now owns 6,867,599 shares of the network equipment provider’s stock valued at $165,234,000 after buying an additional 554,302 shares during the last quarter. Finally, Dodge & Cox acquired a new stake in Juniper Networks during the fourth quarter valued at about $179,904,000. 85.69% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Juniper Networks (NYSE:JNPR)

Juniper Networks, Inc. (NYSE:JNPR) opened at 27.80 on Friday. The firm’s 50-day moving average is $27.92 and its 200-day moving average is $27.05. Juniper Networks, Inc. has a 1-year low of $21.17 and a 1-year high of $29.21. The company has a market capitalization of $10.62 billion, a P/E ratio of 18.17 and a beta of 1.23.

Juniper Networks (NYSE:JNPR) last issued its earnings results on Thursday, January 26th. The network equipment provider reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.03. Juniper Networks had a net margin of 12.05% and a return on equity of 13.19%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the company earned $0.63 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts predict that Juniper Networks, Inc. will post $2.19 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 22nd. Stockholders of record on Wednesday, March 1st were paid a $0.10 dividend. The ex-dividend date was Monday, February 27th. This represents a $0.40 annualized dividend and a dividend yield of 1.44%. Juniper Networks’s dividend payout ratio is presently 25.81%.

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Several equities research analysts have recently issued reports on JNPR shares. William Blair reissued a “hold” rating on shares of Juniper Networks in a research report on Sunday, January 29th. Goldman Sachs Group Inc reissued a “conviction-buy” rating and issued a $31.00 price objective on shares of Juniper Networks in a research report on Friday, January 27th. Instinet reissued a “buy” rating and issued a $33.00 price objective on shares of Juniper Networks in a research report on Thursday, April 6th. BMO Capital Markets reissued a “market perform” rating and issued a $26.00 price objective on shares of Juniper Networks in a research report on Friday, January 27th. Finally, Deutsche Bank AG reissued a “sell” rating and issued a $20.00 price objective on shares of Juniper Networks in a research report on Monday, January 30th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Juniper Networks has a consensus rating of “Hold” and a consensus price target of $29.28.

In related news, EVP Vincent Molinaro sold 15,957 shares of the company’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $26.57, for a total transaction of $423,977.49. Following the transaction, the executive vice president now owns 3,989 shares in the company, valued at approximately $105,987.73. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Pradeep Sindhu sold 76,900 shares of the company’s stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $27.33, for a total transaction of $2,101,677.00. Following the transaction, the executive vice president now owns 20,798 shares in the company, valued at approximately $568,409.34. The disclosure for this sale can be found here. Insiders sold a total of 317,920 shares of company stock worth $8,836,508 in the last 90 days. 3.40% of the stock is owned by corporate 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, the Middle East and Africa, and Asia Pacific.

5 Day Chart for NYSE:JNPR

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