V Wealth Management LLC acquired a new stake in shares of Juniper Networks, Inc. (NYSE:JNPR) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 63,043 shares of the network equipment provider’s stock, valued at approximately $1,759,000.
A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Juniper Networks by 3.6% in the first quarter. Vanguard Group Inc. now owns 36,120,137 shares of the network equipment provider’s stock valued at $1,005,224,000 after buying an additional 1,246,424 shares during the period. BlackRock Inc. raised its stake in shares of Juniper Networks by 2,310.0% in the first quarter. BlackRock Inc. now owns 25,175,402 shares of the network equipment provider’s stock valued at $700,629,000 after buying an additional 24,130,800 shares during the last quarter. State Street Corp raised its stake in shares of Juniper Networks by 4.4% in the first quarter. State Street Corp now owns 17,739,857 shares of the network equipment provider’s stock valued at $493,700,000 after buying an additional 751,132 shares during the last quarter. FIL Ltd raised its stake in shares of Juniper Networks by 2.8% in the first quarter. FIL Ltd now owns 10,714,506 shares of the network equipment provider’s stock valued at $298,185,000 after buying an additional 294,968 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. raised its stake in shares of Juniper Networks by 7.8% in the first quarter. Diamond Hill Capital Management Inc. now owns 8,129,305 shares of the network equipment provider’s stock valued at $226,239,000 after buying an additional 591,278 shares during the last quarter. Hedge funds and other institutional investors own 89.49% of the company’s stock.
Shares of Juniper Networks, Inc. (NYSE JNPR) traded up 0.41% during trading on Monday, reaching $29.13. 3,704,971 shares of the company were exchanged. The company has a market capitalization of $11.13 billion, a price-to-earnings ratio of 18.43 and a beta of 1.08. The stock’s 50 day moving average is $29.27 and its 200 day moving average is $28.49. Juniper Networks, Inc. has a 1-year low of $22.12 and a 1-year high of $30.96.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings data on Tuesday, April 25th. The network equipment provider reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.03. Juniper Networks had a net margin of 12.10% and a return on equity of 13.59%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business earned $0.37 earnings per share. Juniper Networks’s quarterly revenue was up 11.2% compared to the same quarter last year. Equities analysts anticipate that Juniper Networks, Inc. will post $2.23 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 22nd. Shareholders of record on Thursday, June 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, May 30th. This represents a $0.40 annualized dividend and a yield of 1.37%. Juniper Networks’s dividend payout ratio (DPR) is currently 25.00%.
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JNPR has been the subject of several research analyst reports. Goldman Sachs Group, Inc. (The) raised their price target on shares of Juniper Networks from $31.00 to $36.00 and gave the stock a “conviction-buy” rating in a research note on Monday, March 27th. Barclays PLC restated an “equal weight” rating on shares of Juniper Networks in a research note on Saturday, April 22nd. Standpoint Research lowered shares of Juniper Networks from a “buy” rating to a “reduce” rating in a research note on Wednesday, May 3rd. Zacks Investment Research lowered shares of Juniper Networks from a “hold” rating to a “sell” rating in a research note on Friday, April 28th. Finally, Cowen and Company raised their price target on shares of Juniper Networks from $30.00 to $32.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 26th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Juniper Networks presently has an average rating of “Hold” and an average target price of $29.97.
In other news, EVP Vincent Molinaro sold 13,792 shares of the stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $28.36, for a total value of $391,141.12. Following the sale, the executive vice president now owns 4,597 shares of the company’s stock, valued at $130,370.92. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Terrance F. Spidell sold 10,600 shares of the stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $29.47, for a total transaction of $312,382.00. Following the completion of the sale, the vice president now directly owns 10,600 shares in the company, valued at approximately $312,382. The disclosure for this sale can be found here. Insiders have sold 188,892 shares of company stock valued at $5,728,423 in the last quarter. 3.40% of the stock is owned by company 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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