Hudson Bay Capital Management LP purchased a new stake in Juniper Networks, Inc. (NYSE:JNPR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 500,000 shares of the network equipment provider’s stock, valued at approximately $14,250,000.
Other institutional investors have also recently bought and sold shares of the company. Bbva Compass Bancshares Inc. raised its holdings in shares of Juniper Networks by 6.3% in the 4th quarter. Bbva Compass Bancshares Inc. now owns 141,051 shares of the network equipment provider’s stock worth $4,019,000 after buying an additional 8,385 shares in the last quarter. Insight 2811 Inc. grew its position in Juniper Networks by 39.4% during the 4th quarter. Insight 2811 Inc. now owns 33,270 shares of the network equipment provider’s stock worth $948,000 after acquiring an additional 9,400 shares during the last quarter. Standard Life Aberdeen plc grew its position in Juniper Networks by 18.4% during the 4th quarter. Standard Life Aberdeen plc now owns 1,049,605 shares of the network equipment provider’s stock worth $29,919,000 after acquiring an additional 163,343 shares during the last quarter. Ontario Teachers Pension Plan Board grew its position in Juniper Networks by 37.1% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 29,175 shares of the network equipment provider’s stock worth $831,000 after acquiring an additional 7,901 shares during the last quarter. Finally, Synovus Financial Corp grew its position in Juniper Networks by 27.1% during the 4th quarter. Synovus Financial Corp now owns 9,979 shares of the network equipment provider’s stock worth $286,000 after acquiring an additional 2,126 shares during the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently commented on JNPR. Robert W. Baird restated a “hold” rating and set a $26.00 price target on shares of Juniper Networks in a research report on Thursday, November 30th. Loop Capital began coverage on Juniper Networks in a research report on Monday, January 29th. They set a “hold” rating and a $30.00 price target on the stock. Barclays lowered Juniper Networks from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $28.00 to $25.00 in a research report on Wednesday, January 17th. ValuEngine upgraded Juniper Networks from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. Finally, Wells Fargo & Co started coverage on Juniper Networks in a research report on Tuesday, November 14th. They issued a “market perform” rating and a $25.00 price objective on the stock. Five investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $28.61.
Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data on Tuesday, January 30th. The network equipment provider reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. Juniper Networks had a return on equity of 13.34% and a net margin of 6.26%. The firm’s revenue was down 10.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 EPS. analysts expect that Juniper Networks, Inc. will post 1.34 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 1st will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Wednesday, February 28th. This is an increase from Juniper Networks’s previous quarterly dividend of $0.10. Juniper Networks’s dividend payout ratio (DPR) is presently 49.38%.
Juniper Networks declared that its Board of Directors has authorized a stock buyback plan on Tuesday, January 30th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the network equipment provider to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
In other Juniper Networks news, EVP Vincent Molinaro sold 7,647 shares of Juniper Networks stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $26.21, for a total value of $200,427.87. Following the sale, the executive vice president now owns 17,989 shares of the company’s stock, valued at approximately $471,491.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Terrance F. Spidell sold 8,409 shares of Juniper Networks stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $26.47, for a total value of $222,586.23. Following the completion of the sale, the vice president now directly owns 3,944 shares in the company, valued at approximately $104,397.68. The disclosure for this sale can be found here. Insiders have sold a total of 16,713 shares of company stock worth $440,221 in the last ninety days. 2.60% of the stock is currently owned by company insiders.
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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.
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