Two Sigma Investments LP lifted its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 210.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,271,697 shares of the network equipment provider’s stock after purchasing an additional 861,500 shares during the quarter. Two Sigma Investments LP’s holdings in Juniper Networks were worth $36,243,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in the stock. Two Sigma Advisers LP grew its holdings in shares of Juniper Networks by 84.9% during the 4th quarter. Two Sigma Advisers LP now owns 3,581,931 shares of the network equipment provider’s stock valued at $102,085,000 after purchasing an additional 1,644,295 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new stake in Juniper Networks during the 4th quarter worth approximately $2,611,000. Franklin Resources Inc. boosted its position in Juniper Networks by 182.1% during the 4th quarter. Franklin Resources Inc. now owns 22,034 shares of the network equipment provider’s stock worth $628,000 after buying an additional 14,223 shares during the period. Brandywine Global Investment Management LLC boosted its position in Juniper Networks by 3.0% during the 4th quarter. Brandywine Global Investment Management LLC now owns 344,611 shares of the network equipment provider’s stock worth $9,822,000 after buying an additional 9,998 shares during the period. Finally, Advisor Group Inc. boosted its position in Juniper Networks by 207.1% during the 4th quarter. Advisor Group Inc. now owns 31,986 shares of the network equipment provider’s stock worth $911,000 after buying an additional 21,572 shares during the period. 95.58% of the stock is currently owned by institutional investors.
Several equities research analysts recently commented on JNPR shares. Deutsche Bank reiterated a “sell” rating and set a $20.00 target price on shares of Juniper Networks in a research report on Friday, January 5th. Wells Fargo & Co started coverage on shares of Juniper Networks in a research report on Tuesday, November 14th. They set a “market perform” rating and a $25.00 target price on the stock. ValuEngine upgraded shares of Juniper Networks from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. CIBC upgraded shares of Juniper Networks from a “market perform” rating to an “outperform” rating in a research report on Monday, January 22nd. Finally, Raymond James Financial set a $31.00 target price on shares of Juniper Networks and gave the stock a “buy” rating in a research report on Thursday, December 7th. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $28.61.
Juniper Networks (NYSE:JNPR) last released its earnings results on Tuesday, January 30th. The network equipment provider reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.01. Juniper Networks had a net margin of 6.26% and a return on equity of 13.34%. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the company earned $0.66 EPS. Juniper Networks’s quarterly revenue was down 10.5% compared to the same quarter last year. research analysts expect that Juniper Networks, Inc. will post 1.34 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 1st will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.73%. 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 payout ratio is presently 88.89%.
Juniper Networks announced that its Board of Directors has approved a share buyback plan on Tuesday, January 30th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the network equipment provider to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
In other Juniper Networks news, VP Terrance F. Spidell sold 8,409 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $26.47, for a total transaction of $222,586.23. Following the completion of the sale, the vice president now owns 3,944 shares in the company, valued at approximately $104,397.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Stensrud sold 10,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $26.17, for a total transaction of $261,700.00. Following the sale, the director now owns 5,531 shares of the company’s stock, valued at approximately $144,746.27. The disclosure for this sale can be found here. Insiders have sold a total of 42,813 shares of company stock worth $1,124,709 in the last quarter. 2.60% of the stock is owned by corporate insiders.
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Juniper Networks 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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