Securian Asset Management Inc. reduced its stake in Juniper Networks, Inc. (NYSE:JNPR) by 2.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,056 shares of the network equipment provider’s stock after selling 544 shares during the quarter. Securian Asset Management Inc.’s holdings in Juniper Networks were worth $745,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of JNPR. Arkadios Wealth Advisors increased its stake in shares of Juniper Networks by 61.1% during the 3rd quarter. Arkadios Wealth Advisors now owns 1,289 shares of the network equipment provider’s stock worth $35,000 after purchasing an additional 489 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Juniper Networks by 140.8% during the 2nd quarter. Van ECK Associates Corp now owns 1,370 shares of the network equipment provider’s stock worth $37,000 after purchasing an additional 801 shares during the last quarter. Allworth Financial LP acquired a new position in shares of Juniper Networks during the 3rd quarter worth about $37,000. Itau Unibanco Holding S.A. acquired a new position in shares of Juniper Networks during the 2nd quarter worth about $39,000. Finally, Spire Wealth Management increased its stake in shares of Juniper Networks by 30.3% during the 3rd quarter. Spire Wealth Management now owns 1,720 shares of the network equipment provider’s stock worth $47,000 after purchasing an additional 400 shares during the last quarter. 92.58% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently commented on the stock. Jefferies Financial Group upgraded shares of Juniper Networks from a “hold” rating to a “buy” rating and upped their price target for the company from $28.00 to $42.00 in a research note on Tuesday, December 7th. Needham & Company LLC upped their price target on shares of Juniper Networks from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, November 18th. Morgan Stanley upped their price target on shares of Juniper Networks from $20.00 to $25.00 and gave the company an “underweight” rating in a research note on Wednesday, December 15th. Finally, Zacks Investment Research lowered shares of Juniper Networks from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a research note on Wednesday, September 29th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Juniper Networks presently has an average rating of “Hold” and a consensus price target of $30.91.
NYSE JNPR opened at $34.24 on Monday. The company has a quick ratio of 1.54, a current ratio of 1.67 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $11.13 billion, a P/E ratio of 76.09, a P/E/G ratio of 2.80 and a beta of 0.90. Juniper Networks, Inc. has a 12-month low of $23.12 and a 12-month high of $35.92. The firm has a 50-day moving average price of $32.86 and a two-hundred day moving average price of $29.84.
Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Tuesday, October 26th. The network equipment provider reported $0.46 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.46. Juniper Networks had a net margin of 3.23% and a return on equity of 8.96%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the firm posted $0.30 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Equities analysts expect that Juniper Networks, Inc. will post 1.18 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 22nd. Stockholders of record on Wednesday, December 1st were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date was Tuesday, November 30th. Juniper Networks’s dividend payout ratio (DPR) is presently 177.78%.
In other news, CFO Kenneth Bradley Miller sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, November 1st. The shares were sold at an average price of $29.44, for a total transaction of $176,640.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Stensrud sold 20,000 shares of the stock in a transaction that occurred on Friday, November 5th. The shares were sold at an average price of $31.30, for a total transaction of $626,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,220 shares of company stock valued at $1,524,457. 1.30% of the stock is currently owned by insiders.
About Juniper Networks
Juniper Networks, Inc engages in the design, development, and sale of products and services for high-performance networks. Its products address network requirements for global service provides, cloud providers, national governments, research and public sector organizations, and other enterprises. The company was founded by Pradeep S.
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