Stifel Financial Corp increased its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 9.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,872 shares of the network equipment provider’s stock after acquiring an additional 10,465 shares during the quarter. Stifel Financial Corp’s holdings in Juniper Networks were worth $3,480,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Creative Planning increased its holdings in shares of Juniper Networks by 0.4% in the 2nd quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock valued at $131,000 after acquiring an additional 21 shares during the period. Acrospire Investment Management LLC increased its holdings in shares of Juniper Networks by 4.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 4,890 shares of the network equipment provider’s stock valued at $136,000 after acquiring an additional 201 shares during the period. Menta Capital LLC acquired a new position in shares of Juniper Networks in the 1st quarter valued at $205,000. River Wealth Advisors LLC acquired a new position in shares of Juniper Networks in the 2nd quarter valued at $206,000. Finally, Synovus Financial Corp increased its holdings in shares of Juniper Networks by 1.9% in the 2nd quarter. Synovus Financial Corp now owns 7,462 shares of the network equipment provider’s stock valued at $208,000 after acquiring an additional 139 shares during the period. 90.16% of the stock is currently owned by institutional investors and hedge funds.
In other Juniper Networks news, CEO Rami Rahim sold 5,400 shares of Juniper Networks stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $27.34, for a total value of $147,636.00. Following the transaction, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at approximately $12,839,055.38. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Vincent Molinaro sold 5,031 shares of Juniper Networks stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $30.00, for a total value of $150,930.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,044 shares of company stock valued at $974,774. Corporate insiders own 3.40% of the company’s stock.
Shares of Juniper Networks, Inc. (NYSE:JNPR) opened at 27.31 on Wednesday. The firm has a market cap of $10.39 billion, a P/E ratio of 16.34 and a beta of 1.09. Juniper Networks, Inc. has a 12 month low of $22.41 and a 12 month high of $30.96. The firm has a 50-day moving average of $27.68 and a 200 day moving average of $28.49.
Juniper Networks (NYSE:JNPR) last posted its earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the company earned $0.50 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities research analysts anticipate that Juniper Networks, Inc. will post $2.24 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 1st were issued a $0.10 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.40 annualized dividend and a yield of 1.46%. Juniper Networks’s dividend payout ratio (DPR) is currently 23.39%.
A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Juniper Networks from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a report on Wednesday, August 16th. Bank of America Corporation cut shares of Juniper Networks from a “buy” rating to a “neutral” rating in a research note on Wednesday. BidaskClub cut shares of Juniper Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Drexel Hamilton reissued a “buy” rating and issued a $37.00 price objective on shares of Juniper Networks in a research note on Thursday, July 20th. Finally, UBS AG reissued a “neutral” rating and issued a $30.00 price objective (up from $28.00) on shares of Juniper Networks in a research note on Wednesday, July 26th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $30.91.
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.
Want to see what other hedge funds are holding JNPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Juniper Networks, Inc. (NYSE:JNPR).
What are top analysts saying about Juniper Networks Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Juniper Networks Inc. and related companies.