Intellectus Partners LLC continued to hold its position in Juniper Networks, Inc. (NYSE:JNPR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,714 shares of the network equipment provider’s stock at the close of the second quarter. Intellectus Partners LLC’s holdings in Juniper Networks were worth $187,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Creative Planning raised its holdings in Juniper Networks by 0.4% in the second quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock worth $131,000 after purchasing an additional 21 shares in the last quarter. Acrospire Investment Management LLC raised its holdings in Juniper Networks by 4.3% in the second quarter. Acrospire Investment Management LLC now owns 4,890 shares of the network equipment provider’s stock worth $136,000 after purchasing an additional 201 shares in the last quarter. Petrus Trust Company LTA bought a new position in Juniper Networks in the second quarter worth $204,000. Menta Capital LLC bought a new position in Juniper Networks in the first quarter worth $205,000. Finally, River Wealth Advisors LLC bought a new position in Juniper Networks in the second quarter worth $206,000. Institutional investors and hedge funds own 90.16% of the company’s stock.
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Juniper Networks, Inc. (NYSE JNPR) traded up 0.67% during trading on Friday, reaching $25.64. The company had a trading volume of 1,644,392 shares. Juniper Networks, Inc. has a 52 week low of $22.41 and a 52 week high of $30.96. The firm has a market capitalization of $9.75 billion, a price-to-earnings ratio of 15.34 and a beta of 1.09. The company’s 50-day moving average is $27.61 and its 200 day moving average is $28.45.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 EPS for the quarter, topping the 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 business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the business posted $0.50 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Equities analysts anticipate that Juniper Networks, Inc. will post $2.23 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.57%. Juniper Networks’s dividend payout ratio is currently 23.39%.
A number of equities analysts have issued reports on the company. OTR Global downgraded Juniper Networks to a “positive” rating in a report on Friday. MKM Partners cut their target price on Juniper Networks and set a “neutral” rating on the stock in a research note on Thursday. Robert W. Baird reissued a “hold” rating and issued a $28.00 target price on shares of Juniper Networks in a research note on Thursday. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $35.00 target price on shares of Juniper Networks in a research note on Thursday. Finally, Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $30.36.
In related news, CEO Rami Rahim sold 16,000 shares of Juniper Networks stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $27.43, for a total value of $438,880.00. Following the completion of the transaction, the chief executive officer now directly owns 469,607 shares in the company, valued at $12,881,320.01. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Vincent Molinaro sold 5,031 shares of Juniper Networks stock in a transaction on Tuesday, July 25th. The shares were 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 have sold 35,044 shares of company stock valued at $974,774. Company insiders own 3.40% of the company’s stock.
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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