Decatur Capital Management Inc. grew its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 6.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 337,670 shares of the network equipment provider’s stock after purchasing an additional 19,275 shares during the period. Decatur Capital Management Inc. owned about 0.09% of Juniper Networks worth $9,397,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in JNPR. OppenheimerFunds Inc. grew its position in shares of Juniper Networks by 11.0% during the 1st quarter. OppenheimerFunds Inc. now owns 22,288 shares of the network equipment provider’s stock worth $620,000 after purchasing an additional 2,214 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Juniper Networks by 6.6% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 46,374 shares of the network equipment provider’s stock worth $1,291,000 after purchasing an additional 2,874 shares in the last quarter. DnB Asset Management AS grew its position in shares of Juniper Networks by 23.3% during the 2nd quarter. DnB Asset Management AS now owns 39,627 shares of the network equipment provider’s stock worth $1,105,000 after purchasing an additional 7,500 shares in the last quarter. Smith Graham & Co. Investment Advisors LP grew its position in shares of Juniper Networks by 21.3% during the 2nd quarter. Smith Graham & Co. Investment Advisors LP now owns 145,420 shares of the network equipment provider’s stock worth $4,054,000 after purchasing an additional 25,490 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in shares of Juniper Networks during the 2nd quarter worth approximately $719,000. Hedge funds and other institutional investors own 90.97% of the company’s stock.
In other Juniper Networks news, CEO Rami Rahim sold 5,300 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $27.47, for a total value of $145,591.00. Following the completion of the transaction, the chief executive officer now directly owns 469,607 shares in the company, valued at approximately $12,900,104.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 26,700 shares of company stock valued at $732,107 over the last 90 days. Company insiders own 2.60% of the company’s stock.
JNPR has been the topic of several analyst reports. BidaskClub lowered shares of Juniper Networks from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. UBS AG reduced their price target on shares of Juniper Networks from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 25th. William Blair reiterated a “hold” rating on shares of Juniper Networks in a research report on Wednesday, October 25th. Zacks Investment Research lowered shares of Juniper Networks from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, BMO Capital Markets reduced their price target on shares of Juniper Networks from $34.00 to $31.00 and set an “outperform” rating on the stock in a research report on Thursday, October 12th. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $29.61.
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Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data on Tuesday, October 24th. The network equipment provider reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.03). Juniper Networks had a return on equity of 13.80% and a net margin of 12.77%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the company posted $0.58 earnings per share. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be issued a $0.10 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.40 annualized dividend and a yield of 1.64%. Juniper Networks’s dividend payout ratio (DPR) is presently 23.26%.
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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