Strs Ohio grew its position in Juniper Networks, Inc. (NYSE:JNPR) by 4.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,605 shares of the network equipment provider’s stock after purchasing an additional 2,249 shares during the quarter. Strs Ohio’s holdings in Juniper Networks were worth $1,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Creative Planning raised its stake in shares of Juniper Networks by 0.4% in the second 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 stake in 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 worth $136,000 after buying an additional 201 shares during the period. Petrus Trust Company LTA purchased a new position in Juniper Networks in the 2nd quarter worth about $204,000. River Wealth Advisors LLC purchased a new position in Juniper Networks in the 2nd quarter worth about $206,000. Finally, Synovus Financial Corp increased its stake in Juniper Networks by 1.9% in the 2nd quarter. Synovus Financial Corp now owns 7,462 shares of the network equipment provider’s stock worth $208,000 after buying an additional 139 shares during the period. Institutional investors and hedge funds own 90.97% of the company’s stock.
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A number of research analysts have commented on the stock. BidaskClub downgraded shares of Juniper Networks from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. UBS AG lowered their price target on shares of Juniper Networks from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday, October 25th. William Blair restated a “hold” rating on shares of Juniper Networks in a 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 for the company in a research report on Thursday, October 12th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $29.61.
In other Juniper Networks news, CEO Rami Rahim sold 5,300 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $27.47, for a total value of $145,591.00. Following 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 26,700 shares of company stock valued at $732,107 over the last ninety days. Insiders own 2.60% of the company’s stock.
Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.03). The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. Juniper Networks had a net margin of 12.77% and a return on equity of 13.80%. The company’s revenue was down 2.1% on a year-over-year basis. During the same period last year, the company earned $0.58 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.64%. Juniper Networks’s dividend payout ratio is 23.26%.
About Juniper Networks
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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