Dupont Capital Management Corp raised its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 70.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 211,841 shares of the network equipment provider’s stock after purchasing an additional 87,550 shares during the quarter. Dupont Capital Management Corp owned 0.06% of Juniper Networks worth $5,896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Juniper Networks by 6.4% during the second quarter. Vanguard Group Inc. now owns 38,434,820 shares of the network equipment provider’s stock valued at $1,071,564,000 after purchasing an additional 2,314,683 shares during the last quarter. Dodge & Cox raised its stake in shares of Juniper Networks by 0.4% during the second quarter. Dodge & Cox now owns 17,690,957 shares of the network equipment provider’s stock worth $493,224,000 after acquiring an additional 74,877 shares in the last quarter. Diamond Hill Capital Management Inc. raised its stake in shares of Juniper Networks by 12.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 12,764,160 shares of the network equipment provider’s stock worth $355,227,000 after acquiring an additional 1,386,036 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Juniper Networks by 1.3% during the third quarter. First Trust Advisors LP now owns 7,215,837 shares of the network equipment provider’s stock worth $200,817,000 after acquiring an additional 91,809 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Juniper Networks by 197.7% during the second quarter. Renaissance Technologies LLC now owns 5,427,091 shares of the network equipment provider’s stock worth $151,307,000 after acquiring an additional 3,604,200 shares in the last quarter. Institutional investors and hedge funds own 90.97% of the company’s stock.
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Shares of Juniper Networks, Inc. (NYSE:JNPR) opened at $24.55 on Friday. The firm has a market cap of $9,380.46, a P/E ratio of 13.49, a price-to-earnings-growth ratio of 1.95 and a beta of 1.05. The company has a current ratio of 2.72, a quick ratio of 2.48 and a debt-to-equity ratio of 0.41.
Juniper Networks (NYSE:JNPR) last announced its earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.03). Juniper Networks had a net margin of 12.77% and a return on equity of 13.80%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the firm posted $0.58 EPS. The business’s quarterly revenue was down 2.1% on a year-over-year basis. equities analysts forecast that Juniper Networks, Inc. will post 1.7 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Thursday, November 30th. Juniper Networks’s dividend payout ratio (DPR) is presently 23.26%.
Several research firms have commented on JNPR. BidaskClub downgraded shares of Juniper Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. UBS AG decreased 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 note on Wednesday, October 25th. William Blair reissued a “hold” rating on shares of Juniper Networks in a research note on Wednesday, October 25th. Zacks Investment Research downgraded shares of Juniper Networks from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, BMO Capital Markets decreased 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 note on Thursday, October 12th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $29.61.
In other news, CEO Rami Rahim sold 16,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $27.43, for a total transaction of $438,880.00. Following the sale, the chief executive officer now owns 469,607 shares in the company, valued at approximately $12,881,320.01. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 26,700 shares of company stock worth $732,107. Company insiders own 2.60% 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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