Commerzbank Aktiengesellschaft FI raised its stake in Juniper Networks, Inc. (NYSE:JNPR) by 8.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,347 shares of the network equipment provider’s stock after acquiring an additional 4,503 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Juniper Networks were worth $1,596,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Creative Planning increased its stake 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 purchasing an additional 21 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of Juniper Networks by 0.3% in the 2nd quarter. D.A. Davidson & CO. now owns 8,348 shares of the network equipment provider’s stock valued at $232,000 after purchasing an additional 24 shares during the last quarter. Cadence Capital Management LLC increased its stake in shares of Juniper Networks by 0.5% in the 2nd quarter. Cadence Capital Management LLC now owns 12,930 shares of the network equipment provider’s stock valued at $360,000 after purchasing an additional 63 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Juniper Networks by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 43,173 shares of the network equipment provider’s stock valued at $1,204,000 after purchasing an additional 121 shares during the last quarter. Finally, Synovus Financial Corp increased its stake 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 purchasing an additional 139 shares during the last quarter. 90.94% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on the company. Robert W. Baird reiterated a “hold” rating and issued a $26.00 price target on shares of Juniper Networks in a research note on Thursday, November 30th. ValuEngine upgraded Juniper Networks from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. BidaskClub lowered Juniper Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Needham & Company LLC reiterated a “hold” rating on shares of Juniper Networks in a research note on Tuesday, September 12th. Finally, BMO Capital Markets restated a “buy” rating and set a $34.00 price objective on shares of Juniper Networks in a research report on Wednesday, August 23rd. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Juniper Networks has a consensus rating of “Hold” and an average price target of $29.42.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). Juniper Networks had a net margin of 12.77% and a return on equity of 13.81%. 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 firm posted $0.58 EPS. The company’s quarterly revenue was down 2.1% on a year-over-year basis. analysts forecast that Juniper Networks, Inc. will post 1.7 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.43%. Juniper Networks’s dividend payout ratio (DPR) is presently 23.26%.
In other Juniper Networks news, Director Rahul N. Merchant acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were bought at an average cost of $24.48 per share, with a total value of $48,960.00. Following the purchase, the director now directly owns 22,543 shares of the company’s stock, valued at $551,852.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rami Rahim sold 16,100 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $26.24, for a total value of $422,464.00. Following the completion of the transaction, the chief executive officer now directly owns 469,607 shares in the company, valued at $12,322,487.68. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.
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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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