AMP Capital Investors Ltd increased its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 7.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 241,979 shares of the network equipment provider’s stock after buying an additional 16,967 shares during the quarter. AMP Capital Investors Ltd owned 0.06% of Juniper Networks worth $6,734,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in JNPR. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Juniper Networks during the 3rd quarter worth $111,000. Acrospire Investment Management LLC lifted its position in shares of Juniper Networks by 4.3% during 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 last quarter. Stevens First Principles Investment Advisors lifted its position in shares of Juniper Networks by 40.9% during the 3rd quarter. Stevens First Principles Investment Advisors now owns 7,045 shares of the network equipment provider’s stock worth $196,000 after buying an additional 2,045 shares during the last quarter. Petrus Trust Company LTA bought a new stake in shares of Juniper Networks during the 2nd quarter worth $204,000. Finally, Synovus Financial Corp lifted its position in shares of Juniper Networks by 1.9% during 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 last quarter. Institutional investors and hedge funds own 90.94% of the company’s stock.
JNPR has been the subject of a number of recent research reports. Raymond James Financial set a $31.00 target price on Juniper Networks and gave the stock a “buy” rating in a report on Thursday, December 7th. Robert W. Baird reissued a “hold” rating and issued a $26.00 price target on shares of Juniper Networks in a research note on Thursday, November 30th. ValuEngine raised Juniper Networks from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Wells Fargo & Company started coverage on Juniper Networks in a research note on Tuesday, November 14th. They issued a “market perform” rating and a $25.00 price target for the company. Finally, Cowen reissued a “hold” rating and issued a $28.00 price target on shares of Juniper Networks in a research note on Friday, October 27th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $29.25.
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 consensus estimate of $0.58 by ($0.03). Juniper Networks had a net margin of 12.77% and a return on equity of 13.81%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the company earned $0.58 EPS. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. analysts predict that Juniper Networks, Inc. will post 1.7 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.37%. Juniper Networks’s payout ratio is 23.95%.
In other news, Director Rahul N. Merchant purchased 2,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were acquired at an average price of $24.48 per share, for a total transaction of $48,960.00. Following the completion of the acquisition, the director now owns 22,543 shares in the company, valued at $551,852.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Rami Rahim sold 16,100 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was 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 owns 469,607 shares in the company, valued at approximately $12,322,487.68. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.
COPYRIGHT VIOLATION NOTICE: “Juniper Networks, Inc. (JNPR) Position Increased by AMP Capital Investors Ltd” was posted by Community Financial News and is owned by of Community Financial News. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://www.com-unik.info/2017/12/14/juniper-networks-inc-jnpr-position-increased-by-amp-capital-investors-ltd.html.
Juniper Networks 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.
Want to see what other hedge funds are holding JNPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Juniper Networks, Inc. (NYSE:JNPR).
What are top analysts saying about Juniper Networks? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Juniper Networks and related companies.