Public Employees Retirement System of Ohio cut its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 5.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 173,839 shares of the network equipment provider’s stock after selling 10,221 shares during the period. Public Employees Retirement System of Ohio’s holdings in Juniper Networks were worth $4,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Juniper Networks in the third quarter worth about $111,000. Acrospire Investment Management LLC raised its position in shares of Juniper Networks by 4.3% in the second quarter. Acrospire Investment Management LLC now owns 4,890 shares of the network equipment provider’s stock worth $136,000 after acquiring an additional 201 shares during the period. Stevens First Principles Investment Advisors raised its position in shares of Juniper Networks by 40.9% in the third quarter. Stevens First Principles Investment Advisors now owns 7,045 shares of the network equipment provider’s stock worth $196,000 after acquiring an additional 2,045 shares during the period. Petrus Trust Company LTA acquired a new position in shares of Juniper Networks in the second quarter worth about $204,000. Finally, Synovus Financial Corp raised its position in shares of Juniper Networks by 1.9% in the second quarter. Synovus Financial Corp now owns 7,462 shares of the network equipment provider’s stock worth $208,000 after acquiring an additional 139 shares during the period. Institutional investors own 90.63% of the company’s stock.
In other news, CEO Rami Rahim sold 5,400 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $26.35, for a total value of $142,290.00. Following the completion of the sale, the chief executive officer now owns 469,607 shares of the company’s stock, valued at approximately $12,374,144.45. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Rahul N. Merchant purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was purchased at an average cost of $24.48 per share, with a total value of $48,960.00. Following the purchase, the director now owns 22,543 shares in the company, valued at $551,852.64. The disclosure for this purchase can be found here. 2.60% of the stock is currently owned by corporate insiders.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share (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 analysts’ expectations of $1.26 billion. During the same period in the prior year, the company posted $0.58 EPS. The firm’s revenue was down 2.1% on a year-over-year basis. equities analysts expect that Juniper Networks, Inc. will post 1.7 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 1st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.40 annualized dividend and a yield of 1.39%. Juniper Networks’s dividend payout ratio is presently 23.95%.
A number of research analysts have weighed in 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. Needham & Company LLC restated a “hold” rating on shares of Juniper Networks in a research report on Tuesday, September 12th. Zacks Investment Research downgraded shares of Juniper Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Barclays reduced their price target on shares of Juniper Networks from $32.00 to $28.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 25th. Finally, Stifel Nicolaus started coverage on shares of Juniper Networks in a research report on Thursday, December 14th. They set a “hold” rating and a $28.00 price target for the company. Five research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $29.04.
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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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