Juniper Networks, Inc. (JNPR) Holdings Reduced by Comerica Bank

Comerica Bank trimmed its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 19.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 66,822 shares of the network equipment provider’s stock after selling 16,219 shares during the period. Comerica Bank’s holdings in Juniper Networks were worth $1,843,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Nippon Life Global Investors Americas Inc. boosted its stake in Juniper Networks by 16.7% during the 3rd quarter. Nippon Life Global Investors Americas Inc. now owns 213,650 shares of the network equipment provider’s stock valued at $6,403,000 after purchasing an additional 30,610 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Juniper Networks by 2.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,517,043 shares of the network equipment provider’s stock valued at $45,466,000 after buying an additional 40,898 shares during the period. Arizona State Retirement System lifted its holdings in shares of Juniper Networks by 1.0% during the 3rd quarter. Arizona State Retirement System now owns 226,298 shares of the network equipment provider’s stock valued at $6,782,000 after buying an additional 2,239 shares during the period. FNY Investment Advisers LLC lifted its holdings in shares of Juniper Networks by 18,418.5% during the 3rd quarter. FNY Investment Advisers LLC now owns 10,000 shares of the network equipment provider’s stock valued at $298,000 after buying an additional 9,946 shares during the period. Finally, Assenagon Asset Management S.A. bought a new position in shares of Juniper Networks during the 3rd quarter valued at $2,502,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

Shares of Juniper Networks stock opened at $28.71 on Friday. Juniper Networks, Inc. has a one year low of $23.61 and a one year high of $30.80. The firm has a market capitalization of $9.87 billion, a P/E ratio of 16.60, a P/E/G ratio of 3.92 and a beta of 0.88. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.38.

Juniper Networks (NYSE:JNPR) last announced its earnings results on Tuesday, October 23rd. The network equipment provider reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.10. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Juniper Networks had a return on equity of 10.42% and a net margin of 4.82%. Juniper Networks’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period last year, the firm earned $0.55 EPS. As a group, analysts forecast that Juniper Networks, Inc. will post 1.32 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 26th. Shareholders of record on Wednesday, December 5th will be issued a dividend of $0.18 per share. The ex-dividend date is Tuesday, December 4th. This represents a $0.72 dividend on an annualized basis and a yield of 2.51%. Juniper Networks’s dividend payout ratio is presently 41.62%.

JNPR has been the topic of several research analyst reports. Oppenheimer reissued a “buy” rating on shares of Juniper Networks in a report on Tuesday, August 7th. JPMorgan Chase & Co. reissued a “sell” rating on shares of Juniper Networks in a report on Tuesday, September 18th. Nomura raised Juniper Networks from a “neutral” rating to a “buy” rating and increased their price target for the company from $28.00 to $34.00 in a report on Wednesday, September 19th. ValuEngine raised Juniper Networks from a “hold” rating to a “buy” rating in a report on Saturday, September 22nd. Finally, TheStreet raised Juniper Networks from a “c+” rating to a “b-” rating in a report on Thursday, September 20th. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $28.10.

In other Juniper Networks news, Director William Stensrud sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $30.42, for a total transaction of $304,200.00. Following the sale, the director now directly owns 5,531 shares of the company’s stock, valued at $168,253.02. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Rami Rahim sold 5,400 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $30.44, for a total value of $164,376.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 133,839 shares of company stock worth $3,987,726. Insiders own 2.60% of the company’s stock.

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Juniper Networks Profile

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.

See Also: Balance Sheet

Institutional Ownership by Quarter for Juniper Networks (NYSE:JNPR)

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