Juniper Networks, Inc. (JNPR) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. cut its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 57.1% during the first quarter, Holdings Channel reports. The fund owned 10,050 shares of the network equipment provider’s stock after selling 13,350 shares during the period. Daiwa Securities Group Inc.’s holdings in Juniper Networks were worth $280,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of JNPR. DekaBank Deutsche Girozentrale boosted its position in Juniper Networks by 21.7% in the first quarter. DekaBank Deutsche Girozentrale now owns 114,492 shares of the network equipment provider’s stock worth $3,206,000 after buying an additional 20,436 shares during the last quarter. Bbva Compass Bancshares Inc. boosted its position in Juniper Networks by 16.2% in the first quarter. Bbva Compass Bancshares Inc. now owns 74,399 shares of the network equipment provider’s stock worth $2,070,000 after buying an additional 10,394 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its position in Juniper Networks by 7.8% in the first quarter. Diamond Hill Capital Management Inc. now owns 8,129,305 shares of the network equipment provider’s stock worth $226,239,000 after buying an additional 591,278 shares during the last quarter. First Trust Advisors LP boosted its position in Juniper Networks by 7.0% in the first quarter. First Trust Advisors LP now owns 5,821,751 shares of the network equipment provider’s stock worth $162,019,000 after buying an additional 381,281 shares during the last quarter. Finally, LSV Asset Management boosted its position in Juniper Networks by 42.4% in the first quarter. LSV Asset Management now owns 4,118,318 shares of the network equipment provider’s stock worth $114,612,000 after buying an additional 1,227,063 shares during the last quarter. 85.69% of the stock is owned by hedge funds and other institutional investors.

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

Juniper Networks, Inc. (NYSE:JNPR) traded down 0.017% during mid-day trading on Friday, reaching $29.585. The company’s stock had a trading volume of 1,173,109 shares. Juniper Networks, Inc. has a 52-week low of $21.18 and a 52-week high of $30.96. The firm has a 50 day moving average price of $29.04 and a 200 day moving average price of $27.92. The company has a market cap of $11.30 billion, a price-to-earnings ratio of 18.713 and a beta of 1.23.

Juniper Networks (NYSE:JNPR) last announced its earnings results on Tuesday, April 25th. The network equipment provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Juniper Networks had a return on equity of 13.19% and a net margin of 12.05%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the business earned $0.37 EPS. The company’s revenue was up 11.2% compared to the same quarter last year. Equities research analysts anticipate that Juniper Networks, Inc. will post $2.23 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 22nd. Stockholders of record on Thursday, June 1st will be paid a $0.10 dividend. The ex-dividend date is Tuesday, May 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.35%. Juniper Networks’s payout ratio is presently 25.81%.

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A number of research firms have issued reports on JNPR. Standpoint Research cut Juniper Networks from a “buy” rating to a “reduce” rating in a research note on Wednesday, May 3rd. Robert W. Baird reissued a “neutral” rating and issued a $30.00 target price (up from $27.00) on shares of Juniper Networks in a research note on Saturday, April 29th. Zacks Investment Research cut Juniper Networks from a “hold” rating to a “sell” rating in a research note on Friday, April 28th. Cowen and Company boosted their target price on Juniper Networks from $30.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, April 26th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $30.00 target price (up from $27.00) on shares of Juniper Networks in a research note on Wednesday, April 26th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Juniper Networks presently has a consensus rating of “Hold” and a consensus price target of $29.96.

In other news, EVP Vincent Molinaro sold 13,792 shares of the business’s stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $28.36, for a total value of $391,141.12. Following the transaction, the executive vice president now owns 4,597 shares in the company, valued at approximately $130,370.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Pradeep Sindhu sold 76,900 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $30.53, for a total value of $2,347,757.00. Following the completion of the transaction, the director now owns 40,773 shares in the company, valued at approximately $1,244,799.69. The disclosure for this sale can be found here. Insiders sold a total of 277,777 shares of company stock worth $8,250,123 in the last 90 days. Company insiders own 3.40% of the company’s stock.

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.

5 Day Chart for NYSE:JNPR

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