Dimensional Fund Advisors LP boosted its position in Juniper Networks, Inc. (NYSE:JNPR) by 35.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,445,011 shares of the network equipment provider’s stock after buying an additional 1,151,391 shares during the period. Dimensional Fund Advisors LP’s holdings in Juniper Networks were worth $123,698,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of JNPR. Geode Capital Management LLC increased its stake in Juniper Networks by 14.0% in the first quarter. Geode Capital Management LLC now owns 4,938,846 shares of the network equipment provider’s stock valued at $137,304,000 after buying an additional 606,393 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Juniper Networks by 1.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,885 shares of the network equipment provider’s stock valued at $275,000 after buying an additional 133 shares during the last quarter. Vanguard Group Inc. increased its stake in Juniper Networks by 3.6% in the first quarter. Vanguard Group Inc. now owns 36,120,137 shares of the network equipment provider’s stock valued at $1,005,224,000 after buying an additional 1,246,424 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its stake in Juniper Networks by 12.6% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 18,012 shares of the network equipment provider’s stock valued at $501,000 after buying an additional 2,010 shares during the last quarter. Finally, Menta Capital LLC bought a new stake in Juniper Networks during the first quarter valued at $205,000. Institutional investors own 89.49% of the company’s stock.
Juniper Networks, Inc. (NYSE JNPR) traded down 0.96% during midday trading on Tuesday, hitting $28.91. The stock had a trading volume of 1,602,660 shares. Juniper Networks, Inc. has a 52-week low of $21.17 and a 52-week high of $30.96. The firm has a market capitalization of $11.05 billion, a P/E ratio of 18.29 and a beta of 1.01. The firm has a 50-day moving average of $29.80 and a 200 day moving average of $28.46.
Juniper Networks (NYSE:JNPR) last posted its earnings results on Tuesday, April 25th. The network equipment provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. Juniper Networks had a net margin of 8.91% and a return on equity of 8.74%. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.37 earnings per share. On average, equities analysts forecast that Juniper Networks, Inc. will post $2.23 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Thursday, June 1st will be given 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 1.37%. Juniper Networks’s dividend payout ratio (DPR) is currently 25.00%.
Several analysts recently weighed in on the company. KeyCorp assumed coverage on Juniper Networks in a research note on Monday, June 5th. They issued a “hold” rating and a $31.00 price target on the stock. Pacific Crest assumed coverage on Juniper Networks in a research note on Monday, June 5th. They issued a “sector weight” rating and a $31.00 price target on the stock. ValuEngine upgraded Juniper Networks from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Standpoint Research downgraded Juniper Networks from a “buy” rating to a “reduce” rating in a research note on Wednesday, May 3rd. Finally, Robert W. Baird restated a “neutral” rating and issued a $30.00 price target (up previously from $27.00) on shares of Juniper Networks in a research note on Saturday, April 29th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $30.06.
In other Juniper Networks news, CEO Rami Rahim sold 10,700 shares of the company’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $30.64, for a total value of $327,848.00. Following the completion of the transaction, the chief executive officer now owns 469,607 shares in the company, valued at $14,388,758.48. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Pradeep Sindhu sold 76,900 shares of the company’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $30.53, for a total transaction of $2,347,757.00. Following the completion of the transaction, the director now owns 40,773 shares of the company’s stock, valued at approximately $1,244,799.69. The disclosure for this sale can be found here. In the last quarter, insiders sold 188,892 shares of company stock valued at $5,728,423. 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.
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