State Board of Administration of Florida Retirement System lowered its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 2.3% during the first quarter, Holdings Channel reports. The fund owned 554,115 shares of the network equipment provider’s stock after selling 13,057 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Juniper Networks were worth $14,667,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund boosted its holdings in shares of Juniper Networks by 3,660.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,325,540 shares of the network equipment provider’s stock valued at $161,000 after purchasing an additional 4,210,511 shares during the last quarter. Norges Bank acquired a new position in shares of Juniper Networks in the 4th quarter valued at $85,569,000. Pzena Investment Management LLC acquired a new position in shares of Juniper Networks in the 4th quarter valued at $70,194,000. TIAA CREF Investment Management LLC boosted its holdings in shares of Juniper Networks by 114.4% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 3,554,872 shares of the network equipment provider’s stock valued at $106,540,000 after purchasing an additional 1,896,554 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its holdings in shares of Juniper Networks by 427.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,636,455 shares of the network equipment provider’s stock valued at $49,045,000 after purchasing an additional 1,325,926 shares during the last quarter. Hedge funds and other institutional investors own 90.57% of the company’s stock.
In related news, Director William Stensrud sold 35,000 shares of Juniper Networks stock in a transaction on Friday, May 10th. The shares were sold at an average price of $26.01, for a total transaction of $910,350.00. Following the sale, the director now owns 5,531 shares of the company’s stock, valued at approximately $143,861.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kevin A. Denuccio sold 20,000 shares of Juniper Networks stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $27.80, for a total transaction of $556,000.00. Following the sale, the director now directly owns 8,253 shares in the company, valued at approximately $229,433.40. The disclosure for this sale can be found here. In the last three months, insiders sold 84,755 shares of company stock worth $2,290,594. Insiders own 1.10% of the company’s stock.
A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Monday, April 8th. TheStreet lowered shares of Juniper Networks from a “b” rating to a “c+” rating in a report on Thursday, April 25th. ValuEngine lowered shares of Juniper Networks from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. Royal Bank of Canada decreased their price target on shares of Juniper Networks to $26.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 30th. Finally, Wolfe Research lowered shares of Juniper Networks from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 30th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $28.15.
Shares of JNPR stock traded down $0.24 during mid-day trading on Friday, reaching $25.62. The company’s stock had a trading volume of 105,626 shares, compared to its average volume of 3,725,851. Juniper Networks, Inc. has a 12-month low of $24.82 and a 12-month high of $30.80. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.41. The company has a market cap of $9.02 billion, a PE ratio of 18.71, a P/E/G ratio of 2.91 and a beta of 0.84.
Juniper Networks (NYSE:JNPR) last issued its earnings results on Thursday, April 25th. The network equipment provider reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.15. Juniper Networks had a net margin of 12.34% and a return on equity of 10.67%. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $983.92 million. During the same quarter last year, the firm posted $0.28 EPS. The business’s revenue for the quarter was down 7.5% compared to the same quarter last year. Equities research analysts expect that Juniper Networks, Inc. will post 1.42 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 3rd will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Friday, May 31st. Juniper Networks’s dividend payout ratio is presently 55.88%.
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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.
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