SG Americas Securities LLC increased its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 222.9% in the second quarter, Holdings Channel reports. The institutional investor owned 99,237 shares of the network equipment provider’s stock after buying an additional 68,505 shares during the period. SG Americas Securities LLC’s holdings in Juniper Networks were worth $2,269,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in JNPR. BlackRock Inc. lifted its stake in Juniper Networks by 0.9% in the 1st quarter. BlackRock Inc. now owns 28,718,687 shares of the network equipment provider’s stock valued at $549,677,000 after acquiring an additional 252,350 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Juniper Networks by 1.1% during the 1st quarter. First Trust Advisors LP now owns 9,935,225 shares of the network equipment provider’s stock worth $190,160,000 after acquiring an additional 110,526 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Juniper Networks by 476.5% in the first quarter. Wells Fargo & Company MN now owns 6,169,639 shares of the network equipment provider’s stock valued at $118,086,000 after purchasing an additional 5,099,406 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Juniper Networks by 1.9% in the first quarter. Geode Capital Management LLC now owns 5,741,521 shares of the network equipment provider’s stock worth $109,847,000 after purchasing an additional 107,978 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in Juniper Networks by 10.8% during the first quarter. Legal & General Group Plc now owns 4,764,041 shares of the network equipment provider’s stock worth $99,401,000 after purchasing an additional 463,942 shares during the last quarter. 89.47% of the stock is currently owned by institutional investors and hedge funds.
Shares of JNPR opened at $24.48 on Friday. Juniper Networks, Inc. has a 52 week low of $15.20 and a 52 week high of $27.39. The firm has a market cap of $8.12 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 2.77 and a beta of 0.96. The firm’s 50-day simple moving average is $23.34 and its 200 day simple moving average is $22.76. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.93 and a current ratio of 1.93.
Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data on Tuesday, April 28th. The network equipment provider reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.11. The company had revenue of $998.00 million during the quarter, compared to analysts’ expectations of $1 billion. Juniper Networks had a return on equity of 8.93% and a net margin of 7.53%. The business’s revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.26 earnings per share. As a group, equities analysts forecast that Juniper Networks, Inc. will post 1.1 earnings per share for the current year.
Several brokerages have commented on JNPR. Rosenblatt Securities boosted their price target on shares of Juniper Networks from $25.00 to $26.50 and gave the stock a “neutral” rating in a research report on Friday. MKM Partners dropped their target price on Juniper Networks from $27.50 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. Morgan Stanley raised their price target on Juniper Networks from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Wednesday, April 29th. Credit Suisse Group reaffirmed a “sell” rating and set a $17.00 price target on shares of Juniper Networks in a research report on Wednesday, July 15th. Finally, Goldman Sachs Group raised shares of Juniper Networks from a “neutral” rating to a “buy” rating and raised their target price for the company from $23.00 to $28.00 in a research note on Wednesday, April 29th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $24.70.
In other Juniper Networks news, EVP Manoj Leelanivas sold 22,587 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $24.00, for a total value of $542,088.00. Following the transaction, the executive vice president now directly owns 63,459 shares of the company’s stock, valued at approximately $1,523,016. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.20% of the company’s stock.
Juniper Networks Company 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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