Raymond James & Associates increased its position in Juniper Networks, Inc. (NYSE:JNPR) by 2,163.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 830,157 shares of the network equipment provider’s stock after buying an additional 793,474 shares during the period. Raymond James & Associates owned 0.25% of Juniper Networks worth $18,977,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Wells Fargo & Company MN grew its position in Juniper Networks by 476.5% in the 1st 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 period. APG Asset Management N.V. lifted its stake in shares of Juniper Networks by 584.5% in the first quarter. APG Asset Management N.V. now owns 3,091,145 shares of the network equipment provider’s stock valued at $72,870,000 after buying an additional 2,639,536 shares in the last quarter. Norges Bank acquired a new position in shares of Juniper Networks during the fourth quarter valued at about $59,132,000. Alyeska Investment Group L.P. bought a new stake in shares of Juniper Networks during the first quarter worth about $23,033,000. Finally, Acadian Asset Management LLC increased its position in shares of Juniper Networks by 59.5% during the first quarter. Acadian Asset Management LLC now owns 2,559,766 shares of the network equipment provider’s stock worth $48,991,000 after acquiring an additional 954,727 shares in the last quarter. Institutional investors own 89.47% of the company’s stock.
A number of research firms have issued reports on JNPR. MKM Partners cut their price target on Juniper Networks from $27.50 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. Rosenblatt Securities lifted their target price on Juniper Networks from $25.00 to $26.50 and gave the company a “neutral” rating in a research report on Friday, July 24th. Morgan Stanley increased their price target on Juniper Networks from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Wednesday, April 29th. Credit Suisse Group raised their price objective on Juniper Networks from $17.00 to $20.00 and gave the company an “underperform” rating in a research note on Wednesday. Finally, Oppenheimer upped their target price on shares of Juniper Networks from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $24.89.
Shares of NYSE JNPR opened at $25.38 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.88 and a quick ratio of 1.93. The stock has a market capitalization of $8.41 billion, a PE ratio of 22.07, a P/E/G ratio of 2.87 and a beta of 0.96. Juniper Networks, Inc. has a one year low of $15.20 and a one year high of $27.32. The business’s fifty day moving average price is $23.32 and its 200-day moving average price is $22.78.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Tuesday, July 28th. The network equipment provider reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Juniper Networks had a return on equity of 8.71% and a net margin of 7.89%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 EPS. As a group, equities analysts expect that Juniper Networks, Inc. will post 1.11 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 1st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Monday, August 31st. Juniper Networks’s dividend payout ratio (DPR) is currently 66.12%.
About Juniper Networks
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: How to calculate compound interest
Receive News & Ratings for Juniper Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Juniper Networks and related companies with MarketBeat.com's FREE daily email newsletter.