NN Investment Partners Holdings N.V. Raises Stake in Juniper Networks, Inc. (JNPR)
NN Investment Partners Holdings N.V. boosted its stake in Juniper Networks, Inc. (NYSE:JNPR) by 7.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 300,101 shares of the network equipment provider’s stock after buying an additional 21,943 shares during the period. NN Investment Partners Holdings N.V. owned 0.08% of Juniper Networks worth $8,480,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of JNPR. D.A. Davidson & CO. raised its position in Juniper Networks by 163.8% in the third quarter. D.A. Davidson & CO. now owns 12,612 shares of the network equipment provider’s stock worth $303,000 after buying an additional 7,831 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in Juniper Networks during the third quarter worth about $823,000. Cornerstone Capital Management Holdings LLC. raised its position in Juniper Networks by 61.1% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 278,716 shares of the network equipment provider’s stock worth $6,705,000 after buying an additional 105,666 shares in the last quarter. Credit Suisse AG raised its position in Juniper Networks by 10.0% in the third quarter. Credit Suisse AG now owns 722,096 shares of the network equipment provider’s stock worth $17,375,000 after buying an additional 65,506 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in Juniper Networks during the third quarter worth about $293,000. 84.47% of the stock is currently owned by institutional investors.
Shares of Juniper Networks, Inc. (NYSE:JNPR) traded up 0.61% during trading on Friday, reaching $27.97. 74,645 shares of the company’s stock were exchanged. The firm has a market capitalization of $10.64 billion, a P/E ratio of 18.12 and a beta of 1.22. The company has a 50 day moving average of $28.04 and a 200 day moving average of $24.74. Juniper Networks, Inc. has a 52-week low of $21.18 and a 52-week high of $29.21.
Juniper Networks (NYSE:JNPR) last released its earnings results on Tuesday, October 25th. The network equipment provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.06. Juniper Networks had a net margin of 12.22% and a return on equity of 13.47%. The company earned $1.29 billion during the quarter, compared to the consensus estimate of $626.94 million. During the same quarter in the prior year, the firm earned $0.57 EPS. The company’s revenue was up 2.9% compared to the same quarter last year. Equities analysts anticipate that Juniper Networks, Inc. will post $2.07 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, December 22nd. Shareholders of record on Thursday, December 1st were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 1.44%. Juniper Networks’s payout ratio is 25.81%.
A number of research firms recently issued reports on JNPR. Robert W. Baird reissued a “hold” rating on shares of Juniper Networks in a report on Wednesday, October 26th. Nomura upgraded shares of Juniper Networks from a “neutral” rating to a “buy” rating and raised their price objective for the company from $24.00 to $33.00 in a research report on Thursday, December 8th. FBN Securities restated a “sector perform” rating and issued a $28.00 price objective (up previously from $25.00) on shares of Juniper Networks in a research report on Saturday, October 29th. Deutsche Bank AG restated a “sell” rating on shares of Juniper Networks in a research report on Thursday, October 20th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of Juniper Networks from a “buy” rating to a “conviction-buy” rating and set a $31.00 price objective for the company in a research report on Wednesday, November 16th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Juniper Networks currently has a consensus rating of “Hold” and an average target price of $28.11.
In other news, CEO Rami Rahim sold 45,000 shares of the stock in a transaction on Friday, November 18th. The shares were sold at an average price of $26.16, for a total transaction of $1,177,200.00. Following the transaction, the chief executive officer now owns 479,607 shares in the company, valued at approximately $12,546,519.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Brian Martin sold 23,588 shares of the stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $27.50, for a total transaction of $648,670.00. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by company insiders.
Juniper Networks Company Profile
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, Middle East, and Africa (EMEA), and Asia Pacific (APAC).
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