Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 18.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,773 shares of the network equipment provider’s stock after buying an additional 1,497 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Juniper Networks were worth $220,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of JNPR. National Pension Service raised its stake in shares of Juniper Networks by 48.3% in the 4th quarter. National Pension Service now owns 31,209 shares of the network equipment provider’s stock valued at $703,000 after purchasing an additional 10,159 shares during the period. Truist Financial Corp increased its position in shares of Juniper Networks by 40.3% in the fourth quarter. Truist Financial Corp now owns 97,920 shares of the network equipment provider’s stock valued at $2,205,000 after acquiring an additional 28,151 shares during the last quarter. Twinbeech Capital LP acquired a new stake in shares of Juniper Networks in the fourth quarter valued at about $1,148,000. Voloridge Investment Management LLC increased its position in shares of Juniper Networks by 18.9% in the fourth quarter. Voloridge Investment Management LLC now owns 797,366 shares of the network equipment provider’s stock valued at $17,949,000 after acquiring an additional 126,608 shares during the last quarter. Finally, Squarepoint Ops LLC grew its holdings in Juniper Networks by 173.1% during the fourth quarter. Squarepoint Ops LLC now owns 252,684 shares of the network equipment provider’s stock worth $5,688,000 after purchasing an additional 160,153 shares during the period. 89.30% of the stock is currently owned by institutional investors and hedge funds.
JNPR has been the subject of a number of research analyst reports. Barclays upgraded Juniper Networks from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $24.00 to $28.00 in a report on Thursday, January 14th. Raymond James boosted their price objective on Juniper Networks from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, January 29th. Rosenblatt Securities boosted their price objective on Juniper Networks from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday, January 25th. TheStreet cut Juniper Networks from a “b” rating to a “c+” rating in a report on Thursday, February 25th. Finally, Needham & Company LLC restated a “buy” rating and set a $28.00 price objective on shares of Juniper Networks in a report on Tuesday, February 16th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $25.06.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Thursday, January 28th. The network equipment provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. Juniper Networks had a net margin of 8.92% and a return on equity of 8.30%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the business earned $0.58 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. On average, analysts expect that Juniper Networks, Inc. will post 1.04 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 22nd. Shareholders of record on Monday, March 1st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, February 26th. This represents a $0.80 annualized dividend and a yield of 3.15%. Juniper Networks’s dividend payout ratio is currently 66.12%.
In other news, Director William Stensrud sold 10,000 shares of the company’s stock in a transaction on Monday, February 8th. The shares were sold at an average price of $24.75, for a total transaction of $247,500.00. Also, CFO Kenneth Bradley Miller sold 6,215 shares of the company’s stock in a transaction on Monday, March 22nd. The stock was sold at an average price of $25.05, for a total transaction of $155,685.75. Following the transaction, the chief financial officer now owns 151,052 shares of the company’s stock, valued at $3,783,852.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,636 shares of company stock valued at $1,610,132. Company insiders own 1.20% of the company’s stock.
About Juniper Networks
Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; and NorthStar controllers.
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