Juniper Networks, Inc. (JNPR) Position Lifted by Diamond Hill Capital Management Inc.
Diamond Hill Capital Management Inc. increased its position in Juniper Networks, Inc. (NYSE:JNPR) by 12.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 12,764,160 shares of the network equipment provider’s stock after buying an additional 1,386,036 shares during the period. Juniper Networks comprises approximately 1.9% of Diamond Hill Capital Management Inc.’s holdings, making the stock its 15th largest position. Diamond Hill Capital Management Inc. owned 3.36% of Juniper Networks worth $355,227,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of JNPR. PGGM Investments boosted its holdings in shares of Juniper Networks by 261.3% during the 3rd quarter. PGGM Investments now owns 877,982 shares of the network equipment provider’s stock valued at $24,434,000 after purchasing an additional 635,005 shares during the last quarter. Shell Asset Management Co. boosted its holdings in shares of Juniper Networks by 308.5% during the 3rd quarter. Shell Asset Management Co. now owns 76,151 shares of the network equipment provider’s stock valued at $1,687,000 after purchasing an additional 57,510 shares during the last quarter. Achmea Investment Management B.V. boosted its holdings in shares of Juniper Networks by 94.6% during the 2nd quarter. Achmea Investment Management B.V. now owns 23,598 shares of the network equipment provider’s stock valued at $656,000 after purchasing an additional 11,474 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of Juniper Networks by 26.1% during the 2nd quarter. Toronto Dominion Bank now owns 129,438 shares of the network equipment provider’s stock valued at $3,608,000 after purchasing an additional 26,792 shares during the last quarter. Finally, Oak Associates Ltd. OH boosted its holdings in shares of Juniper Networks by 10.7% during the 2nd quarter. Oak Associates Ltd. OH now owns 425,657 shares of the network equipment provider’s stock valued at $11,867,000 after purchasing an additional 41,000 shares during the last quarter. 90.14% of the stock is owned by institutional investors.
Several research firms have commented on JNPR. Robert W. Baird set a $30.00 price objective on shares of Juniper Networks and gave the company a “hold” rating in a report on Wednesday, July 26th. UBS AG reissued a “neutral” rating and set a $30.00 price objective (up previously from $28.00) on shares of Juniper Networks in a report on Wednesday, July 26th. Drexel Hamilton reissued a “buy” rating and set a $37.00 price objective on shares of Juniper Networks in a report on Thursday, July 20th. Raymond James Financial, Inc. raised shares of Juniper Networks from a “market perform” rating to an “outperform” rating and set a $34.00 price objective for the company in a report on Friday, July 21st. Finally, BidaskClub raised shares of Juniper Networks from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Juniper Networks currently has a consensus rating of “Hold” and a consensus price target of $30.35.
Shares of Juniper Networks, Inc. (NYSE JNPR) traded up 0.81% during trading on Friday, hitting $26.03. 3,499,046 shares of the stock were exchanged. The stock’s 50 day moving average price is $27.34 and its 200-day moving average price is $28.38. The company has a market cap of $9.90 billion, a price-to-earnings ratio of 15.58 and a beta of 1.09. Juniper Networks, Inc. has a one year low of $23.14 and a one year high of $30.96.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. Juniper Networks had a net margin of 12.66% and a return on equity of 14.13%. The business’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.50 EPS. On average, analysts predict that Juniper Networks, Inc. will post $2.17 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 1st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Wednesday, August 30th. Juniper Networks’s dividend payout ratio (DPR) is 23.39%.
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In other news, VP Terrance F. Spidell sold 3,313 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $27.69, for a total value of $91,736.97. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Vincent Molinaro sold 5,031 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $30.00, for a total transaction of $150,930.00. The disclosure for this sale can be found here. Insiders sold a total of 35,044 shares of company stock worth $974,774 over the last three months. Insiders own 2.60% of the company’s stock.
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, the Middle East and Africa, and Asia Pacific.
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