Juniper Networks, Inc. (JNPR) Stake Decreased by FDO Partners LLC
FDO Partners LLC cut its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 83.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,276 shares of the network equipment provider’s stock after selling 137,714 shares during the period. FDO Partners LLC’s holdings in Juniper Networks were worth $787,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. acquired a new position in Juniper Networks in the 3rd quarter valued at about $111,000. Creative Planning grew its stake in Juniper Networks by 0.4% in the 2nd quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock valued at $131,000 after buying an additional 21 shares during the last quarter. Acrospire Investment Management LLC grew its stake in Juniper Networks by 4.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 4,890 shares of the network equipment provider’s stock valued at $136,000 after buying an additional 201 shares during the last quarter. Stevens First Principles Investment Advisors grew its stake in Juniper Networks by 40.9% in the 3rd quarter. Stevens First Principles Investment Advisors now owns 7,045 shares of the network equipment provider’s stock valued at $196,000 after buying an additional 2,045 shares during the last quarter. Finally, Petrus Trust Company LTA acquired a new position in Juniper Networks in the 2nd quarter valued at about $204,000. Institutional investors own 90.94% of the company’s stock.
In other Juniper Networks news, Director Rahul N. Merchant acquired 2,000 shares of the stock in a transaction dated Wednesday, November 8th. The stock was purchased at an average cost of $24.48 per share, for a total transaction of $48,960.00. Following the acquisition, the director now owns 22,543 shares in the company, valued at approximately $551,852.64. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Rami Rahim sold 5,400 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $26.35, for a total transaction of $142,290.00. Following the completion of the sale, the chief executive officer now owns 469,607 shares of the company’s stock, valued at $12,374,144.45. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.
Juniper Networks, Inc. (JNPR) traded up $0.62 during trading hours on Monday, reaching $28.38. 12,056,000 shares of the company’s stock were exchanged, compared to its average volume of 5,256,233. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.70 and a quick ratio of 2.70. The firm has a market capitalization of $10,640.46, a PE ratio of 15.59, a price-to-earnings-growth ratio of 2.26 and a beta of 1.10. Juniper Networks, Inc. has a 1-year low of $23.87 and a 1-year high of $30.96.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. Juniper Networks had a net margin of 12.77% and a return on equity of 13.81%. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.58 earnings per share. research analysts forecast that Juniper Networks, Inc. will post 1.7 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be paid a $0.10 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.41%. Juniper Networks’s payout ratio is 23.26%.
A number of analysts have issued reports on the stock. Zacks Investment Research raised shares of Juniper Networks from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a report on Wednesday, August 16th. Robert W. Baird reissued a “hold” rating and issued a $26.00 price objective (down previously from $28.00) on shares of Juniper Networks in a report on Wednesday, October 25th. BMO Capital Markets cut their price objective on shares of Juniper Networks from $34.00 to $31.00 and set an “outperform” rating for the company in a report on Thursday, October 12th. Bank of America downgraded shares of Juniper Networks from a “buy” rating to a “neutral” rating and cut their price objective for the company from $35.00 to $31.00 in a report on Wednesday, October 11th. Finally, UBS cut their price objective on shares of Juniper Networks from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Wednesday, October 25th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $29.42.
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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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