Juniper Networks, Inc. (JNPR) Stake Reduced by Shell Asset Management Co.
Shell Asset Management Co. reduced its position in Juniper Networks, Inc. (NYSE:JNPR) by 16.2% during the second quarter, Holdings Channel reports. The firm owned 18,641 shares of the network equipment provider’s stock after selling 3,601 shares during the period. Shell Asset Management Co.’s holdings in Juniper Networks were worth $520,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the company. Boston Advisors LLC acquired a new position in shares of Juniper Networks during the second quarter worth about $9,508,000. Acadian Asset Management LLC acquired a new position in shares of Juniper Networks during the second quarter worth about $365,000. Contravisory Investment Management Inc. raised its position in shares of Juniper Networks by 0.6% in the second quarter. Contravisory Investment Management Inc. now owns 9,629 shares of the network equipment provider’s stock worth $268,000 after buying an additional 60 shares during the period. Russell Investments Group Ltd. raised its position in shares of Juniper Networks by 78.7% in the second quarter. Russell Investments Group Ltd. now owns 1,369,151 shares of the network equipment provider’s stock worth $38,199,000 after buying an additional 602,784 shares during the period. Finally, Regentatlantic Capital LLC acquired a new position in shares of Juniper Networks during the second quarter worth about $315,000. 92.77% of the stock is owned by institutional investors and hedge funds.
Shares of Juniper Networks, Inc. (NYSE JNPR) opened at 27.92 on Tuesday. The stock has a market capitalization of $10.62 billion, a price-to-earnings ratio of 16.71 and a beta of 1.07. Juniper Networks, Inc. has a one year low of $22.40 and a one year high of $30.96. The company’s 50 day moving average price is $28.44 and its 200 day moving average price is $28.55.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. Juniper Networks had a net margin of 12.66% and a return on equity of 14.13%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the business earned $0.50 EPS. The firm’s revenue was up 7.2% on a year-over-year basis. On average, analysts expect that Juniper Networks, Inc. will post $2.24 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Wednesday, August 30th. Juniper Networks’s dividend payout ratio (DPR) is 23.39%.
A number of brokerages recently issued reports on JNPR. Zacks Investment Research lowered Juniper Networks from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Royal Bank Of Canada reissued a “hold” rating and issued a $30.00 price objective on shares of Juniper Networks in a report on Wednesday, August 2nd. BidaskClub lowered Juniper Networks from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Berenberg Bank reissued a “buy” rating and issued a $35.00 price objective on shares of Juniper Networks in a report on Thursday, July 27th. Finally, TheStreet raised Juniper Networks from a “c+” rating to a “b” rating in a research note on Monday, July 24th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Juniper Networks currently has an average rating of “Hold” and a consensus price target of $30.89.
In other news, VP Terrance F. Spidell sold 10,600 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $29.47, for a total value of $312,382.00. Following the completion of the transaction, the vice president now owns 10,600 shares of the company’s stock, valued at approximately $312,382. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Vincent Molinaro sold 5,031 shares of the business’s stock in a transaction 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 18,944 shares of company stock valued at $555,049 in the last three months. 3.40% of the stock is 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, the Middle East and Africa, and Asia Pacific.
Want to see what other hedge funds are holding JNPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Juniper Networks, Inc. (NYSE:JNPR).
Receive News & Ratings for Juniper Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Juniper Networks Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.