Juniper Networks, Inc. (NYSE:JNPR) Position Boosted by Canada Pension Plan Investment Board
Canada Pension Plan Investment Board boosted its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 21.1% during the second quarter, Holdings Channel reports. The institutional investor owned 1,202,924 shares of the network equipment provider’s stock after buying an additional 209,800 shares during the period. Canada Pension Plan Investment Board’s holdings in Juniper Networks were worth $33,538,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC boosted its stake in Juniper Networks by 837.8% in the first quarter. Acrospire Investment Management LLC now owns 4,689 shares of the network equipment provider’s stock worth $130,000 after buying an additional 4,189 shares in the last quarter. Creative Planning boosted its stake in Juniper Networks by 0.4% in the second quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock worth $131,000 after buying an additional 21 shares during the period. Menta Capital LLC bought a new stake in Juniper Networks during the first quarter worth approximately $205,000. River Wealth Advisors LLC bought a new stake in Juniper Networks during the second quarter worth approximately $206,000. Finally, Advisor Partners LLC bought a new stake in Juniper Networks during the first quarter worth approximately $210,000. Institutional investors and hedge funds own 91.15% of the company’s stock.
Shares of Juniper Networks, Inc. (NYSE:JNPR) opened at 27.41 on Friday. The company has a 50-day moving average of $28.45 and a 200 day moving average of $28.54. Juniper Networks, Inc. has a one year low of $22.40 and a one year high of $30.96. The stock has a market cap of $10.42 billion, a price-to-earnings ratio of 16.40 and a beta of 1.07.
Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Tuesday, July 25th. The network equipment provider reported $0.57 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 analyst estimates of $1.29 billion. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 earnings per share. On average, equities analysts forecast that Juniper Networks, Inc. will post $2.24 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Wednesday, August 30th. Juniper Networks’s payout ratio is currently 23.39%.
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A number of research firms recently commented on JNPR. Standpoint Research cut shares of Juniper Networks from a “buy” rating to a “reduce” rating in a research note on Wednesday, May 3rd. ValuEngine upgraded shares of Juniper Networks from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Robert W. Baird reiterated a “neutral” rating and issued a $30.00 target price (up from $27.00) on shares of Juniper Networks in a research note on Saturday, April 29th. KeyCorp began coverage on shares of Juniper Networks in a research note on Monday, June 5th. They issued a “hold” rating and a $31.00 target price for the company. Finally, Pacific Crest began coverage on shares of Juniper Networks in a research note on Monday, June 5th. They issued a “sector weight” rating and a $31.00 target price for the company. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $30.89.
In related news, Director Pradeep Sindhu sold 76,900 shares of the stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $30.55, for a total transaction of $2,349,295.00. Following the sale, the director now owns 40,773 shares of the company’s stock, valued at $1,245,615.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Terrance F. Spidell sold 3,313 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $27.69, for a total value of $91,736.97. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 95,844 shares of company stock worth $2,904,344. Corporate insiders own 3.40% of the company’s stock.
About Juniper Networks
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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