Juniper Networks, Inc. (NYSE:JNPR) Shares Sold by Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado decreased its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 70,818 shares of the network equipment provider’s stock after selling 81 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Juniper Networks were worth $1,974,000 as of its most recent filing with the SEC.
Several other institutional investors have also added to or reduced their stakes in the stock. Acrospire Investment Management LLC boosted its position 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 valued at $130,000 after buying an additional 4,189 shares during the period. Creative Planning boosted its position in Juniper Networks by 0.4% in the second 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 period. Menta Capital LLC acquired a new position in Juniper Networks during the first quarter valued at approximately $205,000. Advisor Partners LLC acquired a new position in Juniper Networks during the first quarter valued at approximately $210,000. Finally, Cipher Capital LP acquired a new position in Juniper Networks during the first quarter valued at approximately $214,000. Institutional investors own 91.15% of the company’s stock.
Juniper Networks, Inc. (NYSE:JNPR) opened at 27.44 on Friday. The stock has a 50 day moving average price of $28.47 and a 200 day moving average price of $28.54. The company has a market cap of $10.44 billion, a PE ratio of 16.42 and a beta of 1.07. Juniper Networks, Inc. has a 1-year low of $22.40 and a 1-year high of $30.96.
Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $0.50 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities analysts forecast that Juniper Networks, Inc. will post $2.24 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.40 annualized dividend and a yield of 1.46%. Juniper Networks’s payout ratio is 23.39%.
Several equities analysts have recently commented on the company. TheStreet cut Juniper Networks from a “b” rating to a “c+” rating in a research note on Thursday, June 29th. Zacks Investment Research cut Juniper Networks from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. UBS Group AG reiterated a “neutral” rating and set a $30.00 target price (up from $28.00) on shares of Juniper Networks in a research note on Wednesday, July 26th. Pacific Crest assumed coverage on Juniper Networks in a research note on Monday, June 5th. They set a “sector weight” rating and a $31.00 target price for the company. Finally, Robert W. Baird reiterated a “neutral” rating and set a $30.00 target price (up from $27.00) on shares of Juniper Networks in a research note on Saturday, April 29th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Juniper Networks presently has an average rating of “Hold” and an average target price 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 stock was sold at an average price of $29.47, for a total transaction of $312,382.00. Following the completion of the sale, the vice president now owns 10,600 shares in the company, valued at $312,382. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Pradeep Sindhu sold 76,900 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $30.55, for a total value of $2,349,295.00. Following the sale, the director now owns 40,773 shares of the company’s stock, valued at approximately $1,245,615.15. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,844 shares of company stock valued at $2,904,344. Corporate insiders own 3.40% 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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