SG Americas Securities LLC Raises Holdings in Juniper Networks, Inc. (JNPR)
SG Americas Securities LLC boosted its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 198.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 128,512 shares of the network equipment provider’s stock after purchasing an additional 85,407 shares during the period. SG Americas Securities LLC’s holdings in Juniper Networks were worth $3,576,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Creative Planning grew its position in Juniper Networks by 0.4% during the 2nd quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock worth $131,000 after purchasing an additional 21 shares during the last quarter. Acrospire Investment Management LLC grew its position in Juniper Networks by 4.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 4,890 shares of the network equipment provider’s stock worth $136,000 after purchasing an additional 201 shares during the last quarter. Stevens First Principles Investment Advisors grew its position in Juniper Networks by 40.9% during the 3rd quarter. Stevens First Principles Investment Advisors now owns 7,045 shares of the network equipment provider’s stock worth $196,000 after purchasing an additional 2,045 shares during the last quarter. Petrus Trust Company LTA purchased a new position in Juniper Networks during the 2nd quarter worth $204,000. Finally, River Wealth Advisors LLC purchased a new position in Juniper Networks during the 2nd quarter worth $206,000. 95.98% of the stock is currently owned by institutional investors.
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Shares of Juniper Networks, Inc. (NYSE JNPR) traded up $0.67 during mid-day trading on Tuesday, hitting $26.97. 6,868,400 shares of the stock traded hands, compared to its average volume of 4,986,742. The stock has a market capitalization of $10,310.00, a P/E ratio of 14.45, a PEG ratio of 2.09 and a beta of 1.05. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.41. Juniper Networks, Inc. has a fifty-two week low of $23.87 and a fifty-two week high of $30.96.
Juniper Networks (NYSE:JNPR) last announced its earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.03). The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Juniper Networks had a net margin of 12.77% and a return on equity of 13.81%. Juniper Networks’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.58 earnings per share. research analysts forecast that Juniper Networks, Inc. will post 1.7 EPS for the current fiscal year.
The company 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 1.48%. Juniper Networks’s dividend payout ratio (DPR) is presently 23.95%.
In related news, Director Rahul N. Merchant purchased 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were purchased at an average cost of $24.48 per share, with a total value of $48,960.00. Following the completion of the acquisition, the director now directly owns 22,543 shares of the company’s stock, valued at approximately $551,852.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rami Rahim sold 5,300 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $27.47, for a total transaction of $145,591.00. Following the completion of the sale, the chief executive officer now directly owns 469,607 shares in the company, valued at $12,900,104.29. The disclosure for this sale can be found here. Insiders sold 48,200 shares of company stock valued at $1,296,861 over the last 90 days. Insiders own 2.60% of the company’s stock.
Several analysts have recently weighed in on JNPR shares. Zacks Investment Research raised shares of Juniper Networks from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a report on Wednesday, August 16th. BidaskClub raised shares of Juniper Networks from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. Bank of America Corporation downgraded shares of Juniper Networks from a “buy” rating to a “neutral” rating and lowered their target price for the company from $35.00 to $31.00 in a report on Wednesday, October 11th. Nomura downgraded shares of Juniper Networks from a “buy” rating to a “neutral” rating and lowered their target price for the company from $33.00 to $27.00 in a report on Thursday, October 12th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $26.00 target price (down previously from $28.00) on shares of Juniper Networks in a report on Wednesday, October 25th. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $29.42.
Juniper Networks 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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