Tudor Investment Corp ET AL Purchases 44,448 Shares of Juniper Networks, Inc. (JNPR)
Tudor Investment Corp ET AL grew its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 120.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,291 shares of the network equipment provider’s stock after buying an additional 44,448 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Juniper Networks were worth $2,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in JNPR. UBS Asset Management Americas Inc. increased its holdings in Juniper Networks by 9.4% in the first quarter. UBS Asset Management Americas Inc. now owns 1,740,716 shares of the network equipment provider’s stock worth $48,444,000 after buying an additional 149,088 shares during the last quarter. Sei Investments Co. lifted its stake in Juniper Networks by 64.8% in the first quarter. Sei Investments Co. now owns 115,657 shares of the network equipment provider’s stock valued at $3,218,000 after acquiring an additional 45,482 shares during the last quarter. Mason Street Advisors LLC lifted its stake in Juniper Networks by 1.5% in the first quarter. Mason Street Advisors LLC now owns 52,787 shares of the network equipment provider’s stock valued at $1,469,000 after acquiring an additional 760 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Juniper Networks by 53.2% in the first quarter. Pacer Advisors Inc. now owns 10,595 shares of the network equipment provider’s stock valued at $295,000 after acquiring an additional 3,677 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in Juniper Networks by 19.7% in the first quarter. Nordea Investment Management AB now owns 18,930 shares of the network equipment provider’s stock valued at $527,000 after acquiring an additional 3,119 shares during the last quarter. Institutional investors and hedge funds own 90.16% of the company’s stock.
Several analysts have commented on JNPR shares. Pacific Crest began coverage on shares of Juniper Networks in a research report on Monday, June 5th. They issued a “sector weight” rating and a $31.00 target price for the company. KeyCorp initiated coverage on Juniper Networks in a report on Monday, June 5th. They set a “hold” rating and a $31.00 target price on the stock. TheStreet downgraded Juniper Networks from a “b” rating to a “c+” rating in a research note on Thursday, June 29th. Instinet reissued a “buy” rating and issued a $33.00 price objective on shares of Juniper Networks in a research note on Tuesday, July 4th. Finally, BMO Capital Markets upgraded Juniper Networks from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $31.00 to $34.00 in a report on Monday, July 10th. Four equities research 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’s stock. The company presently has an average rating of “Hold” and a consensus price target of $30.94.
In other news, CEO Rami Rahim sold 16,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $27.43, for a total value of $438,880.00. Following the completion of the transaction, the chief executive officer now owns 469,607 shares of the company’s stock, valued at $12,881,320.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Terrance F. Spidell sold 3,313 shares of the company’s stock in a transaction that occurred 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. Insiders have sold 35,044 shares of company stock worth $974,774 over the last three months. Insiders own 3.40% of the company’s stock.
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Shares of Juniper Networks, Inc. (NYSE:JNPR) traded up 0.47% during mid-day trading on Monday, reaching $27.96. The company had a trading volume of 309,046 shares. Juniper Networks, Inc. has a 52-week low of $22.41 and a 52-week high of $30.96. The company has a market cap of $10.63 billion, a price-to-earnings ratio of 16.73 and a beta of 1.09. The firm’s 50-day moving average price is $27.61 and its 200 day moving average price is $28.50.
Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the company posted $0.50 EPS. Juniper Networks’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities analysts expect that Juniper Networks, Inc. will post $2.24 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 1st were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.40 annualized dividend and a yield of 1.44%. Juniper Networks’s dividend payout ratio is presently 23.39%.
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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