Amundi Pioneer Asset Management Inc. bought a new stake in shares of Juniper Networks, Inc. (NYSE:JNPR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,087,474 shares of the network equipment provider’s stock, valued at approximately $30,993,000. Amundi Pioneer Asset Management Inc. owned about 0.29% of Juniper Networks at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Fuller & Thaler Asset Management Inc. bought a new stake in Juniper Networks during the third quarter valued at about $111,000. Cerebellum GP LLC bought a new stake in Juniper Networks during the fourth quarter valued at about $128,000. Exane Derivatives increased its holdings in shares of Juniper Networks by 278.1% in the fourth quarter. Exane Derivatives now owns 5,633 shares of the network equipment provider’s stock worth $161,000 after purchasing an additional 4,143 shares during the last quarter. Balter Liquid Alternatives LLC bought a new stake in shares of Juniper Networks in the fourth quarter worth about $163,000. Finally, Wetherby Asset Management Inc. bought a new stake in shares of Juniper Networks in the fourth quarter worth about $209,000. Institutional investors and hedge funds own 95.45% of the company’s stock.
In other news, Director William Stensrud sold 10,000 shares of Juniper Networks stock in a transaction on Monday, February 26th. The shares were sold at an average price of $26.17, for a total transaction of $261,700.00. Following the completion of the sale, the director now directly owns 5,531 shares of the company’s stock, valued at approximately $144,746.27. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Terrance F. Spidell sold 8,409 shares of Juniper Networks stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $26.47, for a total transaction of $222,586.23. Following the sale, the vice president now directly owns 3,944 shares of the company’s stock, valued at $104,397.68. The disclosure for this sale can be found here. Insiders sold a total of 42,813 shares of company stock valued at $1,124,709 in the last three months. 2.60% of the stock is currently owned by corporate insiders.
Shares of NYSE JNPR traded down $0.26 during midday trading on Monday, reaching $24.07. 3,820,447 shares of the stock were exchanged, compared to its average volume of 4,520,190. Juniper Networks, Inc. has a twelve month low of $23.84 and a twelve month high of $30.96. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.41 and a quick ratio of 2.41. The company has a market capitalization of $8,363.60, a P/E ratio of 13.91, a P/E/G ratio of 2.83 and a beta of 0.96.
Juniper Networks (NYSE:JNPR) last posted its earnings results on Tuesday, January 30th. The network equipment provider reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.01. Juniper Networks had a net margin of 6.26% and a return on equity of 13.34%. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm earned $0.66 EPS. The firm’s revenue for the quarter was down 10.5% on a year-over-year basis. research analysts expect that Juniper Networks, Inc. will post 1.34 EPS for the current year.
Juniper Networks announced that its Board of Directors has approved a stock buyback program on Tuesday, January 30th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the network equipment provider to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 22nd. Shareholders of record on Thursday, March 1st were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend was Wednesday, February 28th. This is a boost from Juniper Networks’s previous quarterly dividend of $0.10. Juniper Networks’s dividend payout ratio (DPR) is currently 41.62%.
JNPR has been the topic of several analyst reports. ValuEngine cut Juniper Networks from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. Piper Jaffray restated a “neutral” rating and set a $27.00 target price on shares of Juniper Networks in a research report on Wednesday, January 10th. Robert W. Baird reiterated a “hold” rating and issued a $26.00 price target on shares of Juniper Networks in a report on Wednesday, January 31st. Loop Capital lowered their price target on Juniper Networks to $26.00 and set a “neutral” rating for the company in a report on Wednesday, January 31st. Finally, Nomura lowered their price target on Juniper Networks from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, January 31st. Four investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $28.61.
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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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