ETF Managers Group LLC Reduces Holdings in Juniper Networks, Inc. (JNPR)

ETF Managers Group LLC cut its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 15.7% during the 4th quarter, HoldingsChannel reports. The fund owned 1,879,721 shares of the network equipment provider’s stock after selling 349,172 shares during the quarter. Juniper Networks accounts for about 2.4% of ETF Managers Group LLC’s portfolio, making the stock its 12th biggest position. ETF Managers Group LLC’s holdings in Juniper Networks were worth $50,583,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. LSV Asset Management raised its holdings in Juniper Networks by 26.1% during the 3rd quarter. LSV Asset Management now owns 13,910,358 shares of the network equipment provider’s stock worth $416,893,000 after buying an additional 2,882,661 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in Juniper Networks by 345.4% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 2,515,828 shares of the network equipment provider’s stock worth $75,154,000 after buying an additional 1,950,960 shares during the period. Dodge & Cox raised its holdings in Juniper Networks by 4.9% during the 3rd quarter. Dodge & Cox now owns 41,586,457 shares of the network equipment provider’s stock worth $1,246,346,000 after buying an additional 1,933,700 shares during the period. TIAA CREF Investment Management LLC raised its holdings in Juniper Networks by 114.4% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 3,554,872 shares of the network equipment provider’s stock worth $106,540,000 after buying an additional 1,896,554 shares during the period. Finally, Neuberger Berman Group LLC raised its holdings in Juniper Networks by 427.0% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,636,455 shares of the network equipment provider’s stock worth $49,045,000 after buying an additional 1,325,926 shares during the period. Hedge funds and other institutional investors own 91.19% of the company’s stock.

Several analysts have issued reports on JNPR shares. BMO Capital Markets restated a “hold” rating and set a $27.00 price objective on shares of Juniper Networks in a report on Tuesday, October 23rd. Rosenblatt Securities restated a “sell” rating and set a $24.00 price objective on shares of Juniper Networks in a report on Sunday, October 14th. Citigroup boosted their price objective on Juniper Networks from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, November 12th. Oppenheimer set a $33.00 price objective on Juniper Networks and gave the stock a “buy” rating in a report on Tuesday, October 23rd. Finally, Royal Bank of Canada boosted their price objective on Juniper Networks to $29.00 and gave the stock an “in-line” rating in a report on Wednesday, October 24th. Six analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. Juniper Networks currently has a consensus rating of “Hold” and an average target price of $27.86.

In related news, Director William Stensrud sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $30.42, for a total value of $304,200.00. Following the completion of the sale, the director now owns 5,531 shares of the company’s stock, valued at approximately $168,253.02. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Bikash Koley sold 7,101 shares of the business’s stock in a transaction that occurred on Wednesday, January 30th. The shares were sold at an average price of $25.00, for a total value of $177,525.00. Following the completion of the sale, the executive vice president now directly owns 49,709 shares of the company’s stock, valued at approximately $1,242,725. The disclosure for this sale can be found here. In the last three months, insiders sold 29,501 shares of company stock valued at $825,617. 1.40% of the stock is currently owned by company insiders.

NYSE:JNPR opened at $26.06 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.47 and a current ratio of 2.47. Juniper Networks, Inc. has a fifty-two week low of $23.61 and a fifty-two week high of $30.80. The stock has a market cap of $8.98 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 3.24 and a beta of 0.82.

Juniper Networks (NYSE:JNPR) last released its earnings results on Tuesday, January 29th. The network equipment provider reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Juniper Networks had a return on equity of 10.68% and a net margin of 12.20%. As a group, equities analysts forecast that Juniper Networks, Inc. will post 1.37 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 1st will be paid a $0.19 dividend. This is a boost from Juniper Networks’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $0.76 annualized dividend and a dividend yield of 2.92%. Juniper Networks’s payout ratio is presently 52.94%.

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Juniper Networks Profile

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.

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Institutional Ownership by Quarter for Juniper Networks (NYSE:JNPR)

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