Texas Permanent School Fund decreased its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 3.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,417 shares of the network equipment provider’s stock after selling 1,986 shares during the period. Texas Permanent School Fund’s holdings in Juniper Networks were worth $1,594,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the stock. California Public Employees Retirement System lifted its position in Juniper Networks by 13.6% during the third quarter. California Public Employees Retirement System now owns 2,993,311 shares of the network equipment provider’s stock valued at $74,084,000 after acquiring an additional 357,360 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Juniper Networks by 12.1% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 174,817 shares of the network equipment provider’s stock worth $4,327,000 after buying an additional 18,817 shares during the last quarter. State of Tennessee Treasury Department raised its holdings in shares of Juniper Networks by 4.1% in the third quarter. State of Tennessee Treasury Department now owns 164,322 shares of the network equipment provider’s stock worth $4,067,000 after buying an additional 6,477 shares during the last quarter. Retirement Systems of Alabama raised its holdings in shares of Juniper Networks by 9.6% in the third quarter. Retirement Systems of Alabama now owns 1,611,438 shares of the network equipment provider’s stock worth $39,883,000 after buying an additional 140,844 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. raised its holdings in shares of Juniper Networks by 2.7% in the third quarter. Diamond Hill Capital Management Inc. now owns 1,702,160 shares of the network equipment provider’s stock worth $42,128,000 after buying an additional 44,279 shares during the last quarter. 90.41% of the stock is owned by institutional investors.
A number of research firms have issued reports on JNPR. ValuEngine raised shares of Juniper Networks from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $29.00 price target on shares of Juniper Networks in a report on Friday, October 25th. JPMorgan Chase & Co. raised shares of Juniper Networks from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $25.00 to $27.00 in a report on Tuesday, October 22nd. Barclays began coverage on shares of Juniper Networks in a report on Wednesday, August 7th. They issued an “equal weight” rating and a $27.00 price target for the company. Finally, Zacks Investment Research cut shares of Juniper Networks from a “hold” rating to a “sell” rating and set a $26.00 price target for the company. in a report on Thursday, September 26th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. Juniper Networks has a consensus rating of “Hold” and an average target price of $26.13.
Shares of NYSE:JNPR traded up $0.13 during midday trading on Monday, reaching $26.30. The company’s stock had a trading volume of 3,576,120 shares, compared to its average volume of 3,366,040. The firm has a market capitalization of $8.76 billion, a PE ratio of 19.34, a P/E/G ratio of 3.52 and a beta of 0.99. Juniper Networks, Inc. has a twelve month low of $22.42 and a twelve month high of $29.47. The stock has a fifty day moving average of $24.34 and a 200 day moving average of $25.46. The company has a quick ratio of 2.13, a current ratio of 2.24 and a debt-to-equity ratio of 0.36.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings data on Thursday, October 24th. The network equipment provider reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.15 billion. Juniper Networks had a net margin of 8.35% and a return on equity of 9.54%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 earnings per share. Sell-side analysts anticipate that Juniper Networks, Inc. will post 1.23 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be paid a $0.19 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.89%. Juniper Networks’s payout ratio is currently 55.88%.
Juniper Networks announced that its board has approved a stock buyback plan on Thursday, October 24th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the network equipment provider to buy up to 11.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.
In related news, SVP Brian Martin sold 44,154 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $25.72, for a total transaction of $1,135,640.88. Following the sale, the senior vice president now owns 42,746 shares in the company, valued at $1,099,427.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Bikash Koley sold 32,059 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $24.74, for a total transaction of $793,139.66. Following the sale, the executive vice president now owns 59,375 shares in the company, valued at approximately $1,468,937.50. The disclosure for this sale can be found here. Insiders sold 93,213 shares of company stock worth $2,344,691 in the last quarter. Company insiders own 1.10% of the company’s stock.
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.
See Also: Why Dividend Stocks May Be Right for You
Receive News & Ratings for Juniper Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Juniper Networks and related companies with MarketBeat.com's FREE daily email newsletter.