Dupont Capital Management Corp grew its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 101.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,105 shares of the network equipment provider’s stock after acquiring an additional 12,110 shares during the quarter. Dupont Capital Management Corp’s holdings in Juniper Networks were worth $551,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Schroder Investment Management Group acquired a new position in shares of Juniper Networks during the first quarter worth about $136,000. Municipal Employees Retirement System of Michigan boosted its position in Juniper Networks by 43.3% during the second quarter. Municipal Employees Retirement System of Michigan now owns 55,440 shares of the network equipment provider’s stock valued at $1,267,000 after purchasing an additional 16,750 shares during the last quarter. Principal Financial Group Inc. boosted its position in Juniper Networks by 2.7% during the first quarter. Principal Financial Group Inc. now owns 495,134 shares of the network equipment provider’s stock valued at $9,477,000 after purchasing an additional 13,024 shares during the last quarter. Maverick Capital Ltd. acquired a new position in Juniper Networks during the first quarter valued at approximately $154,000. Finally, First Citizens Bank & Trust Co. boosted its position in Juniper Networks by 5.9% during the second quarter. First Citizens Bank & Trust Co. now owns 48,957 shares of the network equipment provider’s stock valued at $1,119,000 after purchasing an additional 2,713 shares during the last quarter. Institutional investors own 89.47% of the company’s stock.
A number of analysts have recently issued reports on JNPR shares. Goldman Sachs Group raised Juniper Networks from a “neutral” rating to a “buy” rating and raised their price objective for the company from $23.00 to $28.00 in a research report on Wednesday, April 29th. JPMorgan Chase & Co. raised their price objective on Juniper Networks from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday. MKM Partners cut their price objective on Juniper Networks from $27.50 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Juniper Networks in a research report on Monday, July 20th. Finally, Nomura Instinet increased their target price on Juniper Networks from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $24.89.
Shares of JNPR opened at $25.38 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.93 and a current ratio of 1.88. Juniper Networks, Inc. has a 52-week low of $15.20 and a 52-week high of $27.32. The firm has a market cap of $8.41 billion, a price-to-earnings ratio of 24.88, a PEG ratio of 2.82 and a beta of 0.96. The business’s fifty day moving average is $23.32 and its 200-day moving average is $22.78.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings data on Tuesday, July 28th. The network equipment provider reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Juniper Networks had a return on equity of 8.71% and a net margin of 7.89%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the business posted $0.40 EPS. Juniper Networks’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, research analysts forecast that Juniper Networks, Inc. will post 1.1 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 1st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Monday, August 31st. Juniper Networks’s dividend payout ratio (DPR) is 66.12%.
About Juniper Networks
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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