Nissay Asset Management Corp Japan ADV lifted its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 8.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,621 shares of the network equipment provider’s stock after acquiring an additional 3,166 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Juniper Networks were worth $883,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN boosted its stake in Juniper Networks by 476.5% in the 1st quarter. Wells Fargo & Company MN now owns 6,169,639 shares of the network equipment provider’s stock valued at $118,086,000 after purchasing an additional 5,099,406 shares during the period. APG Asset Management N.V. boosted its holdings in shares of Juniper Networks by 584.5% in the first quarter. APG Asset Management N.V. now owns 3,091,145 shares of the network equipment provider’s stock worth $72,870,000 after acquiring an additional 2,639,536 shares during the period. Norges Bank bought a new position in shares of Juniper Networks in the fourth quarter worth $59,132,000. Alyeska Investment Group L.P. bought a new position in shares of Juniper Networks in the first quarter worth $23,033,000. Finally, Acadian Asset Management LLC boosted its holdings in shares of Juniper Networks by 59.5% in the first quarter. Acadian Asset Management LLC now owns 2,559,766 shares of the network equipment provider’s stock worth $48,991,000 after acquiring an additional 954,727 shares during the period. Institutional investors own 89.47% of the company’s stock.
A number of brokerages recently issued reports on JNPR. Nomura increased their price objective on Juniper Networks from $24.00 to $27.00 in a research report on Wednesday, April 29th. Piper Sandler increased their price objective on Juniper Networks from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Rosenblatt Securities increased their price objective on Juniper Networks from $25.00 to $26.50 and gave the stock a “neutral” rating in a research report on Friday, July 24th. MKM Partners lowered their price objective on Juniper Networks from $27.50 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Finally, Wolfe Research began coverage on Juniper Networks in a research report on Friday, July 24th. They issued a “peer perform” rating and a $25.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $24.89.
JNPR opened at $25.38 on Friday. The company has a market cap of $8.41 billion, a P/E ratio of 22.07, a P/E/G ratio of 2.87 and a beta of 0.96. The business’s 50-day moving average price is $23.32 and its 200-day moving average price is $22.78. The company has a current ratio of 1.88, a quick ratio of 1.93 and a debt-to-equity ratio of 0.39. Juniper Networks, Inc. has a 12 month low of $15.20 and a 12 month high of $27.32.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings data on Tuesday, July 28th. The network equipment provider reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. Juniper Networks had a return on equity of 8.71% and a net margin of 7.89%. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 earnings per share. Equities research analysts forecast that Juniper Networks, Inc. will post 1.11 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 1st will be issued a $0.20 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.80 annualized dividend and a dividend yield of 3.15%. Juniper Networks’s dividend payout ratio is currently 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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