Juniper Networks, Inc. (JNPR) Short Interest Down 14.8% in October

Juniper Networks, Inc. (NYSE:JNPR) was the recipient of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 20,977,630 shares, a drop of 14.8% from the October 13th total of 24,614,943 shares. Approximately 5.6% of the company’s shares are short sold. Based on an average daily volume of 6,411,852 shares, the days-to-cover ratio is currently 3.3 days.

Juniper Networks (NYSE:JNPR) opened at $25.95 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.70 and a current ratio of 2.70. The firm has a market capitalization of $9,508.18, a P/E ratio of 13.93, a P/E/G ratio of 2.02 and a beta of 1.05. Juniper Networks has a 1-year low of $23.87 and a 1-year high of $30.96.

Juniper Networks (NYSE:JNPR) last posted its earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.26 billion. Juniper Networks had a return on equity of 13.81% and a net margin of 12.77%. The firm’s revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.58 earnings per share. analysts anticipate that Juniper Networks will post 1.7 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Thursday, November 30th. Juniper Networks’s payout ratio is presently 23.26%.

In other news, Director Rahul N. Merchant acquired 2,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was purchased at an average cost of $24.48 per share, for a total transaction of $48,960.00. Following the completion of the transaction, the director now directly owns 22,543 shares in the company, valued at $551,852.64. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Rami Rahim sold 5,300 shares of Juniper Networks stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $27.47, for a total value of $145,591.00. Following the completion of the sale, the chief executive officer now owns 469,607 shares of the company’s stock, valued at $12,900,104.29. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,700 shares of company stock valued at $732,107. Corporate insiders own 2.60% of the company’s stock.

Several hedge funds have recently bought and sold shares of JNPR. Bank of Montreal Can increased its holdings in shares of Juniper Networks by 8.4% during the 2nd quarter. Bank of Montreal Can now owns 184,541 shares of the network equipment provider’s stock worth $5,146,000 after acquiring an additional 14,368 shares during the last quarter. Creative Planning increased its holdings in shares of Juniper Networks by 0.4% during the 2nd quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock worth $131,000 after acquiring an additional 21 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Juniper Networks by 26.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 19,234 shares of the network equipment provider’s stock worth $536,000 after acquiring an additional 4,020 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its holdings in shares of Juniper Networks by 579.3% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 62,015 shares of the network equipment provider’s stock worth $1,729,000 after acquiring an additional 52,886 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in shares of Juniper Networks by 2.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 102,505 shares of the network equipment provider’s stock worth $2,858,000 after acquiring an additional 2,400 shares during the last quarter. 93.32% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on JNPR shares. Zacks Investment Research upgraded Juniper Networks from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a report on Wednesday, August 16th. BidaskClub upgraded Juniper Networks from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. Bank of America Corporation cut Juniper Networks from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $35.00 to $31.00 in a report on Wednesday, October 11th. Nomura cut Juniper Networks from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $33.00 to $27.00 in a report on Thursday, October 12th. Finally, Drexel Hamilton restated a “buy” rating and set a $37.00 target price on shares of Juniper Networks in a report on Thursday, July 20th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $29.42.

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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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