M&T Bank Corp Boosts Position in Juniper Networks, Inc. (JNPR)

M&T Bank Corp increased its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 3.6% in the fourth quarter, HoldingsChannel reports. The firm owned 111,693 shares of the network equipment provider’s stock after purchasing an additional 3,893 shares during the quarter. M&T Bank Corp’s holdings in Juniper Networks were worth $3,184,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Diamond Hill Capital Management Inc. boosted its position in Juniper Networks by 12.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 12,764,160 shares of the network equipment provider’s stock worth $355,227,000 after acquiring an additional 1,386,036 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Juniper Networks by 25.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,784,158 shares of the network equipment provider’s stock worth $188,804,000 after acquiring an additional 1,375,394 shares during the last quarter. Retirement Systems of Alabama boosted its position in Juniper Networks by 159.1% during the 3rd quarter. Retirement Systems of Alabama now owns 1,463,822 shares of the network equipment provider’s stock worth $40,738,000 after acquiring an additional 898,831 shares during the last quarter. APG Asset Management N.V. boosted its position in Juniper Networks by 23.6% during the 3rd quarter. APG Asset Management N.V. now owns 3,912,666 shares of the network equipment provider’s stock worth $108,889,000 after acquiring an additional 747,800 shares during the last quarter. Finally, PGGM Investments boosted its position in Juniper Networks by 261.3% during the 3rd quarter. PGGM Investments now owns 877,982 shares of the network equipment provider’s stock worth $24,434,000 after acquiring an additional 635,005 shares during the last quarter. 89.67% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on the company. UBS Group reduced their price target on Juniper Networks from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday, October 25th. Robert W. Baird reaffirmed a “hold” rating and set a $26.00 price target on shares of Juniper Networks in a research report on Thursday, November 30th. William Blair reaffirmed a “hold” rating on shares of Juniper Networks in a research report on Wednesday, October 25th. Loop Capital assumed coverage on Juniper Networks in a research report on Monday, January 29th. They set a “hold” rating and a $30.00 price target for the company. Finally, Barclays downgraded Juniper Networks from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $28.00 to $25.00 in a research report on Wednesday, January 17th. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $28.61.

Shares of Juniper Networks, Inc. (NYSE JNPR) opened at $26.17 on Thursday. Juniper Networks, Inc. has a twelve month low of $23.87 and a twelve month high of $30.96. The stock has a market capitalization of $9,819.37, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89. The company has a current ratio of 2.41, a quick ratio of 2.70 and a debt-to-equity ratio of 0.46.

Juniper Networks (NYSE:JNPR) last announced its quarterly earnings results on Tuesday, January 30th. The network equipment provider reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. Juniper Networks had a return on equity of 13.34% and a net margin of 6.26%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm posted $0.66 EPS. The company’s quarterly revenue was down 10.5% on a year-over-year basis. equities research analysts expect that Juniper Networks, Inc. will post 1.34 earnings per share for the current fiscal year.

Juniper Networks announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, January 30th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the network equipment provider to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.18 per share. This is an increase from Juniper Networks’s previous quarterly dividend of $0.10. The ex-dividend date is Wednesday, February 28th. This represents a $0.72 annualized dividend and a yield of 2.75%. Juniper Networks’s dividend payout ratio (DPR) is currently 49.38%.

ILLEGAL ACTIVITY NOTICE: “M&T Bank Corp Boosts Position in Juniper Networks, Inc. (JNPR)” was reported by Markets Daily and is owned by of Markets Daily. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://www.themarketsdaily.com/2018/02/15/mt-bank-corp-boosts-position-in-juniper-networks-inc-jnpr.html.

Juniper Networks Company Profile

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.

Want to see what other hedge funds are holding JNPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Juniper Networks, Inc. (NYSE:JNPR).

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

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.

Latest News

Leave a Reply