Forsta AP Fonden purchased a new stake in Juniper Networks, Inc. (NYSE:JNPR) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 13,200 shares of the network equipment provider’s stock, valued at approximately $253,000.
Other institutional investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC boosted its holdings in Juniper Networks by 89.7% in the fourth quarter. Quadrant Capital Group LLC now owns 1,472 shares of the network equipment provider’s stock valued at $33,000 after acquiring an additional 696 shares during the last quarter. Cullen Frost Bankers Inc. boosted its holdings in Juniper Networks by 146.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,538 shares of the network equipment provider’s stock worth $38,000 after buying an additional 915 shares during the last quarter. Ellevest Inc. bought a new position in Juniper Networks during the first quarter worth about $41,000. CSat Investment Advisory L.P. boosted its holdings in Juniper Networks by 26.1% during the fourth quarter. CSat Investment Advisory L.P. now owns 2,443 shares of the network equipment provider’s stock worth $60,000 after buying an additional 505 shares during the last quarter. Finally, Cognios Capital LLC bought a new position in shares of Juniper Networks during the 1st quarter valued at about $98,000. Institutional investors and hedge funds own 92.68% of the company’s stock.
In other Juniper Networks news, EVP Manoj Leelanivas sold 22,587 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $24.00, for a total value of $542,088.00. Following the transaction, the executive vice president now owns 63,459 shares in the company, valued at $1,523,016. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.
Juniper Networks (NYSE:JNPR) last announced its earnings results on Tuesday, April 28th. The network equipment provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.12 by $0.11. The company had revenue of $998.00 million for the quarter, compared to analyst estimates of $1 billion. Juniper Networks had a return on equity of 8.93% and a net margin of 7.53%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.26 EPS. On average, sell-side analysts expect that Juniper Networks, Inc. will post 1.1 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Monday, June 1st will be issued a $0.20 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.80 annualized dividend and a yield of 3.36%. Juniper Networks’s payout ratio is currently 66.12%.
Several equities analysts have recently weighed in on the company. Nomura Instinet lifted their price objective on Juniper Networks from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Deutsche Bank dropped their target price on Juniper Networks from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Needham & Company LLC boosted their price target on Juniper Networks from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Nomura boosted their price target on Juniper Networks from $24.00 to $27.00 in a research report on Wednesday, April 29th. Finally, Evercore ISI reissued a “hold” rating and set a $26.00 target price on shares of Juniper Networks in a report on Sunday, February 16th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. Juniper Networks currently has a consensus rating of “Hold” and a consensus target price of $24.59.
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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