Hartford Investment Management Co. reduced its holdings in Juniper Networks, Inc. (NYSE: JNPR – Get Rating ) by 7.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,412 shares of the network equipment provider’s stock after selling 2,366 shares during the period. Hartford Investment Management Co.’s holdings. in Juniper Networks were worth $1,167,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently bought and sold shares of the company. Captrust Financial Advisors boosted its stake in shares of Juniper Networks by 158.4% in the third quarter. Captrust Financial Advisors now owns 2,150 shares of the network equipment provider’s stock valued at $59,000 after acquiring an additional 1,318 shares during the last quarter. Moors & Cabot Inc. acquired a new stake in shares of Juniper Networks during the third quarter valued at $228,000. DNB Asset Management AS raised its stake in shares of Juniper Networks by 27.6% during the fourth quarter. DNB Asset Management AS now owns 85,644 shares of the network equipment provider’s stock valued at $3,058,000 after acquiring an additional 18,551 shares in the last quarter. IFM Investors Pty Ltd acquired a new stake in shares of Juniper Networks during the fourth quarter valued at $2,148,000. Finally, M&G Investment Management Ltd. acquired a new stake in shares of Juniper Networks during the fourth quarter valued at $394,000. 92.78% of the stock is currently owned by institutional investors and hedge funds.
In other Juniper Networks news, COO Manoj Leelanivas sold 8,274 shares of Juniper Networks stock in a transaction that occurred on Friday, May 6th. Shares were sold at an average price of $32.15, for a total value of $266,009.10. Following the sale, the chief operating officer now owns 100,230 shares of the company’s stock, valued at approximately $3,222,394.50. The sale was disclosed in a filing with the Securities and Exchange Commission, which is available on the SEC’s website. Also, CEO Rami Rahim sold 5,555 shares of Juniper Networks stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $28.54, for a total value of $158,539.70. Following the completion of the sale, the chief executive officer now directly owns 857,485 shares in the company, valued at approximately $24,472,621.90. Disclosure of this sale can be found here. Over the last three months, insiders have sold 36,494 shares of company stock worth $1,130,982. Corporate insiders own 1.30% of the company’s shares.
JNPR has been the subject of several analyst reports. Piper Sandler decreased their price objective on Juniper Networks from $36.00 to $34.00 in a research note on Wednesday, April 27th. Citigroup upgraded Juniper Networks from a “sell” rating to a “neutral” rating and boosted their target price for the company from $25.00 to $36.00 in a research note on Tuesday, April 12th. Evercore ISI reduced their target price on Juniper Networks from $35.00 to $33.00 and set an “hold” rating on the stock in a research note on Tuesday, June 28th. Finally, StockNews.com started coverage on Juniper Networks in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat Juniper Networks currently has an average rating of “Moderate Buy” and a consensus target price of $36.33.
JNPR opened at $28.22 on Tuesday. The business’s 50-day simple moving average is $30.04, and the 200-day simple moving average is $33.01. The company has a debt-to-equity ratio of 0.39, a quick earnings ratio of 1.46 and a current ratio of 1.63. Juniper Networks, Inc. has a one year low of $26.12 and a one year high of $38.14. The stock has a market cap of $9.12 billion, a P/E ratio of 27.40, a price-to-earnings-growth ratio of 2.36 and a beta of 0.94.
Juniper Networks (NYSE: JNPR – Get Rating ) last posted its earnings results on Tuesday, April 26th. The networking equipment provider reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Juniper Networks had a return on equity of 9.40% and a net margin of 7.03%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. In the same quarter last year, the firm earned $0.15 earnings per share. The business’s revenue was up 8.7% compared to the same quarter last year. On average, equities analysts predict that Juniper Networks, Inc. will post 1.5 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 22nd. Investors of record on Wednesday, June 1st were given a dividend of $0.21 per share. This represents an annualized dividend of $0.84 and a dividend yield of 2.98%. The ex-dividend date was Tuesday, May 31st. Juniper Networks’s dividend payout ratio is currently 81.55%.
Juniper Networks Company Profile (Get Rating)
Juniper Networks, Inc designs, develops and sells networking products and services worldwide. The company offers routing products such as the ACX Series Universal Access Routers for deploying high-bandwidth services; MX series Ethernet routers that function as a universal end platform; PTX series packet transport routers; wide area network SDN controllers; and intelligent session routers.
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