Trade Report: Today, Wells Fargo & Company MN sells partial stakes of Juniper Networks, Inc. (JNPR)

Today, Wells Fargo & Company MN sells partial stakes of Juniper Networks, Inc. (JNPR)

Wells Fargo & Company MN reduced its stake in Juniper Networks, Inc. (NYSE:JNPR) by 26.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 733,118 shares of the network equipment provider’s stock after selling 265,614 shares during the period. Wells Fargo & Company MN owned about 0.19% of Juniper Networks worth $17,639,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Northwestern Mutual Investment Management Company LLC raised its stake in Juniper Networks by 0.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 13,475 shares of the network equipment provider’s stock valued at $303,000 after buying an additional 34 shares during the period. GAM Holding AG raised its stake in Juniper Networks by 0.3% in the second quarter. GAM Holding AG now owns 51,320 shares of the network equipment provider’s stock valued at $1,154,000 after buying an additional 175 shares during the period. Conning Inc. raised its stake in Juniper Networks by 2.3% in the second quarter. Conning Inc. now owns 9,767 shares of the network equipment provider’s stock valued at $220,000 after buying an additional 220 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Juniper Networks by 0.3% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 78,434 shares of the network equipment provider’s stock valued at $1,764,000 after buying an additional 242 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD raised its stake in Juniper Networks by 1.0% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 25,762 shares of the network equipment provider’s stock valued at $579,000 after buying an additional 246 shares during the period. 85.62% of the stock is currently owned by institutional investors and hedge funds.

Juniper Networks, Inc. (NYSE:JNPR) traded up 0.45% during midday trading on Friday, reaching $26.51. 1,055,458 shares of the company were exchanged. Juniper Networks, Inc. has a 52 week low of $21.18 and a 52 week high of $30.55. The firm has a market capitalization of $10.08 billion, a PE ratio of 17.17 and a beta of 1.24. The company has a 50-day moving average of $24.95 and a 200 day moving average of $23.57.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings data on Tuesday, October 25th. The network equipment provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.06. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $626.94 million. Juniper Networks had a net margin of 12.22% and a return on equity of 13.47%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 earnings per share. Equities analysts predict that Juniper Networks, Inc. will post $2.07 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 22nd. Stockholders of record on Thursday, December 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Tuesday, November 29th. Juniper Networks’s payout ratio is currently 25.81%.

Several research firms have recently issued reports on JNPR. Robert W. Baird reissued a “neutral” rating and issued a $26.00 price target on shares of Juniper Networks in a research report on Thursday, July 28th. Zacks Investment Research lowered shares of Juniper Networks from a “hold” rating to a “sell” rating in a research report on Friday, July 29th. Stifel Nicolaus reissued a “buy” rating and issued a $33.00 price target on shares of Juniper Networks in a research report on Friday, November 18th. Goldman Sachs Group Inc. reissued a “conviction-buy” rating on shares of Juniper Networks in a research report on Tuesday. Finally, FBN Securities reissued a “sector perform” rating and issued a $28.00 price target (up previously from $25.00) on shares of Juniper Networks in a research report on Saturday, October 29th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $27.68.

In other news, EVP Jonathan Davidson sold 54,870 shares of Juniper Networks stock in a transaction that occurred on Tuesday, October 25th. The shares were sold at an average price of $23.34, for a total transaction of $1,280,665.80. Following the sale, the executive vice president now owns 60,050 shares in the company, valued at $1,401,567. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Scott Kriens sold 1,250,000 shares of Juniper Networks stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $26.33, for a total transaction of $32,912,500.00. Following the sale, the director now owns 130,122 shares in the company, valued at approximately $3,426,112.26. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.

Juniper Networks Company Profile

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