Boston Advisors LLC cut its stake in shares of Juniper Networks Inc. (NYSE:JNPR) by 25.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,322 shares of the network equipment provider’s stock after selling 6,258 shares during the period. Boston Advisors LLC’s holdings in Juniper Networks were worth $412,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of JNPR. Creative Planning increased its position in shares of Juniper Networks by 24.1% in the second quarter. Creative Planning now owns 6,490 shares of the network equipment provider’s stock worth $146,000 after buying an additional 1,262 shares in the last quarter. Conning Inc. increased its stake in shares of 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 in the last quarter. FDO Partners LLC bought a new stake in shares of Juniper Networks during the first quarter valued at $221,000. Acrospire Investment Management LLC bought a new stake in shares of Juniper Networks during the first quarter valued at $240,000. Finally, LS Investment Advisors LLC increased its stake in shares of Juniper Networks by 19.6% in the second quarter. LS Investment Advisors LLC now owns 15,837 shares of the network equipment provider’s stock valued at $356,000 after buying an additional 2,597 shares in the last quarter. 85.22% of the stock is owned by institutional investors and hedge funds.
Shares of Juniper Networks Inc. (NYSE:JNPR) traded down 1.29% during trading on Thursday, hitting $24.52. 3,199,710 shares of the stock were exchanged. The stock has a market cap of $9.39 billion, a price-to-earnings ratio of 15.24 and a beta of 1.76. The stock’s 50 day moving average is $23.45 and its 200-day moving average is $23.38. Juniper Networks Inc. has a 12-month low of $21.18 and a 12-month high of $32.39.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Tuesday, July 26th. The network equipment provider reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.03. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Juniper Networks had a net margin of 12.83% and a return on equity of 13.84%. The business’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS. Equities research analysts anticipate that Juniper Networks Inc. will post $1.98 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 22nd. Stockholders of record on Thursday, September 1st were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.63%. Juniper Networks’s dividend payout ratio is currently 24.84%.
Several analysts have recently weighed in on JNPR shares. Zacks Investment Research upgraded shares of Juniper Networks from a “sell” rating to a “hold” rating in a research report on Monday, June 13th. Deutsche Bank AG downgraded shares of Juniper Networks from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $30.00 to $22.00 in a research report on Wednesday, July 6th. Credit Suisse Group AG restated a “hold” rating on shares of Juniper Networks in a research report on Monday, July 18th. Drexel Hamilton restated a “buy” rating and set a $36.00 price objective on shares of Juniper Networks in a research report on Tuesday, July 26th. Finally, Goldman Sachs Group Inc. restated a “buy” rating and set a $31.00 price objective on shares of Juniper Networks in a research report on Tuesday, July 26th. One analyst has rated the stock with a sell rating, twenty have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $27.33.
In other news, Director Scott Kriens sold 750,000 shares of Juniper Networks stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $23.46, for a total value of $17,595,000.00. Following the transaction, the director now owns 130,122 shares of the company’s stock, valued at approximately $3,052,662.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin A. Denuccio sold 10,000 shares of Juniper Networks stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $23.43, for a total transaction of $234,300.00. Following the completion of the transaction, the director now directly owns 11,074 shares in the company, valued at approximately $259,463.82. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.
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, Middle East, and Africa (EMEA), and Asia Pacific (APAC).