The Westpac Banking Corp Sold 20,867 Shares of Juniper Networks Inc. (JNPR)

The Westpac Banking Corp Sold 20,867 Shares of Juniper Networks Inc. (JNPR)

Westpac Banking Corp reduced its stake in Juniper Networks Inc. (NYSE:JNPR) by 5.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 364,044 shares of the network equipment provider’s stock after selling 20,867 shares during the period. Westpac Banking Corp’s holdings in Juniper Networks were worth $8,759,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of JNPR. Creative Planning increased its stake in Juniper Networks by 24.1% in the second quarter. Creative Planning now owns 6,490 shares of the network equipment provider’s stock valued at $146,000 after buying an additional 1,262 shares in the last quarter. Capstone Asset Management Co. increased its stake in Juniper Networks by 1.9% in the second quarter. Capstone Asset Management Co. now owns 37,730 shares of the network equipment provider’s stock valued at $849,000 after buying an additional 716 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Juniper Networks by 2.6% in the second quarter. Nisa Investment Advisors LLC now owns 18,676 shares of the network equipment provider’s stock valued at $420,000 after buying an additional 470 shares in the last quarter. Bremer Trust National Association acquired a new stake in Juniper Networks during the second quarter valued at $2,010,000. Finally, LS Investment Advisors LLC increased its stake in 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. 84.44% of the stock is owned by institutional investors and hedge funds.

Juniper Networks Inc. (NYSE:JNPR) traded down 0.21% during trading on Thursday, reaching $28.37. 1,787,260 shares of the company traded hands. The firm has a 50-day moving average price of $27.26 and a 200-day moving average price of $24.36. The company has a market capitalization of $10.79 billion, a P/E ratio of 18.37 and a beta of 1.23. Juniper Networks Inc. has a 52 week low of $21.18 and a 52 week high of $29.21.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 22nd. Stockholders of record on Thursday, December 1st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Tuesday, November 29th. Juniper Networks’s dividend payout ratio (DPR) is currently 25.81%.

Several equities analysts have recently commented on JNPR shares. Zacks Investment Research raised shares of Juniper Networks from a “sell” rating to a “hold” rating in a research note on Tuesday, September 27th. Deutsche Bank AG reaffirmed a “sell” rating on shares of Juniper Networks in a research note on Thursday, October 20th. Robert W. Baird reaffirmed a “hold” rating on shares of Juniper Networks in a research note on Wednesday, October 26th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Juniper Networks in a research note on Wednesday, October 26th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $26.00 price objective (up from $24.00) on shares of Juniper Networks in a research note on Thursday, October 27th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $28.32.

In other news, EVP Jonathan Davidson sold 54,870 shares of the company’s stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of $23.34, for a total value of $1,280,665.80. Following the sale, the executive vice president now directly owns 60,050 shares of the company’s stock, valued at approximately $1,401,567. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott Kriens sold 1,250,000 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 130,122 shares in the company, valued at $3,426,112.26. 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).

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