1 week Ago By ABMN Staff
Custom Index Systems LLC reduced its stake in Juniper Networks, Inc. ( NYSE:JNPR – Free Report ) by 25.1% in the 2nd quarter, Holdings Channel reports.
The firm owned 10,426 shares of the network equipment provider’s stock after selling 3,485 shares during the period. Custom Index Systems LLC’s holdings in Juniper Networks were worth $380,000 as of its most recent filing with the SEC. A number of other large investors have also recently added to or reduced their stakes in JNPR.
New York Life Investment Management LLC lifted its position in Juniper Networks by 35.8% during the 2nd quarter. New York Life Investment Management LLC now owns 428,609 shares of the network equipment provider’s stock worth $15,627,000 after acquiring an additional 113,023 shares during the last quarter.
Arizona State Retirement System lifted its position in shares of Juniper Networks by 1.2% during the 2nd quarter. Arizona State Retirement System now owns 89,106 shares of the network equipment provider’s stock worth $3,249,000 after purchasing an additional 1,016 shares during the last quarter.
Columbia Asset Management bought a new stake in Juniper Networks during the 2nd quarter valued at approximately $201,000. National Bank of Canada FI grew its holdings in Juniper Networks by 5.0% in the 2nd quarter.
National Bank of Canada FI now owns 297,677 shares of the network equipment provider’s stock valued at $10,940,000 after buying an additional 14,096 shares during the last quarter. Finally, Foster & Motley Inc. increased its position in Juniper Networks by 5.
3% in the 2nd quarter. Foster & Motley Inc. now owns 20,534 shares of the network equipment provider’s stock worth $749,000 after buying an additional 1,029 shares during the period.
Institutional investors own 91.95% of the company’s stock. Insiders Place Their Bets In other news, CFO Kenneth Bradley Miller sold 40,000 shares of the business’s stock in a transaction on Monday, July 1st.
The shares were sold at an average price of $36.50, for a total value of $1,460,000.00.
Following the sale, the chief financial officer now owns 124,776 shares in the company, valued at approximately $4,554,324. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Insiders sold 108,669 shares of company stock worth $3,947,279 over the last three months.
1.28% of the stock is currently owned by corporate insiders. Juniper Networks Price Performance Juniper Networks ( NYSE:JNPR – Get Free Report ) last announced its quarterly earnings results on Thursday, July 25th.
The network equipment provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.
13). Juniper Networks had a return on equity of 8.02% and a net margin of 4.
58%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.
25 billion. During the same quarter in the prior year, the business earned $0.42 EPS.
The firm’s revenue for the quarter was down 16.8% on a year-over-year basis. As a group, research analysts expect that Juniper Networks, Inc.
will post 0.97 EPS for the current fiscal year. Juniper Networks Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Monday, September 23rd.
Shareholders of record on Monday, September 2nd will be given a $0.22 dividend. This represents a $0.
88 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Friday, August 30th.
Juniper Networks’s dividend payout ratio (DPR) is 127.54%. Wall Street Analyst Weigh In JNPR has been the subject of a number of research analyst reports.
Needham & Company LLC reiterated a “hold” rating on shares of Juniper Networks in a report on Friday, July 26th. Argus raised shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Tuesday, June 18th.
StockNews.com began coverage on shares of Juniper Networks in a research report on Sunday. They issued a “hold” rating on the stock.
Finally, Barclays cut their price objective on shares of Juniper Networks from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday, July 26th.
Nine investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $36.
25. Read Our Latest Stock Report on JNPR Juniper Networks Profile ( Free Report ) Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; wide-area network SDN controllers; and session smart routers.
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