Bridgewater Associates LP reduced its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 66.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 111,144 shares of the network equipment provider’s stock after selling 223,632 shares during the quarter. Bridgewater Associates LP’s holdings in Juniper Networks were worth $3,048,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Piedmont Investment Advisors LLC bought a new stake in shares of Juniper Networks in the second quarter valued at $112,000. Private Capital Group LLC raised its stake in shares of Juniper Networks by 6,618.0% in the first quarter. Private Capital Group LLC now owns 4,098 shares of the network equipment provider’s stock valued at $100,000 after buying an additional 4,037 shares during the period. Whittier Trust Co. raised its stake in shares of Juniper Networks by 794.3% in the second quarter. Whittier Trust Co. now owns 6,600 shares of the network equipment provider’s stock valued at $162,000 after buying an additional 5,862 shares during the period. Everence Capital Management Inc. bought a new stake in shares of Juniper Networks in the second quarter valued at $225,000. Finally, LMR Partners LLP bought a new stake in shares of Juniper Networks in the second quarter valued at $287,000. Institutional investors and hedge funds own 92.59% of the company’s stock.
In related news, CEO Rami Rahim sold 5,300 shares of the business’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $26.40, for a total transaction of $139,920.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William Stensrud sold 20,000 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $28.20, for a total value of $564,000.00. Following the completion of the transaction, the director now owns 5,531 shares of the company’s stock, valued at $155,974.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,300 shares of company stock valued at $1,130,160. 2.60% of the stock is owned by company insiders.
Juniper Networks stock opened at $27.70 on Friday. Juniper Networks, Inc. has a 52 week low of $23.61 and a 52 week high of $29.95. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.27 and a quick ratio of 2.27. The stock has a market cap of $9.80 billion, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 4.12 and a beta of 0.87.
Juniper Networks (NYSE:JNPR) last posted its earnings results on Thursday, July 26th. The network equipment provider reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.04. Juniper Networks had a return on equity of 10.83% and a net margin of 3.70%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the business earned $0.57 earnings per share. The firm’s revenue was down 8.0% on a year-over-year basis. equities research analysts predict that Juniper Networks, Inc. will post 1.21 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 25th. Investors of record on Tuesday, September 4th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.60%. The ex-dividend date is Friday, August 31st. Juniper Networks’s payout ratio is 41.62%.
JNPR has been the topic of several research reports. Zacks Investment Research upgraded Juniper Networks from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Tuesday, July 31st. OTR Global upgraded Juniper Networks to a “neutral” rating in a research report on Wednesday, July 11th. BMO Capital Markets cut Juniper Networks from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $30.00 to $27.00 in a research report on Friday, July 27th. Deutsche Bank upgraded Juniper Networks from a “hold” rating to a “buy” rating and lifted their price target for the company from $25.00 to $32.00 in a research report on Monday, July 30th. Finally, Piper Jaffray Companies lifted their price target on Juniper Networks from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, July 27th. Seven research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have issued a buy rating to the stock. Juniper Networks has an average rating of “Hold” and an average price target of $26.97.
Juniper Networks Profile
Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.
Further Reading: NASDAQ
Want to see what other hedge funds are holding JNPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Juniper Networks, Inc. (NYSE:JNPR).
Receive News & Ratings for Juniper Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Juniper Networks and related companies with MarketBeat.com's FREE daily email newsletter.