Crossmark Global Holdings Inc. lowered its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 12.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,053 shares of the network equipment provider’s stock after selling 3,312 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Juniper Networks were worth $647,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Dodge & Cox increased its position in Juniper Networks by 4.9% in the third quarter. Dodge & Cox now owns 41,586,457 shares of the network equipment provider’s stock worth $1,246,346,000 after purchasing an additional 1,933,700 shares during the last quarter. Vanguard Group Inc increased its position in Juniper Networks by 0.5% in the third quarter. Vanguard Group Inc now owns 37,806,114 shares of the network equipment provider’s stock worth $1,133,049,000 after purchasing an additional 182,088 shares during the last quarter. LSV Asset Management increased its position in Juniper Networks by 26.1% in the third quarter. LSV Asset Management now owns 13,910,358 shares of the network equipment provider’s stock worth $416,893,000 after purchasing an additional 2,882,661 shares during the last quarter. First Trust Advisors LP increased its position in Juniper Networks by 2.5% in the third quarter. First Trust Advisors LP now owns 11,283,859 shares of the network equipment provider’s stock worth $338,177,000 after purchasing an additional 273,253 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in Juniper Networks by 8.2% in the third quarter. Alliancebernstein L.P. now owns 6,319,740 shares of the network equipment provider’s stock worth $189,403,000 after purchasing an additional 480,316 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently weighed in on JNPR. Zacks Investment Research cut shares of Juniper Networks from a “buy” rating to a “hold” rating in a research report on Monday, December 31st. ValuEngine cut shares of Juniper Networks from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. Wolfe Research cut shares of Juniper Networks from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 30th. Bank of America cut shares of Juniper Networks from a “buy” rating to an “underperform” rating and reduced their price target for the stock from $33.00 to $25.00 in a research report on Wednesday, January 30th. Finally, Piper Jaffray Companies set a $29.00 price target on shares of Juniper Networks and gave the stock a “hold” rating in a research report on Wednesday, October 24th. Six investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $27.86.
In other news, EVP Bikash Koley sold 7,101 shares of the business’s stock in a transaction on Wednesday, January 30th. The shares were sold at an average price of $25.00, for a total transaction of $177,525.00. Following the completion of the sale, the executive vice president now directly owns 49,709 shares of the company’s stock, valued at $1,242,725. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kenneth Bradley Miller sold 7,000 shares of the business’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $26.00, for a total transaction of $182,000.00. The disclosure for this sale can be found here. Insiders have sold 24,801 shares of company stock worth $638,581 in the last quarter. Company insiders own 1.40% of the company’s stock.
JNPR stock opened at $26.73 on Thursday. The company has a current ratio of 2.49, a quick ratio of 2.47 and a debt-to-equity ratio of 0.37. Juniper Networks, Inc. has a twelve month low of $23.61 and a twelve month high of $30.80. The firm has a market cap of $9.23 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 3.17 and a beta of 0.82.
Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Tuesday, January 29th. The network equipment provider reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. Juniper Networks had a net margin of 12.20% and a return on equity of 10.47%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.22 billion. As a group, analysts anticipate that Juniper Networks, Inc. will post 1.37 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 1st will be given a dividend of $0.19 per share. This is a boost from Juniper Networks’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, February 28th. This represents a $0.76 dividend on an annualized basis and a yield of 2.84%. Juniper Networks’s payout ratio is 52.94%.
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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.
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