Smith Graham & Co. Investment Advisors LP Has $7.13 Million Stake in Juniper Networks, Inc. (JNPR)

Smith Graham & Co. Investment Advisors LP decreased its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 3.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 238,015 shares of the network equipment provider’s stock after selling 9,510 shares during the quarter. Smith Graham & Co. Investment Advisors LP owned approximately 0.07% of Juniper Networks worth $7,133,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. FNY Investment Advisers LLC boosted its holdings in shares of Juniper Networks by 18,418.5% during the 3rd quarter. FNY Investment Advisers LLC now owns 10,000 shares of the network equipment provider’s stock worth $298,000 after buying an additional 9,946 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Juniper Networks during the 3rd quarter worth $2,502,000. NN Investment Partners Holdings N.V. boosted its holdings in shares of Juniper Networks by 37.0% during the 3rd quarter. NN Investment Partners Holdings N.V. now owns 61,080 shares of the network equipment provider’s stock worth $1,831,000 after buying an additional 16,484 shares during the period. Levin Capital Strategies L.P. boosted its holdings in shares of Juniper Networks by 53.9% during the 3rd quarter. Levin Capital Strategies L.P. now owns 81,878 shares of the network equipment provider’s stock worth $2,454,000 after buying an additional 28,685 shares during the period. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Juniper Networks during the 3rd quarter worth $605,000. Institutional investors own 93.12% of the company’s stock.

Several research firms recently issued reports on JNPR. Piper Jaffray Companies upped their price objective on shares of Juniper Networks from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday, July 27th. BMO Capital Markets downgraded shares of Juniper Networks from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $30.00 to $27.00 in a report on Friday, July 27th. Nomura raised shares of Juniper Networks from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $28.00 to $34.00 in a report on Wednesday, September 19th. Oppenheimer reaffirmed a “buy” rating on shares of Juniper Networks in a report on Tuesday, August 7th. Finally, OTR Global raised shares of Juniper Networks to a “neutral” rating in a report on Wednesday, July 11th. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $27.75.



In other news, Director William Stensrud sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $28.20, for a total transaction of $564,000.00. Following the completion of the transaction, the director now directly owns 5,531 shares of the company’s stock, valued at approximately $155,974.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rami Rahim sold 5,300 shares of the firm’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 disclosure for this sale can be found here. Insiders have sold a total of 41,300 shares of company stock valued at $1,130,160 over the last ninety days. 1.40% of the stock is owned by insiders.

Shares of Juniper Networks stock opened at $28.05 on Tuesday. The company has a quick ratio of 2.27, a current ratio of 2.47 and a debt-to-equity ratio of 0.38. Juniper Networks, Inc. has a fifty-two week low of $23.61 and a fifty-two week high of $30.23. The firm has a market capitalization of $9.70 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 4.00 and a beta of 0.85.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings results on Tuesday, October 23rd. The network equipment provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.10. Juniper Networks had a net margin of 4.82% and a return on equity of 10.42%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the firm earned $0.55 EPS. The business’s revenue was down 6.2% on a year-over-year basis. On average, equities research analysts expect that Juniper Networks, Inc. will post 1.32 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Wednesday, December 5th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Tuesday, December 4th. Juniper Networks’s payout ratio is 41.62%.

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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Institutional Ownership by Quarter for Juniper Networks (NYSE:JNPR)

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