Smith Graham & Co. Investment Advisors LP lowered its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 2.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 223,585 shares of the network equipment provider’s stock after selling 6,100 shares during the period. Smith Graham & Co. Investment Advisors LP owned approximately 0.07% of Juniper Networks worth $5,507,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. CENTRAL TRUST Co boosted its stake in shares of Juniper Networks by 105.1% in the 4th quarter. CENTRAL TRUST Co now owns 5,750 shares of the network equipment provider’s stock valued at $142,000 after buying an additional 2,946 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Juniper Networks by 22.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,201 shares of the network equipment provider’s stock worth $2,369,000 after buying an additional 17,533 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Juniper Networks by 79.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 60,802 shares of the network equipment provider’s stock worth $1,498,000 after buying an additional 26,853 shares during the period. Alpine Global Management LLC acquired a new stake in Juniper Networks in the fourth quarter valued at approximately $503,000. Finally, Sciencast Management LP purchased a new position in Juniper Networks in the fourth quarter worth approximately $250,000. Hedge funds and other institutional investors own 90.61% of the company’s stock.
Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of Juniper Networks from a “sell” rating to a “hold” rating and set a $26.00 price target for the company in a report on Tuesday, December 31st. Rosenblatt Securities set a $25.00 price objective on shares of Juniper Networks and gave the company a “hold” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. raised shares of Juniper Networks from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $25.00 to $27.00 in a research report on Tuesday, October 22nd. ValuEngine downgraded shares of Juniper Networks from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, Goldman Sachs Group set a $21.00 target price on Juniper Networks and gave the company a “sell” rating in a report on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. Juniper Networks currently has an average rating of “Hold” and an average price target of $26.23.
Shares of Juniper Networks stock opened at $24.52 on Wednesday. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.40. The company has a fifty day simple moving average of $24.34 and a 200-day simple moving average of $24.80. The stock has a market cap of $8.27 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 3.86 and a beta of 0.97. Juniper Networks, Inc. has a 12-month low of $22.42 and a 12-month high of $28.77.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings results on Thursday, October 24th. The network equipment provider reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. Juniper Networks had a net margin of 8.35% and a return on equity of 9.54%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the company earned $0.54 earnings per share. Juniper Networks’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, analysts forecast that Juniper Networks, Inc. will post 1.23 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.10%. The ex-dividend date was Friday, November 29th. Juniper Networks’s payout ratio is currently 55.88%.
Juniper Networks declared that its Board of Directors has initiated a stock buyback plan on Thursday, October 24th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the network equipment provider to buy up to 11.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
Juniper Networks Company 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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