Ontario Teachers Pension Plan Board lowered its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 49.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,385 shares of the network equipment provider’s stock after selling 43,253 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Juniper Networks were worth $850,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Quadrant Capital Group LLC raised its position in shares of Juniper Networks by 89.7% during the 4th quarter. Quadrant Capital Group LLC now owns 1,472 shares of the network equipment provider’s stock worth $33,000 after purchasing an additional 696 shares during the period. Cullen Frost Bankers Inc. raised its position in shares of Juniper Networks by 146.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,538 shares of the network equipment provider’s stock worth $38,000 after purchasing an additional 915 shares during the period. Ellevest Inc. acquired a new stake in shares of Juniper Networks during the 1st quarter worth approximately $41,000. CSat Investment Advisory L.P. raised its position in shares of Juniper Networks by 26.1% during the 4th quarter. CSat Investment Advisory L.P. now owns 2,443 shares of the network equipment provider’s stock worth $60,000 after purchasing an additional 505 shares during the period. Finally, Fifth Third Bancorp raised its position in shares of Juniper Networks by 47.3% during the 1st quarter. Fifth Third Bancorp now owns 3,343 shares of the network equipment provider’s stock worth $64,000 after purchasing an additional 1,074 shares during the period. Hedge funds and other institutional investors own 91.67% of the company’s stock.
A number of analysts have recently weighed in on the company. Nomura Securities dropped their price target on Juniper Networks from $26.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Zacks Investment Research raised Juniper Networks from a “sell” rating to a “hold” rating and set a $24.00 price objective for the company in a report on Friday, January 31st. Goldman Sachs Group raised Juniper Networks from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $23.00 to $28.00 in a report on Wednesday, April 29th. JPMorgan Chase & Co. raised Juniper Networks from a “neutral” rating to an “overweight” rating and set a $27.00 price objective for the company in a report on Sunday, April 19th. Finally, Credit Suisse Group reissued a “sell” rating and issued a $17.00 price objective on shares of Juniper Networks in a report on Friday. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $24.59.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings data on Tuesday, April 28th. The network equipment provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.11. The business had revenue of $998.00 million during the quarter, compared to analyst estimates of $1 billion. Juniper Networks had a return on equity of 8.93% and a net margin of 7.53%. The company’s revenue was down .4% compared to the same quarter last year. During the same period last year, the company posted $0.26 EPS. On average, research analysts predict that Juniper Networks, Inc. will post 1.1 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Monday, June 1st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Friday, May 29th. Juniper Networks’s dividend payout ratio is presently 66.12%.
In other news, EVP Manoj Leelanivas sold 22,587 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $24.00, for a total transaction of $542,088.00. Following the completion of the sale, the executive vice president now directly owns 63,459 shares of the company’s stock, valued at approximately $1,523,016. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.20% of the company’s stock.
About Juniper Networks
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.
Featured Story: Marijuana Stocks Future Looks Bright
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.