Juniper Networks, Inc. (JNPR) Position Trimmed by Allianz Asset Management GmbH
Allianz Asset Management GmbH reduced its position in Juniper Networks, Inc. (NYSE:JNPR) by 8.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,022,238 shares of the network equipment provider’s stock after selling 197,975 shares during the period. Allianz Asset Management GmbH owned about 0.54% of Juniper Networks worth $56,279,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. bought a new stake in Juniper Networks in the 3rd quarter worth approximately $111,000. Creative Planning grew its position in Juniper Networks by 0.4% in the 2nd quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock worth $131,000 after purchasing an additional 21 shares during the period. Acrospire Investment Management LLC grew its position in Juniper Networks by 4.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 4,890 shares of the network equipment provider’s stock worth $136,000 after purchasing an additional 201 shares during the period. Stevens First Principles Investment Advisors grew its position in Juniper Networks by 40.9% in the 3rd quarter. Stevens First Principles Investment Advisors now owns 7,045 shares of the network equipment provider’s stock worth $196,000 after purchasing an additional 2,045 shares during the period. Finally, Petrus Trust Company LTA bought a new stake in Juniper Networks in the 2nd quarter worth approximately $204,000. Institutional investors own 90.94% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Juniper Networks from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a research report on Wednesday, August 16th. BMO Capital Markets reissued a “buy” rating and set a $34.00 price objective on shares of Juniper Networks in a research report on Wednesday, August 23rd. Royal Bank Of Canada reissued a “hold” rating and set a $30.00 price objective on shares of Juniper Networks in a research report on Wednesday, September 6th. Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a research report on Tuesday, September 12th. Finally, Jefferies Group reissued a “hold” rating and set a $30.25 price objective on shares of Juniper Networks in a research report on Tuesday, October 3rd. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $29.42.
In related news, Director Rahul N. Merchant purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were acquired at an average price of $24.48 per share, for a total transaction of $48,960.00. Following the purchase, the director now directly owns 22,543 shares in the company, valued at $551,852.64. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Rami Rahim sold 5,400 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $26.35, for a total transaction of $142,290.00. Following the completion of the sale, the chief executive officer now owns 469,607 shares in the company, valued at approximately $12,374,144.45. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.
Shares of Juniper Networks, Inc. (NYSE:JNPR) traded up $0.35 during trading on Thursday, reaching $27.96. 4,316,000 shares of the company traded hands, compared to its average volume of 5,271,819. The company has a market cap of $10,351.77, a P/E ratio of 15.17, a P/E/G ratio of 2.57 and a beta of 1.10. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.70 and a quick ratio of 2.70. Juniper Networks, Inc. has a one year low of $23.87 and a one year high of $30.96.
Juniper Networks (NYSE:JNPR) last issued its earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.03). The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. Juniper Networks had a return on equity of 13.81% and a net margin of 12.77%. The company’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 EPS. analysts anticipate that Juniper Networks, Inc. will post 1.7 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Thursday, November 30th. Juniper Networks’s dividend payout ratio is currently 23.26%.
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Juniper Networks Profile
Juniper Networks, Inc designs, develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa, and Asia Pacific.
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