BKD Wealth Advisors LLC Acquires 2,287 Shares of Juniper Networks, Inc. (JNPR)
BKD Wealth Advisors LLC lifted its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 17.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,553 shares of the network equipment provider’s stock after purchasing an additional 2,287 shares during the period. BKD Wealth Advisors LLC’s holdings in Juniper Networks were worth $443,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. acquired a new stake in Juniper Networks during the third quarter worth approximately $111,000. Stevens First Principles Investment Advisors boosted its position in Juniper Networks by 40.9% during the third quarter. Stevens First Principles Investment Advisors now owns 7,045 shares of the network equipment provider’s stock worth $196,000 after acquiring an additional 2,045 shares during the last quarter. Petrus Trust Company LTA acquired a new stake in Juniper Networks during the second quarter worth approximately $204,000. Private Advisor Group LLC acquired a new stake in Juniper Networks during the second quarter worth approximately $222,000. Finally, Fox Run Management L.L.C. acquired a new stake in Juniper Networks during the fourth quarter worth approximately $220,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.
In related news, CEO Rami Rahim sold 5,400 shares of Juniper Networks stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $26.35, for a total transaction of $142,290.00. Following the sale, the chief executive officer now owns 469,607 shares of the company’s stock, valued at approximately $12,374,144.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rahul N. Merchant purchased 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were purchased at an average cost 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 disclosure for this purchase can be found here. Insiders own 2.60% of the company’s stock.
A number of brokerages recently issued reports on JNPR. Barclays lowered shares of Juniper Networks from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $28.00 to $25.00 in a research report on Wednesday. Piper Jaffray Companies reiterated a “neutral” rating and issued a $27.00 price target on shares of Juniper Networks in a report on Wednesday, January 10th. Deutsche Bank reiterated a “sell” rating and issued a $20.00 price target on shares of Juniper Networks in a report on Friday, January 5th. Stifel Nicolaus assumed coverage on shares of Juniper Networks in a report on Thursday, December 14th. They issued a “hold” rating and a $28.00 price target on the stock. Finally, Raymond James Financial set a $31.00 price target on shares of Juniper Networks and gave the company a “buy” rating in a report on Thursday, December 7th. Six equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $28.84.
Juniper Networks, Inc. (NYSE JNPR) opened at $27.66 on Friday. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.41. The firm has a market cap of $10,520.00, a price-to-earnings ratio of 16.56, a P/E/G ratio of 2.64 and a beta of 1.10. Juniper Networks, Inc. has a 1-year low of $23.87 and a 1-year high of $30.96.
Juniper Networks (NYSE:JNPR) last posted its earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.03). The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.26 billion. Juniper Networks had a net margin of 12.77% and a return on equity of 13.81%. The business’s revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.58 EPS. research analysts forecast that Juniper Networks, Inc. will post 1.7 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 1st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.45%. Juniper Networks’s payout ratio is 23.95%.
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Juniper Networks Company 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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