Juniper Networks, Inc. (NYSE:JNPR) Shares Acquired by TD Asset Management Inc.
TD Asset Management Inc. grew its position in Juniper Networks, Inc. (NYSE:JNPR) by 3.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,099 shares of the network equipment provider’s stock after buying an additional 6,884 shares during the quarter. TD Asset Management Inc. owned 0.05% of Juniper Networks worth $4,902,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of Juniper Networks by 1.8% in the first quarter. BlackRock Inc. now owns 25,960,427 shares of the network equipment provider’s stock valued at $687,171,000 after buying an additional 462,478 shares in the last quarter. First Trust Advisors LP grew its stake in Juniper Networks by 15.9% during the 1st quarter. First Trust Advisors LP now owns 10,827,955 shares of the network equipment provider’s stock worth $286,616,000 after purchasing an additional 1,483,427 shares in the last quarter. FIL Ltd grew its stake in Juniper Networks by 11.9% during the 1st quarter. FIL Ltd now owns 6,369,659 shares of the network equipment provider’s stock worth $168,604,000 after purchasing an additional 678,228 shares in the last quarter. Geode Capital Management LLC grew its stake in Juniper Networks by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 6,026,296 shares of the network equipment provider’s stock worth $161,957,000 after purchasing an additional 444,273 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Juniper Networks by 0.5% during the 1st quarter. Northern Trust Corp now owns 4,253,651 shares of the network equipment provider’s stock worth $112,594,000 after purchasing an additional 19,275 shares in the last quarter. 91.94% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Manoj Leelanivas sold 9,000 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $26.80, for a total value of $241,200.00. Following the completion of the sale, the executive vice president now directly owns 18,641 shares of the company’s stock, valued at approximately $499,578.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kenneth Bradley Miller sold 7,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $27.02, for a total value of $189,140.00. Following the completion of the sale, the chief financial officer now directly owns 77,333 shares of the company’s stock, valued at $2,089,537.66. The disclosure for this sale can be found here. Insiders have sold a total of 18,500 shares of company stock valued at $497,990 over the last ninety days. 1.10% of the stock is owned by company insiders.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings results on Thursday, July 25th. The network equipment provider reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.06). The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Juniper Networks had a return on equity of 10.00% and a net margin of 11.05%. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period last year, the firm earned $0.48 earnings per share. As a group, equities research analysts expect that Juniper Networks, Inc. will post 1.26 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Tuesday, September 3rd. Juniper Networks’s dividend payout ratio (DPR) is 55.88%.
Several research firms recently commented on JNPR. Citigroup cut Juniper Networks from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $28.00 to $24.00 in a research note on Monday, July 8th. Rosenblatt Securities raised Juniper Networks from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $24.00 to $27.00 in a research note on Wednesday, June 12th. TheStreet cut Juniper Networks from a “b” rating to a “c+” rating in a research note on Thursday, April 25th. Barclays began coverage on Juniper Networks in a research note on Wednesday, August 7th. They set an “equal weight” rating and a $27.00 target price for the company. Finally, Raymond James set a $30.00 target price on Juniper Networks and gave the stock a “buy” rating in a research note on Friday, July 26th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $27.57.
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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