2,000 Shares in Juniper Networks, Inc. (NYSE:JNPR) Purchased by Private Ocean LLC

Private Ocean LLC acquired a new position in Juniper Networks, Inc. (NYSE:JNPR) during the 3rd quarter, HoldingsChannel reports. The fund acquired 2,000 shares of the network equipment provider’s stock, valued at approximately $50,000.

Other hedge funds have also recently bought and sold shares of the company. NEXT Financial Group Inc acquired a new position in shares of Juniper Networks during the 2nd quarter worth approximately $27,000. Signaturefd LLC boosted its holdings in shares of Juniper Networks by 160.8% during the 2nd quarter. Signaturefd LLC now owns 1,356 shares of the network equipment provider’s stock worth $36,000 after purchasing an additional 836 shares during the last quarter. CSat Investment Advisory L.P. boosted its holdings in shares of Juniper Networks by 33.7% during the 2nd quarter. CSat Investment Advisory L.P. now owns 1,679 shares of the network equipment provider’s stock worth $45,000 after purchasing an additional 423 shares during the last quarter. CENTRAL TRUST Co acquired a new position in shares of Juniper Networks during the 2nd quarter worth approximately $51,000. Finally, CKW Financial Group boosted its holdings in shares of Juniper Networks by 20.0% during the 2nd quarter. CKW Financial Group now owns 2,400 shares of the network equipment provider’s stock worth $64,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 90.41% of the company’s stock.

Several brokerages have recently weighed in on JNPR. Raymond James set a $29.00 target price on Juniper Networks and gave the stock a “buy” rating in a report on Friday, September 6th. Zacks Investment Research cut Juniper Networks from a “hold” rating to a “sell” rating and set a $26.00 price objective on the stock. in a report on Thursday, September 26th. Barclays began coverage on Juniper Networks in a report on Wednesday, August 7th. They issued an “equal weight” rating and a $27.00 price objective on the stock. JPMorgan Chase & Co. upgraded Juniper Networks from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $25.00 to $27.00 in a report on Tuesday, October 22nd. Finally, Evercore ISI began coverage on Juniper Networks in a report on Wednesday, September 11th. They issued an “inline” rating and a $26.00 price objective on the stock. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $26.13.

JNPR traded up $0.42 during trading hours on Friday, reaching $26.17. The company’s stock had a trading volume of 4,074,400 shares, compared to its average volume of 3,365,072. Juniper Networks, Inc. has a fifty-two week low of $22.42 and a fifty-two week high of $30.67. The stock has a market cap of $8.76 billion, a PE ratio of 19.24, a P/E/G ratio of 3.52 and a beta of 0.99. The business’s 50-day moving average is $24.34 and its 200-day moving average is $25.46. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.24 and a quick ratio of 2.13.

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Juniper Networks (NYSE:JNPR) last released its quarterly earnings data on Thursday, October 24th. The network equipment provider reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. Juniper Networks had a return on equity of 9.54% and a net margin of 8.35%. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the firm posted $0.54 earnings per share. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. Analysts expect that Juniper Networks, Inc. will post 1.23 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Friday, November 29th. Juniper Networks’s payout ratio is 55.88%.

Juniper Networks announced that its Board of Directors has initiated a share repurchase plan on Thursday, October 24th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the network equipment provider to buy up to 11.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

In other Juniper Networks news, SVP Brian Martin sold 44,154 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $25.72, for a total value of $1,135,640.88. Following the sale, the senior vice president now owns 42,746 shares of the company’s stock, valued at $1,099,427.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William Stensrud sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $24.00, for a total value of $240,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 93,213 shares of company stock worth $2,344,691. 1.10% of the stock is owned by corporate insiders.

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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Institutional Ownership by Quarter for Juniper Networks (NYSE:JNPR)

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