Gotham Asset Management LLC Increases Position in Juniper Networks, Inc. (JNPR)
Gotham Asset Management LLC lifted its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 11.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,462,056 shares of the network equipment provider’s stock after purchasing an additional 145,758 shares during the quarter. Juniper Networks comprises 0.6% of Gotham Asset Management LLC’s portfolio, making the stock its 27th largest position. Gotham Asset Management LLC owned approximately 0.38% of Juniper Networks worth $40,762,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Juniper Networks by 6.4% in the second quarter. Vanguard Group Inc. now owns 38,434,820 shares of the network equipment provider’s stock worth $1,071,564,000 after buying an additional 2,314,683 shares during the period. BlackRock Inc. boosted its position in Juniper Networks by 2,310.0% during the first quarter. BlackRock Inc. now owns 25,175,402 shares of the network equipment provider’s stock valued at $700,629,000 after purchasing an additional 24,130,800 shares during the last quarter. State Street Corp boosted its position in Juniper Networks by 4.4% during the first quarter. State Street Corp now owns 17,739,857 shares of the network equipment provider’s stock valued at $493,700,000 after purchasing an additional 751,132 shares during the last quarter. Dodge & Cox raised its holdings in Juniper Networks by 0.4% during the second quarter. Dodge & Cox now owns 17,690,957 shares of the network equipment provider’s stock valued at $493,224,000 after buying an additional 74,877 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. raised its holdings in Juniper Networks by 40.0% during the second quarter. Diamond Hill Capital Management Inc. now owns 11,378,124 shares of the network equipment provider’s stock valued at $317,222,000 after buying an additional 3,248,819 shares in the last quarter. Institutional investors and hedge funds own 90.16% of the company’s stock.
In other Juniper Networks news, CEO Rami Rahim sold 16,000 shares of Juniper Networks stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $27.43, for a total transaction of $438,880.00. Following the transaction, the chief executive officer now owns 469,607 shares of the company’s stock, valued at $12,881,320.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Vincent Molinaro sold 5,031 shares of Juniper Networks stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $30.00, for a total transaction of $150,930.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,044 shares of company stock worth $974,774. Insiders own 3.40% of the company’s stock.
JNPR has been the topic of several recent research reports. Zacks Investment Research upgraded Juniper Networks from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a report on Wednesday, August 16th. BidaskClub upgraded Juniper Networks from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Bank of America Corporation lowered Juniper Networks from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $35.00 to $31.00 in a research note on Wednesday. Nomura downgraded Juniper Networks from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $33.00 to $27.00 in a research report on Thursday. Finally, Drexel Hamilton reissued a “buy” rating and set a $37.00 target price on shares of Juniper Networks in a research report on Thursday, July 20th. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $30.39.
Shares of Juniper Networks, Inc. (NYSE JNPR) traded up 1.37% during trading on Friday, hitting $25.82. 7,988,775 shares of the stock were exchanged. The stock’s 50 day moving average price is $27.56 and its 200 day moving average price is $28.44. Juniper Networks, Inc. has a 52 week low of $22.41 and a 52 week high of $30.96. The firm has a market capitalization of $9.82 billion, a price-to-earnings ratio of 15.45 and a beta of 1.09.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Juniper Networks had a net margin of 12.66% and a return on equity of 14.13%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.50 EPS. On average, equities analysts predict that Juniper Networks, Inc. will post $2.20 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 1st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date was Wednesday, August 30th. Juniper Networks’s payout ratio is presently 23.39%.
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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