Juniper Networks, Inc. (JNPR) Position Increased by Prudential Financial Inc.
Prudential Financial Inc. lifted its stake in Juniper Networks, Inc. (NYSE:JNPR) by 17.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,965,653 shares of the network equipment provider’s stock after purchasing an additional 591,348 shares during the period. Prudential Financial Inc. owned approximately 1.06% of Juniper Networks worth $110,364,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in JNPR. Numeric Investors LLC raised its position in Juniper Networks by 3,949.6% during the second quarter. Numeric Investors LLC now owns 4,673,200 shares of the network equipment provider’s stock worth $130,289,000 after acquiring an additional 4,557,800 shares during the last quarter. Renaissance Technologies LLC raised its position in Juniper Networks by 197.7% during the second quarter. Renaissance Technologies LLC now owns 5,427,091 shares of the network equipment provider’s stock worth $151,307,000 after acquiring an additional 3,604,200 shares during the last quarter. Vanguard Group Inc. raised its position in Juniper Networks by 6.4% during 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 acquiring an additional 2,314,683 shares during the last quarter. Capital Fund Management S.A. acquired a new position in Juniper Networks during the second quarter worth about $43,858,000. Finally, FMR LLC raised its position in Juniper Networks by 58.8% during the second quarter. FMR LLC now owns 4,044,789 shares of the network equipment provider’s stock worth $112,770,000 after acquiring an additional 1,498,410 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.
A number of equities analysts have issued reports on JNPR shares. ValuEngine upgraded shares of Juniper Networks from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. Raymond James Financial set a $31.00 target price on shares of Juniper Networks and gave the stock a “buy” rating in a research report on Thursday, December 7th. Barclays lowered their price target on shares of Juniper Networks from $32.00 to $28.00 and set an “equal weight” rating for the company in a report on Wednesday, October 25th. Robert W. Baird reiterated a “hold” rating and set a $28.00 price target on shares of Juniper Networks in a report on Thursday, October 12th. Finally, BidaskClub upgraded shares of Juniper Networks from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. Five investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Juniper Networks presently has an average rating of “Hold” and a consensus price target of $29.04.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings data on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.03). Juniper Networks had a return on equity of 13.81% and a net margin of 12.77%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the firm earned $0.58 earnings per share. Juniper Networks’s quarterly revenue was down 2.1% compared to the same quarter last year. sell-side analysts predict that Juniper Networks, Inc. will post 1.7 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 1st were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.40 annualized dividend and a yield of 1.39%. Juniper Networks’s dividend payout ratio is currently 23.95%.
In other news, Director Rahul N. Merchant bought 2,000 shares of Juniper Networks stock in a transaction dated Wednesday, November 8th. The shares were acquired at an average cost of $24.48 per share, with a total value of $48,960.00. Following the completion of the transaction, the director now owns 22,543 shares in the company, valued at approximately $551,852.64. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Rami Rahim sold 16,100 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $26.24, for a total transaction of $422,464.00. Following the transaction, the chief executive officer now directly owns 469,607 shares in the company, valued at $12,322,487.68. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.
COPYRIGHT VIOLATION NOTICE: “Juniper Networks, Inc. (JNPR) Position Increased by Prudential Financial Inc.” was first published by Marea Informative and is the property of of Marea Informative. If you are accessing this story on another site, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this story can be read at https://www.mareainformativa.com/2018/01/03/juniper-networks-inc-jnpr-position-increased-by-prudential-financial-inc.html.
About Juniper Networks
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.
Want to see what other hedge funds are holding JNPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Juniper Networks, Inc. (NYSE:JNPR).
Receive News & Ratings for Juniper Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Juniper Networks and related companies with MarketBeat.com's FREE daily email newsletter.