Northern Trust Corp raised its position in Juniper Networks, Inc. (NYSE:JNPR) by 1.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,336,343 shares of the network equipment provider’s stock after purchasing an additional 82,692 shares during the quarter. Northern Trust Corp owned 1.25% of Juniper Networks worth $115,477,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JNPR. First Trust Advisors LP raised its stake in shares of Juniper Networks by 15.9% in the 1st quarter. First Trust Advisors LP now owns 10,827,955 shares of the network equipment provider’s stock valued at $286,616,000 after purchasing an additional 1,483,427 shares during the period. FIL Ltd increased its position in shares of Juniper Networks by 11.9% in the first quarter. FIL Ltd now owns 6,369,659 shares of the network equipment provider’s stock valued at $168,604,000 after acquiring an additional 678,228 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Juniper Networks by 2,689.4% in the second quarter. Bessemer Group Inc. now owns 661,861 shares of the network equipment provider’s stock valued at $17,625,000 after acquiring an additional 638,133 shares during the last quarter. BlackRock Inc. increased its position 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 acquiring an additional 462,478 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Juniper Networks by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 6,026,296 shares of the network equipment provider’s stock valued at $161,957,000 after acquiring an additional 444,273 shares during the last quarter. 90.89% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Rahul N. Merchant sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $27.06, for a total transaction of $67,650.00. Following the completion of the sale, the director now owns 37,370 shares in the company, valued at $1,011,232.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Manoj Leelanivas sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $26.80, for a total value of $241,200.00. Following the sale, the executive vice president now owns 18,641 shares of the company’s stock, valued at approximately $499,578.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,500 shares of company stock worth $737,990. Company insiders own 1.10% of the company’s stock.
NYSE JNPR remained flat at $$24.44 during trading on Friday. The company’s stock had a trading volume of 902,727 shares, compared to its average volume of 2,925,941. The firm’s fifty day simple moving average is $24.63 and its 200 day simple moving average is $26.19. The firm has a market capitalization of $8.48 billion, a PE ratio of 17.97, a P/E/G ratio of 3.15 and a beta of 0.98. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.32. Juniper Networks, Inc. has a 1 year low of $22.42 and a 1 year high of $30.80.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings results on Thursday, July 25th. The network equipment provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.06). The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. Juniper Networks had a return on equity of 10.00% and a net margin of 11.05%. Juniper Networks’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period last year, the firm earned $0.48 EPS. On average, analysts forecast that Juniper Networks, Inc. will post 1.25 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 given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Tuesday, September 3rd. Juniper Networks’s dividend payout ratio (DPR) is presently 55.88%.
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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