CenturyLink Investment Management Co Cuts Stock Holdings in Juniper Networks, Inc. (NYSE:JNPR)

CenturyLink Investment Management Co lowered its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 14.5% during the third quarter, Holdings Channel reports. The fund owned 41,969 shares of the network equipment provider’s stock after selling 7,116 shares during the period. CenturyLink Investment Management Co’s holdings in Juniper Networks were worth $1,039,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. increased its position in shares of Juniper Networks by 5.0% during the third quarter. Pacer Advisors Inc. now owns 80,500 shares of the network equipment provider’s stock worth $1,992,000 after acquiring an additional 3,841 shares during the period. Cerebellum GP LLC purchased a new stake in shares of Juniper Networks during the third quarter worth $446,000. State of Alaska Department of Revenue increased its position in shares of Juniper Networks by 124.3% during the third quarter. State of Alaska Department of Revenue now owns 228,053 shares of the network equipment provider’s stock worth $5,643,000 after acquiring an additional 126,393 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Juniper Networks by 18.1% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 82,104 shares of the network equipment provider’s stock worth $2,186,000 after acquiring an additional 12,585 shares during the period. Finally, Mackenzie Financial Corp increased its position in shares of Juniper Networks by 0.9% during the second quarter. Mackenzie Financial Corp now owns 97,960 shares of the network equipment provider’s stock worth $2,609,000 after acquiring an additional 904 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Shares of JNPR stock opened at $23.53 on Thursday. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.32. Juniper Networks, Inc. has a 12 month low of $22.42 and a 12 month high of $30.80. The company has a market cap of $8.15 billion, a P/E ratio of 17.30, a PEG ratio of 2.99 and a beta of 0.98. The firm has a fifty day moving average price of $23.85 and a 200 day moving average price of $25.75.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings data on Thursday, July 25th. The network equipment provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.06). Juniper Networks had a net margin of 11.05% and a return on equity of 10.00%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the company earned $0.48 EPS. The business’s revenue was down 8.4% on a year-over-year basis. On average, equities analysts forecast that Juniper Networks, Inc. will post 1.25 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.76 annualized dividend and a yield of 3.23%. Juniper Networks’s dividend payout ratio is presently 55.88%.

In other Juniper Networks news, Director Rahul N. Merchant sold 2,500 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $27.06, for a total value of $67,650.00. Following the completion of the transaction, the director now owns 37,370 shares in the company, valued at $1,011,232.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Manoj Leelanivas sold 9,000 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $26.80, for a total transaction of $241,200.00. Following the completion of the transaction, 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. Insiders sold 28,500 shares of company stock valued at $737,990 in the last 90 days. 1.10% of the stock is currently owned by insiders.

A number of research firms have recently weighed in on JNPR. Citigroup lowered Juniper Networks from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $28.00 to $24.00 in a research report on Monday, July 8th. Zacks Investment Research downgraded shares of Juniper Networks from a “hold” rating to a “sell” rating and set a $26.00 target price for the company. in a research note on Thursday, September 26th. Raymond James set a $29.00 target price on shares of Juniper Networks and gave the stock a “buy” rating in a research note on Friday, September 6th. Barclays began coverage on shares of 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, Evercore ISI began coverage on shares of Juniper Networks in a research note on Wednesday, September 11th. They set an “inline” rating and a $26.00 target price for the company. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Juniper Networks currently has an average rating of “Hold” and an average price target of $26.50.

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

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