Asset Management One Co. Ltd. Boosts Stake in Juniper Networks, Inc. (NYSE:JNPR)

Posted by Defense World Staff on Apr 30th, 2023

Asset Management One Co. Ltd. lifted its holdings in Juniper Networks, Inc. (NYSE:JNPR – Get Rating) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,740 shares of the network equipment provider’s stock after buying an additional 9,479 shares during the quarter. Asset Management One Co. Ltd. owned 0.05% of Juniper Networks worth $5,340,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of JNPR. Wipfli Financial Advisors LLC purchased a new stake in Juniper Networks during the third quarter worth $31,000. McElhenny Sheffield Capital Management LLC purchased a new stake in Juniper Networks during the fourth quarter worth $32,000. Private Trust Co. NA boosted its position in Juniper Networks by 91.9% during the fourth quarter. Private Trust Co. NA now owns 1,094 shares of the network equipment provider’s stock worth $35,000 after purchasing an additional 524 shares in the last quarter. Ronald Blue Trust Inc. boosted its position in Juniper Networks by 455.5% during the third quarter. Ronald Blue Trust Inc. now owns 1,311 shares of the network equipment provider’s stock worth $37,000 after purchasing an additional 1,075 shares in the last quarter. Finally, Whittier Trust Co. boosted its position in Juniper Networks by 49.5% during the third quarter. Whittier Trust Co. now owns 3,019 shares of the network equipment provider’s stock worth $79,000 after purchasing an additional 1,000 shares in the last quarter. 89.22% of the stock is currently owned by hedge funds and other institutional investors.

Juniper Networks Stock Performance

Shares of NYSE:JNPR opened at $30.15 on Friday. The firm has a market capitalization of $9.69 billion, a PE ratio of 19.71, a P/E/G ratio of 2.41 and a beta of 0.95. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.76 and a quick ratio of 1.44. The business has a 50-day moving average of $32.03 and a two-hundred day moving average of $31.42. Juniper Networks, Inc. has a 12 month low of $25.18 and a 12 month high of $34.53.

Juniper Networks (NYSE:JNPR – Get Rating) last announced its quarterly earnings results on Tuesday, January 31st. The network equipment provider reported $0.65 EPS for the quarter, hitting the consensus estimate of $0.65. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.48 billion. Juniper Networks had a return on equity of 11.82% and a net margin of 9.10%. The firm’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 earnings per share. As a group, research analysts forecast that Juniper Networks, Inc. will post 1.67 earnings per share for the current year.

Juniper Networks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Thursday, June 1st will be paid a dividend of $0.22 per share. The ex-dividend date is Wednesday, May 31st. This represents a $0.88 annualized dividend and a yield of 2.92%. Juniper Networks’s dividend payout ratio is presently 57.52%.

Insider Activity

In other news, Director Anne Delsanto sold 900 shares of the stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $34.15, for a total value of $30,735.00. Following the completion of the sale, the director now owns 25,736 shares in the company, valued at $878,884.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Anne Delsanto sold 900 shares of the stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $34.15, for a total value of $30,735.00. Following the completion of the sale, the director now owns 25,736 shares in the company, valued at $878,884.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Robert Mobassaly sold 2,678 shares of the stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $31.50, for a total value of $84,357.00. Following the completion of the sale, the senior vice president now owns 21,899 shares of the company’s stock, valued at approximately $689,818.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,878 shares of company stock worth $1,920,541. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. The Goldman Sachs Group initiated coverage on Juniper Networks in a research report on Monday, March 6th. They set a “buy” rating on the stock. Evercore ISI upgraded Juniper Networks from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $34.00 to $38.00 in a research report on Thursday, March 30th. Piper Sandler upped their price objective on Juniper Networks from $31.00 to $32.00 in a research report on Tuesday, January 17th. Citigroup upped their price objective on Juniper Networks from $30.00 to $35.00 and gave the company a “neutral” rating in a research report on Wednesday, February 1st. Finally, Rosenblatt Securities upped their price objective on Juniper Networks from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, February 1st. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $34.87.

Juniper Networks Profile

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Juniper Networks, Inc engages in the business of designing, developing, and selling products and services for high-performance networks to enable customers to build networks for their businesses while achieving agility and improved operating efficiency through automation. The firm also offers routing, switching, Wi-Fi, network security, artificial intelligence-enabled enterprise networking operations, and software-defined networking technologies.