Juniper Networks, Inc. (NYSE:JNPR) Shares Acquired by Handelsbanken Fonder AB

Posted by Defense World Staff on May 5th, 2023

Handelsbanken Fonder AB increased its position in shares of Juniper Networks, Inc. (NYSE:JNPR – Get Rating) by 41.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,100 shares of the network equipment provider’s stock after buying an additional 11,400 shares during the period. Handelsbanken Fonder AB’s holdings in Juniper Networks were worth $1,250,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. increased its stake in Juniper Networks by 2.0% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 16,335 shares of the network equipment provider’s stock valued at $522,000 after purchasing an additional 315 shares during the last quarter. Keene & Associates Inc. increased its stake in Juniper Networks by 3.1% in the third quarter. Keene & Associates Inc. now owns 11,545 shares of the network equipment provider’s stock valued at $302,000 after purchasing an additional 350 shares during the last quarter. Veriti Management LLC grew its position in shares of Juniper Networks by 2.5% during the fourth quarter. Veriti Management LLC now owns 14,690 shares of the network equipment provider’s stock worth $469,000 after acquiring an additional 353 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of Juniper Networks by 1.5% during the third quarter. Mercer Global Advisors Inc. ADV now owns 24,875 shares of the network equipment provider’s stock worth $650,000 after acquiring an additional 371 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in shares of Juniper Networks by 11.7% during the third quarter. Bessemer Group Inc. now owns 3,686 shares of the network equipment provider’s stock worth $96,000 after acquiring an additional 386 shares during the last quarter. 89.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JNPR has been the topic of a number of research reports. Piper Sandler raised their target price on shares of Juniper Networks from $31.00 to $32.00 in a research report on Tuesday, January 17th. KeyCorp lifted their price objective on shares of Juniper Networks from $36.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, January 18th. Evercore ISI upgraded shares of Juniper Networks from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $34.00 to $38.00 in a research note on Thursday, March 30th. StockNews.com assumed coverage on Juniper Networks in a report on Thursday, March 16th. They issued a “buy” rating on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Juniper Networks in a report on Tuesday, February 21st. Three analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $34.87.

Insider Transactions at Juniper Networks

In other Juniper Networks news, Director Anne Delsanto sold 900 shares of the company’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $30.75, for a total transaction of $27,675.00. Following the sale, the director now directly owns 26,636 shares of the company’s stock, valued at $819,057. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Juniper Networks news, CEO Rami Rahim sold 6,250 shares of the stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $29.14, for a total transaction of $182,125.00. Following the sale, the chief executive officer now directly owns 931,496 shares in the company, valued at $27,143,793.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Anne Delsanto sold 900 shares of the stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $30.75, for a total transaction of $27,675.00. Following the completion of the transaction, the director now directly owns 26,636 shares of the company’s stock, valued at approximately $819,057. The disclosure for this sale can be found here. Insiders have sold a total of 61,878 shares of company stock valued at $1,906,993 over the last 90 days. 1.29% of the stock is owned by corporate insiders.

Juniper Networks Stock Down 1.8 %

Shares of NYSE JNPR opened at $28.43 on Friday. The stock has a market cap of $9.14 billion, a P/E ratio of 18.58, a P/E/G ratio of 2.36 and a beta of 0.95. The firm has a 50 day moving average price of $31.85 and a 200 day moving average price of $31.47. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.40 and a current ratio of 1.76. Juniper Networks, Inc. has a 52-week low of $25.18 and a 52-week 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 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.65. Juniper Networks had a net margin of 9.10% and a return on equity of 11.82%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The business’s revenue was up 11.5% on a year-over-year basis. Analysts expect that Juniper Networks, Inc. will post 1.67 EPS for the current year.

Juniper Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 22nd. Stockholders of record on Thursday, June 1st will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Wednesday, May 31st. Juniper Networks’s dividend payout ratio is presently 57.52%.

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.