Juniper Networks, Inc. (NYSE:JNPR) Shares Sold by Neuberger Berman Group LLC

Posted by on Jun 9th, 2023

Neuberger Berman Group LLC cut its stake in Juniper Networks, Inc. (NYSE:JNPR – Get Rating) by 62.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 351,689 shares of the network equipment provider’s stock after selling 574,049 shares during the period. Neuberger Berman Group LLC owned about 0.11% of Juniper Networks worth $11,240,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of JNPR. McElhenny Sheffield Capital Management LLC acquired a new position in shares of Juniper Networks during the 4th quarter worth $32,000. Private Trust Co. NA increased its stake 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 acquiring an additional 524 shares during the last quarter. Capital Analysts LLC purchased a new position in Juniper Networks in the fourth quarter valued at approximately $53,000. Ronald Blue Trust Inc. lifted its holdings in shares of Juniper Networks by 109.6% during the 4th quarter. Ronald Blue Trust Inc. now owns 2,748 shares of the network equipment provider’s stock valued at $72,000 after acquiring an additional 1,437 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its position in shares of Juniper Networks by 101.5% in the fourth quarter. Benjamin Edwards Inc. now owns 2,944 shares of the network equipment provider’s stock worth $94,000 after buying an additional 1,483 shares during the period. 89.22% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JNPR has been the subject of a number of recent analyst reports. StockNews.com initiated coverage on shares of Juniper Networks in a report on Thursday, May 18th. They set a “buy” rating for the company. The Goldman Sachs Group initiated coverage on shares of Juniper Networks in a research note on Monday, March 6th. They set a “buy” rating for the company. Evercore ISI upgraded shares of Juniper Networks from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $34.00 to $38.00 in a research note on Thursday, March 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $39.00 target price on shares of Juniper Networks in a report on Tuesday, February 21st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Juniper Networks currently has a consensus rating of “Hold” and a consensus target price of $34.87.

Insider Activity at Juniper Networks

In other Juniper Networks news, CEO Rami Rahim sold 6,250 shares of the business’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $29.92, for a total value of $187,000.00. Following the transaction, the chief executive officer now owns 912,746 shares in the company, valued at $27,309,360.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Juniper Networks news, CEO Rami Rahim sold 6,250 shares of the business’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $29.92, for a total transaction of $187,000.00. Following the completion of the transaction, the chief executive officer now owns 912,746 shares of the company’s stock, valued at approximately $27,309,360.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Anne Delsanto sold 900 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $30.24, for a total value of $27,216.00. Following the completion of the sale, the director now directly owns 24,836 shares in the company, valued at approximately $751,040.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,700 shares of company stock valued at $832,365. Company insiders own 1.29% of the company’s stock.

Juniper Networks Trading Up 0.0 %

Shares of NYSE:JNPR opened at $30.06 on Friday. The firm has a market cap of $9.67 billion, a P/E ratio of 19.65, a P/E/G ratio of 2.41 and a beta of 0.94. The company has a current ratio of 1.76, a quick ratio of 1.40 and a debt-to-equity ratio of 0.36. Juniper Networks, Inc. has a twelve month low of $25.18 and a twelve month high of $34.53. The company has a 50 day moving average of $30.88 and a 200-day moving average of $31.47.

Juniper Networks (NYSE:JNPR – Get Rating) last announced its quarterly earnings data on Tuesday, April 25th. The network equipment provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.05. Juniper Networks had a net margin of 9.10% and a return on equity of 11.82%. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.35 billion. As a group, analysts anticipate that Juniper Networks, Inc. will post 1.7 earnings per share for the current fiscal year.

Juniper Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Thursday, June 1st will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.93%. The ex-dividend date is Wednesday, May 31st. Juniper Networks’s payout ratio is 57.52%.

Juniper Networks Company 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.

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

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