Ronald Blue Trust Inc. Has $132,000 Stake in Juniper Networks, Inc. (NYSE:JNPR)

Posted by Defense World Staff on Jul 3rd, 2023

Ronald Blue Trust Inc. boosted its position in shares of Juniper Networks, Inc. (NYSE:JNPR – Free Report) by 49.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,110 shares of the network equipment provider’s stock after acquiring an additional 1,362 shares during the period. Ronald Blue Trust Inc.’s holdings in Juniper Networks were worth $132,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. PNC Financial Services Group Inc. grew its stake in shares of Juniper Networks by 8.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 31,014 shares of the network equipment provider’s stock valued at $1,153,000 after purchasing an additional 2,476 shares during the period. Natixis Advisors L.P. acquired a new stake in shares of Juniper Networks in the 1st quarter valued at $1,036,000. MetLife Investment Management LLC grew its holdings in shares of Juniper Networks by 23.0% in the 1st quarter. MetLife Investment Management LLC now owns 88,358 shares of the network equipment provider’s stock worth $3,283,000 after purchasing an additional 16,513 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Juniper Networks by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 43,510 shares of the network equipment provider’s stock worth $1,617,000 after purchasing an additional 2,694 shares in the last quarter. Finally, Cibc World Market Inc. bought a new position in Juniper Networks during the 1st quarter valued at about $3,756,000. 88.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Juniper Networks

In other Juniper Networks news, Director Anne Delsanto sold 900 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $30.46, for a total transaction of $27,414.00. Following the sale, the director now directly owns 31,043 shares of the company’s stock, valued at $945,569.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Rami Rahim sold 6,250 shares of Juniper Networks stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $29.14, for a total transaction of $182,125.00. Following the completion of the transaction, the chief executive officer now directly owns 931,496 shares in the company, valued at approximately $27,143,793.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anne Delsanto sold 900 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $30.46, for a total value of $27,414.00. Following the transaction, the director now directly owns 31,043 shares in the company, valued at $945,569.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,800 shares of company stock valued at $801,630. 1.29% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

JNPR has been the subject of a number of research analyst reports. Evercore ISI upgraded shares of Juniper Networks from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $34.00 to $38.00 in a research note on Thursday, March 30th. The Goldman Sachs Group assumed coverage on Juniper Networks in a research report on Monday, March 6th. They issued a “buy” rating for the company. StockNews.com assumed coverage on Juniper Networks in a research note on Thursday, May 18th. They issued a “buy” rating for the company. Finally, Citigroup began coverage on shares of Juniper Networks in a research report on Thursday. They set a “buy” rating and a $38.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Juniper Networks has a consensus rating of “Hold” and an average target price of $35.07.

Juniper Networks Price Performance

Shares of NYSE JNPR opened at $31.33 on Monday. The company has a fifty day moving average price of $30.14 and a 200 day moving average price of $31.31. Juniper Networks, Inc. has a 1-year low of $25.18 and a 1-year high of $34.53. The firm has a market cap of $10.08 billion, a PE ratio of 20.48, a PEG ratio of 2.47 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 (NYSE:JNPR – Free Report) last released its earnings results on Tuesday, April 25th. The network equipment provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.35 billion. Juniper Networks had a net margin of 9.10% and a return on equity of 11.82%. Research analysts predict that Juniper Networks, Inc. will post 1.71 earnings per share for the current fiscal year.

Juniper Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 22nd. Stockholders of record on Thursday, June 1st were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend was Wednesday, May 31st. Juniper Networks’s payout ratio is presently 57.52%.

Juniper Networks Company Profile

(Free Report)

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; wide-area network SDN controllers; and session smart routers.