Keybank National Association OH lessened its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR – Free Report) by 4.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,463 shares of the network equipment provider’s stock after selling 653 shares during the period. Keybank National Association OH’s holdings in Juniper Networks were worth $463,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the business. Cibc World Markets Corp raised its position in shares of Juniper Networks by 110.1% in the 4th quarter. Cibc World Markets Corp now owns 53,089 shares of the network equipment provider’s stock worth $1,697,000 after purchasing an additional 27,826 shares during the last quarter. First Hawaiian Bank raised its position in Juniper Networks by 13.0% in the 1st quarter. First Hawaiian Bank now owns 68,195 shares of the network equipment provider’s stock worth $2,347,000 after buying an additional 7,826 shares during the last quarter. Impax Asset Management Group plc raised its position in Juniper Networks by 6.7% in the 4th quarter. Impax Asset Management Group plc now owns 17,453 shares of the network equipment provider’s stock worth $558,000 after buying an additional 1,103 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Juniper Networks by 16.3% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 54,861 shares of the network equipment provider’s stock worth $1,753,000 after buying an additional 7,673 shares during the last quarter. Finally, Credit Suisse AG raised its position in Juniper Networks by 3.0% in the 4th quarter. Credit Suisse AG now owns 1,082,953 shares of the network equipment provider’s stock worth $34,611,000 after buying an additional 31,098 shares during the last quarter. Institutional investors own 88.15% of the company’s stock.
Insider Activity
In other news, Director Anne Delsanto sold 900 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $31.21, for a total transaction of $28,089.00. Following the completion of the transaction, the director now directly owns 30,143 shares in the company, valued at approximately $940,763.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Kenneth Bradley Miller sold 15,000 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $27.61, for a total transaction of $414,150.00. Following the sale, the chief financial officer now owns 225,828 shares in the company, valued at approximately $6,235,111.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anne Delsanto sold 900 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $31.21, for a total value of $28,089.00. Following the sale, the director now owns 30,143 shares in the company, valued at approximately $940,763.03. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,200 shares of company stock worth $871,398. 1.29% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Get Our Latest Research Report on Juniper Networks
Juniper Networks Trading Up 1.2 %
JNPR stock opened at $28.35 on Wednesday. Juniper Networks, Inc. has a 1-year low of $25.18 and a 1-year high of $34.53. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.66 and a quick ratio of 1.25. The company has a market capitalization of $9.11 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 1.81 and a beta of 0.93. The business has a 50 day simple moving average of $29.70 and a two-hundred day simple moving average of $30.63.
Juniper Networks (NYSE:JNPR – Get Free Report) last posted its quarterly earnings results on Thursday, July 27th. The network equipment provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.03. Juniper Networks had a return on equity of 12.85% and a net margin of 7.27%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.42 billion. Research analysts anticipate that Juniper Networks, Inc. will post 1.58 EPS for the current fiscal year.
Juniper Networks Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 1st will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, August 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.10%. Juniper Networks’s dividend payout ratio is currently 70.40%.
Juniper Networks Company Profile
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.
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