Pacer Advisors Inc. Lowers Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Posted by Defense World Staff on Sep 30th, 2023

Pacer Advisors Inc. decreased its holdings in Juniper Networks, Inc. (NYSE:JNPR – Free Report) by 20.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,576 shares of the network equipment provider’s stock after selling 6,150 shares during the quarter. Pacer Advisors Inc.’s holdings in Juniper Networks were worth $739,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. PNC Financial Services Group Inc. raised its holdings in Juniper Networks by 8.7% in the first quarter. PNC Financial Services Group Inc. now owns 31,014 shares of the network equipment provider’s stock valued at $1,153,000 after acquiring an additional 2,476 shares in the last quarter. Natixis Advisors L.P. acquired a new stake in Juniper Networks in the first quarter valued at approximately $1,036,000. MetLife Investment Management LLC raised its holdings in Juniper Networks by 23.0% in the first quarter. MetLife Investment Management LLC now owns 88,358 shares of the network equipment provider’s stock valued at $3,283,000 after acquiring an additional 16,513 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Juniper Networks by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 43,510 shares of the network equipment provider’s stock valued at $1,617,000 after acquiring an additional 2,694 shares in the last quarter. Finally, Cibc World Market Inc. acquired a new stake in Juniper Networks in the first quarter valued at approximately $3,756,000. Hedge funds and other institutional investors own 87.79% of the company’s stock.

Insiders Place Their Bets

In other Juniper Networks news, Director Anne Delsanto sold 900 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $31.21, for a total transaction of $28,089.00. Following the sale, the director now directly owns 30,143 shares in the company, valued at approximately $940,763.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Kenneth Bradley Miller sold 15,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $27.61, for a total value of $414,150.00. Following the sale, the chief financial officer now directly 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 available through this link. Also, Director Anne Delsanto sold 900 shares of the business’s stock in a transaction dated 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 sale, the director now owns 30,143 shares in the company, valued at $940,763.03. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,700 shares of company stock worth $493,719. Corporate insiders own 1.29% of the company’s stock.

Juniper Networks Stock Performance

NYSE:JNPR opened at $27.79 on Friday. The firm’s fifty day moving average price is $28.31 and its 200 day moving average price is $30.11. 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 firm has a market cap of $8.93 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 1.78 and a beta of 0.91.

Juniper Networks (NYSE:JNPR – Get Free Report) last posted its quarterly earnings data on Thursday, July 27th. The network equipment provider reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Juniper Networks had a net margin of 7.27% and a return on equity of 12.85%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.42 billion. On average, sell-side analysts expect that Juniper Networks, Inc. will post 1.58 EPS for the current year.

Juniper Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 1st were given a $0.22 dividend. The ex-dividend date was Thursday, August 31st. This represents a $0.88 dividend on an annualized basis and a yield of 3.17%. Juniper Networks’s dividend payout ratio (DPR) is 70.40%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on JNPR. Citigroup reduced their target price on shares of Juniper Networks from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, July 28th. Raymond James cut their price objective on shares of Juniper Networks from $37.00 to $35.00 in a report on Friday, July 28th. Piper Sandler cut their price objective on shares of Juniper Networks from $32.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, July 28th. Needham & Company LLC cut their price objective on shares of Juniper Networks from $41.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, July 28th. Finally, Barclays cut their price objective on shares of Juniper Networks from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $34.38.

Check Out Our Latest Research Report on Juniper Networks

Juniper Networks 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.