US Bancorp DE Trims Stake in Juniper Networks, Inc. (NYSE:JNPR)

US Bancorp DE reduced its holdings in shares of Juniper Networks, Inc. (NYSE:JNPRGet Rating) by 11.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,564 shares of the network equipment provider’s stock after selling 3,199 shares during the period. US Bancorp DE’s holdings in Juniper Networks were worth $642,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wipfli Financial Advisors LLC purchased a new stake in Juniper Networks during the third quarter valued at approximately $31,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Juniper Networks in the second quarter worth approximately $36,000. Ronald Blue Trust Inc. boosted its position in shares of Juniper Networks by 455.5% in the third quarter. Ronald Blue Trust Inc. now owns 1,311 shares of the network equipment provider’s stock worth $37,000 after purchasing an additional 1,075 shares during the period. Whittier Trust Co. boosted its position in shares of Juniper Networks by 112.8% in the second quarter. Whittier Trust Co. now owns 2,019 shares of the network equipment provider’s stock worth $58,000 after purchasing an additional 1,070 shares during the period. Finally, Neo Ivy Capital Management bought a new position in shares of Juniper Networks in the second quarter worth approximately $59,000. 89.22% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Juniper Networks

In related news, Director Anne Delsanto sold 900 shares of Juniper Networks stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $32.24, for a total transaction of $29,016.00. Following the completion of the sale, the director now owns 17,675 shares in the company, valued at approximately $569,842. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, SVP Robert Mobassaly sold 4,286 shares of the business’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $31.50, for a total value of $135,009.00. Following the completion of the sale, the senior vice president now owns 19,221 shares in the company, valued at approximately $605,461.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Anne Delsanto sold 900 shares of the business’s stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $32.24, for a total transaction of $29,016.00. Following the completion of the sale, the director now owns 17,675 shares of the company’s stock, valued at approximately $569,842. The disclosure for this sale can be found here. Insiders sold 170,186 shares of company stock worth $5,204,575 in the last 90 days. 1.30% of the stock is owned by corporate insiders.

Juniper Networks Trading Up 0.0 %

Shares of JNPR opened at $31.46 on Friday. The company’s fifty day simple moving average is $31.90 and its 200-day simple moving average is $29.55. The company has a market cap of $10.21 billion, a P/E ratio of 24.39, a P/E/G ratio of 2.35 and a beta of 0.91. The company has a current ratio of 1.69, a quick ratio of 1.42 and a debt-to-equity ratio of 0.37. Juniper Networks, Inc. has a twelve month low of $25.18 and a twelve month high of $38.14.

Juniper Networks (NYSE:JNPRGet Rating) last released its earnings results on Tuesday, October 25th. The network equipment provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.07. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.35 billion. Juniper Networks had a net margin of 8.22% and a return on equity of 10.11%. As a group, analysts expect that Juniper Networks, Inc. will post 1.42 EPS for the current year.

Juniper Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 22nd. Investors of record on Thursday, December 1st were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $0.84 dividend on an annualized basis and a yield of 2.67%. Juniper Networks’s payout ratio is 65.12%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on JNPR. JPMorgan Chase & Co. upped their price target on shares of Juniper Networks from $39.00 to $42.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 20th. KeyCorp upped their target price on shares of Juniper Networks from $36.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday. Wells Fargo & Company upped their target price on shares of Juniper Networks from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 26th. Rosenblatt Securities upped their target price on shares of Juniper Networks from $32.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 26th. Finally, Credit Suisse Group upped their target price on shares of Juniper Networks from $27.00 to $29.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 26th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Juniper Networks has an average rating of “Hold” and a consensus target price of $34.13.

About Juniper Networks

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

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