Crossmark Global Holdings Inc. Sells 9,113 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Crossmark Global Holdings Inc. lessened its position in shares of Juniper Networks, Inc. (NYSE:JNPRGet Rating) by 30.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,289 shares of the network equipment provider’s stock after selling 9,113 shares during the period. Crossmark Global Holdings Inc.’s holdings in Juniper Networks were worth $556,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in JNPR. Wipfli Financial Advisors LLC bought a new position in shares of Juniper Networks in the 3rd quarter valued at about $31,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Juniper Networks in the 2nd quarter valued at about $36,000. Ronald Blue Trust Inc. grew its holdings in shares of Juniper Networks by 455.5% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,311 shares of the network equipment provider’s stock valued at $37,000 after acquiring an additional 1,075 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of Juniper Networks by 112.8% in the 2nd quarter. Whittier Trust Co. now owns 2,019 shares of the network equipment provider’s stock valued at $58,000 after acquiring an additional 1,070 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new position in shares of Juniper Networks in the 2nd quarter valued at about $59,000. Institutional investors own 89.22% of the company’s stock.

Juniper Networks Stock Up 0.0 %

NYSE JNPR opened at $31.46 on Monday. 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 1-year low of $25.18 and a 1-year high of $38.14. The company has a 50 day moving average of $31.90 and a 200-day moving average of $29.56. The company has a market cap of $10.21 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 2.30 and a beta of 0.91.

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

Juniper Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 22nd. Investors of record on Thursday, December 1st were paid a $0.21 dividend. 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 dividend payout ratio (DPR) is 65.12%.

Insider Activity at Juniper Networks

In related news, CEO Rami Rahim sold 6,250 shares of Juniper Networks stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $30.79, for a total value of $192,437.50. Following the transaction, the chief executive officer now directly owns 813,735 shares of the company’s stock, valued at $25,054,900.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Juniper Networks news, CEO Rami Rahim sold 6,250 shares of the business’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $30.79, for a total transaction of $192,437.50. Following the sale, the chief executive officer now owns 813,735 shares of the company’s stock, valued at $25,054,900.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Anne Delsanto sold 900 shares of the business’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $32.24, for a total transaction of $29,016.00. Following the sale, the director now directly owns 17,675 shares in the company, valued at approximately $569,842. The disclosure for this sale can be found here. Insiders have sold 170,186 shares of company stock valued at $5,204,575 over the last three months. 1.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on JNPR. StockNews.com began coverage on shares of Juniper Networks in a research note on Wednesday, October 12th. They issued a “buy” rating for the company. Wells Fargo & Company raised their target price on shares of Juniper Networks from $32.00 to $35.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 26th. Piper Sandler raised their target price on shares of Juniper Networks from $31.00 to $32.00 in a research note on Tuesday, January 17th. Credit Suisse Group raised their target price on shares of Juniper Networks from $27.00 to $29.00 and gave the company an “underperform” rating in a research note on Wednesday, October 26th. Finally, Raymond James raised their target price on shares of Juniper Networks from $37.00 to $38.00 and gave the company a “strong-buy” rating in a research note on Wednesday, October 26th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Juniper Networks has a consensus rating of “Hold” and a consensus target price of $34.13.

Juniper Networks Company Profile

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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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