Juniper Networks, Inc. (NYSE:JNPR) Shares Bought by Comerica Bank

Comerica Bank increased its position in shares of Juniper Networks, Inc. (NYSE:JNPR – Get Rating) by 2.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,131 shares of the network equipment provider’s stock after acquiring an additional 814 shares during the period. Comerica Bank’s holdings in Juniper Networks were worth $1,200,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of JNPR. Millennium Management LLC grew its holdings in Juniper Networks by 477.8% during the second quarter. Millennium Management LLC now owns 2,736,231 shares of the network equipment provider’s stock worth $77,983,000 after acquiring an additional 2,262,674 shares during the period. Point72 Asset Management L.P. grew its holdings in Juniper Networks by 196.7% during the second quarter. Point72 Asset Management L.P. now owns 1,315,480 shares of the network equipment provider’s stock worth $37,491,000 after acquiring an additional 872,180 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Juniper Networks during the second quarter worth about $24,304,000. Woodline Partners LP acquired a new position in Juniper Networks during the second quarter worth about $18,983,000. Finally, Todd Asset Management LLC acquired a new position in Juniper Networks during the second quarter worth about $16,529,000. 89.22% of the stock is owned by institutional investors and hedge funds.

Juniper Networks Stock Up 1.2 %

JNPR opened at $31.85 on Tuesday. Juniper Networks, Inc. has a fifty-two week low of $25.18 and a fifty-two week high of $38.14. The business has a 50-day moving average of $31.93 and a 200-day moving average of $29.58. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.69 and a quick ratio of 1.42. The company has a market capitalization of $10.34 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 2.30 and a beta of 0.91.

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

Insider Transactions at Juniper Networks

In other news, Director Scott Kriens sold 140,000 shares of the firm’s stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $30.42, for a total transaction of $4,258,800.00. Following the completion of the sale, the director now directly owns 1,860,000 shares of the company’s stock, valued at approximately $56,581,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Scott Kriens sold 140,000 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $30.42, for a total value of $4,258,800.00. Following the transaction, the director now directly owns 1,860,000 shares of the company’s stock, valued at approximately $56,581,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rami Rahim sold 6,250 shares of the firm’s stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $29.82, for a total value of $186,375.00. Following the completion of the transaction, the chief executive officer now directly owns 801,235 shares in the company, valued at $23,892,827.70. The disclosure for this sale can be found here. Insiders sold 170,186 shares of company stock valued at $5,204,575 in the last three months. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on JNPR shares. Credit Suisse Group increased their price target on Juniper Networks from $27.00 to $29.00 and gave the company an “underperform” rating in a research report on Wednesday, October 26th. Wells Fargo & Company increased their price target on Juniper Networks from $32.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 26th. Rosenblatt Securities increased their price target on Juniper Networks from $32.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, October 26th. KeyCorp increased their price target on Juniper Networks from $36.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, January 18th. Finally, Raymond James increased their price target on Juniper Networks from $37.00 to $38.00 and gave the company a “strong-buy” rating in a research report on Wednesday, October 26th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.