Juniper Networks, Inc. (NYSE:JNPR) Holdings Decreased by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR – Get Rating) by 9.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,812,387 shares of the network equipment provider’s stock after selling 498,534 shares during the quarter. Bank of New York Mellon Corp owned 1.48% of Juniper Networks worth $125,699,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Keene & Associates Inc. boosted its position in Juniper Networks by 3.1% during the third quarter. Keene & Associates Inc. now owns 11,545 shares of the network equipment provider’s stock valued at $302,000 after purchasing an additional 350 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in shares of Juniper Networks by 1.5% in the third quarter. Mercer Global Advisors Inc. ADV now owns 24,875 shares of the network equipment provider’s stock worth $650,000 after purchasing an additional 371 shares during the period. Bessemer Group Inc. increased its stake in shares of Juniper Networks by 11.7% in the third quarter. Bessemer Group Inc. now owns 3,686 shares of the network equipment provider’s stock worth $96,000 after purchasing an additional 386 shares during the period. Invst LLC increased its stake in shares of Juniper Networks by 3.0% in the third quarter. Invst LLC now owns 14,800 shares of the network equipment provider’s stock worth $390,000 after purchasing an additional 432 shares during the period. Finally, Janiczek Wealth Management LLC increased its stake in shares of Juniper Networks by 18.9% in the third quarter. Janiczek Wealth Management LLC now owns 2,962 shares of the network equipment provider’s stock worth $78,000 after purchasing an additional 471 shares during the period. Institutional investors and hedge funds own 89.22% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on JNPR. Barclays boosted their price target on Juniper Networks from $34.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, February 1st. KeyCorp boosted their price target on Juniper Networks from $36.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, January 18th. JPMorgan Chase & Co. boosted their price target on Juniper Networks from $39.00 to $42.00 and gave the company an “overweight” rating in a research note on Tuesday, December 20th. Piper Sandler boosted their price target on Juniper Networks from $31.00 to $32.00 in a research note on Tuesday, January 17th. Finally, Morgan Stanley upped their price objective on Juniper Networks from $25.00 to $29.00 and gave the company an “underweight” rating in a research note on Tuesday, December 13th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Juniper Networks presently has an average rating of “Hold” and a consensus target price of $34.53.

Juniper Networks Stock Performance

NYSE JNPR opened at $31.33 on Friday. The firm’s fifty day moving average price is $31.40 and its two-hundred day moving average price is $30.29. The stock has a market cap of $10.15 billion, a PE ratio of 21.76, a PEG ratio of 2.65 and a beta of 0.94. Juniper Networks, Inc. has a fifty-two week low of $25.18 and a fifty-two week high of $38.14. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 1.74.

Juniper Networks (NYSE:JNPR – Get Rating) last released its earnings results on Tuesday, January 31st. The network equipment provider reported $0.65 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.65. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.48 billion. Juniper Networks had a net margin of 8.88% and a return on equity of 10.91%. Juniper Networks’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share. On average, equities analysts expect that Juniper Networks, Inc. will post 1.66 EPS for the current fiscal year.

Juniper Networks Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 22nd. Shareholders of record on Wednesday, March 1st will be issued a dividend of $0.22 per share. This is a positive change from Juniper Networks’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Tuesday, February 28th. Juniper Networks’s payout ratio is currently 61.11%.

Insider Activity at Juniper Networks

In related news, SVP Robert Mobassaly sold 2,678 shares of Juniper Networks stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $31.50, for a total transaction of $84,357.00. Following the sale, the senior vice president now directly owns 21,899 shares in the company, valued at $689,818.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Anne Delsanto sold 900 shares of the business’s stock in a transaction on 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 transaction, the director now directly owns 17,675 shares in the company, valued at approximately $569,842. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert Mobassaly sold 2,678 shares of the company’s stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $31.50, for a total transaction of $84,357.00. Following the completion of the transaction, the senior vice president now directly owns 21,899 shares in the company, valued at approximately $689,818.50. The disclosure for this sale can be found here. In the last three months, insiders sold 61,878 shares of company stock valued at $1,918,822. 1.30% of the stock is owned by insiders.

Juniper Networks Company Profile

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Juniper Networks, Inc engages in the business of designing, developing, and selling products and services for high-performance networks to enable customers to build networks for their businesses while achieving agility and improved operating efficiency through automation. The firm also offers routing, switching, Wi-Fi, network security, artificial intelligence-enabled enterprise networking operations, and software-defined networking technologies.