Federated Hermes Inc. Grows Stake in Juniper Networks, Inc. (NYSE:JNPR)

Federated Hermes Inc. increased its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 24.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 17,991 shares of the network equipment provider’s stock after acquiring an additional 3,478 shares during the quarter. Federated Hermes Inc.’s holdings in Juniper Networks were worth $530,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Juniper Networks by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 40,989,123 shares of the network equipment provider’s stock worth $1,139,088,000 after acquiring an additional 325,418 shares during the last quarter. Legal & General Group Plc increased its position in shares of Juniper Networks by 3.8% in the third quarter. Legal & General Group Plc now owns 5,982,734 shares of the network equipment provider’s stock worth $166,260,000 after purchasing an additional 219,860 shares during the last quarter. Invesco Ltd. raised its stake in Juniper Networks by 9.7% in the third quarter. Invesco Ltd. now owns 5,709,064 shares of the network equipment provider’s stock valued at $158,655,000 after purchasing an additional 502,673 shares in the last quarter. American Century Companies Inc. lifted its position in Juniper Networks by 4.6% during the third quarter. American Century Companies Inc. now owns 4,047,880 shares of the network equipment provider’s stock valued at $112,491,000 after purchasing an additional 176,253 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Juniper Networks by 5.6% in the 3rd quarter. Northern Trust Corp now owns 3,407,278 shares of the network equipment provider’s stock worth $94,688,000 after buying an additional 181,174 shares in the last quarter. Institutional investors own 91.95% of the company’s stock.

Insider Buying and Selling at Juniper Networks

In other news, CEO Rami Rahim sold 5,556 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $37.10, for a total value of $206,127.60. Following the completion of the sale, the chief executive officer now directly owns 829,406 shares of the company’s stock, valued at approximately $30,770,962.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Juniper Networks news, CEO Rami Rahim sold 5,556 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $37.10, for a total transaction of $206,127.60. Following the transaction, the chief executive officer now owns 829,406 shares in the company, valued at approximately $30,770,962.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Robert Mobassaly sold 5,173 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $36.78, for a total value of $190,262.94. Following the completion of the transaction, the senior vice president now owns 36,061 shares of the company’s stock, valued at approximately $1,326,323.58. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 227,412 shares of company stock valued at $8,392,730. 1.29% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

JNPR has been the subject of a number of research analyst reports. Barclays lifted their price objective on shares of Juniper Networks from $40.00 to $41.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Rosenblatt Securities lifted their price target on Juniper Networks from $31.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. Needham & Company LLC reiterated a “hold” rating on shares of Juniper Networks in a research report on Friday, April 26th. StockNews.com began coverage on Juniper Networks in a research report on Friday. They issued a “hold” rating for the company. Finally, Morgan Stanley upgraded shares of Juniper Networks from an “underweight” rating to an “equal weight” rating and set a $40.00 price target on the stock in a research report on Thursday, January 11th. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Juniper Networks currently has an average rating of “Hold” and an average target price of $34.55.

Juniper Networks Stock Up 0.5 %

NYSE JNPR opened at $34.84 on Friday. Juniper Networks, Inc. has a 1 year low of $24.87 and a 1 year high of $38.04. The stock has a market capitalization of $11.32 billion, a PE ratio of 50.49, a PEG ratio of 8.78 and a beta of 0.98. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.27. The business’s 50-day moving average is $36.62 and its 200 day moving average is $33.03.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data on Tuesday, January 30th. The network equipment provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Juniper Networks had a return on equity of 10.02% and a net margin of 4.19%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.41 billion. Sell-side analysts forecast that Juniper Networks, Inc. will post 1.12 earnings per share for the current year.

Juniper Networks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 3rd will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.53%. The ex-dividend date is Monday, June 3rd. Juniper Networks’s dividend payout ratio (DPR) is currently 127.54%.

Juniper Networks Profile

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.