Franklin Resources Inc. increased its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 22.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,674 shares of the network equipment providers stock after purchasing an additional 3,010 shares during the quarter. Franklin Resources Inc.s holdings in Juniper Networks were worth $500,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in JNPR. D.A. Davidson & CO. bought a new position in Juniper Networks during the third quarter valued at approximately $218,000. Dean Capital Investments Management LLC bought a new position in Juniper Networks during the third quarter valued at approximately $220,000. Advisor Partners LLC bought a new position in Juniper Networks during the third quarter valued at approximately $226,000. Tower Research Capital LLC TRC boosted its stake in Juniper Networks by 86.0% during the second quarter. Tower Research Capital LLC TRC now owns 9,486 shares of the network equipment providers stock valued at $260,000 after buying an additional 4,386 shares during the last quarter. Finally, FNY Investment Advisers LLC boosted its stake in Juniper Networks by 18,418.5% during the third quarter. FNY Investment Advisers LLC now owns 10,000 shares of the network equipment providers stock valued at $298,000 after buying an additional 9,946 shares during the last quarter. Hedge funds and other institutional investors own 91.35% of the companys stock.
In related news, insider Anand Athreya sold 113,039 shares of the firms stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $29.70, for a total transaction of $3,357,258.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Rami Rahim sold 5,400 shares of the firms stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $30.44, for a total value of $164,376.00. The disclosure for this sale can be found here. Insiders sold a total of 133,839 shares of company stock valued at $3,987,726 over the last ninety days. Corporate insiders own 1.40% of the companys stock.
NYSE:JNPR opened at $26.23 on Friday. The company has a market capitalization of $9.30 billion, a PE ratio of 15.16, a P/E/G ratio of 3.69 and a beta of 0.84. Juniper Networks, Inc. has a 1 year low of $23.61 and a 1 year high of $30.80. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.47 and a quick ratio of 2.47.
Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Tuesday, October 23rd. The network equipment provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.10. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. Juniper Networks had a return on equity of 10.42% and a net margin of 4.82%. The companys revenue for the quarter was down 6.2% on a year-over-year basis. During the same period last year, the company earned $0.55 EPS. Research analysts expect that Juniper Networks, Inc. will post 1.32 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Wednesday, December 5th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Tuesday, December 4th. Juniper Networkss payout ratio is 41.62%.
JNPR has been the subject of a number of research reports. TheStreet raised Juniper Networks from a c+ rating to a b- rating in a research note on Thursday, September 20th. Zacks Investment Research raised Juniper Networks from a hold rating to a buy rating and set a $33.00 price target for the company in a research note on Wednesday, September 26th. ValuEngine raised Juniper Networks from a hold rating to a buy rating in a research note on Saturday, September 22nd. Nomura raised Juniper Networks from a neutral rating to a buy rating and increased their price target for the company from $28.00 to $34.00 in a research note on Wednesday, September 19th. Finally, Oppenheimer set a $33.00 price target on Juniper Networks and gave the company a buy rating in a research note on Tuesday, October 23rd. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $27.95.
This article provided by NewsEdge.