The institutional investor owned 95,937 shares of the network equipment provider's stock after purchasing an additional 39,100 shares during the period. Juniper Networks's revenue was down 2.1% compared to the same quarter past year.
Several hedge funds have recently modified their holdings of the company.
Press coverage about Juniper Networks (NYSE:JNPR) has trended somewhat positive recently, Accern Sentiment Analysis reports. Juniper Networks earned a media sentiment score of 0.23 on Alpha One's scale. River Wealth Advisors LLC bought a new stake in shares of Juniper Networks in the second quarter valued at about $206,000. The stock ended last trade at $44.84 a share and the price is up more than 23.63% so far this year. Finally, Synovus Financial Corp lifted its stake in shares of Juniper Networks by 1.9% in the second quarter. Cadence Capital Management LLC now owns 12,930 shares of the network equipment provider's stock valued at $360,000 after buying an additional 63 shares during the period.
Institutional investors have also been busy with the stock.
In other Juniper Networks news, CEO Rami Rahim sold 5,400 shares of the business's stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $26.35, for a total transaction of $142,290.00. Following the transaction, the chief executive officer now owns 469,607 shares of the company's stock, valued at $12,322,487.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The shares were bought at an average price of $24.48 per share, with a total value of $48,960.00. Following the completion of the purchase, the director now owns 22,543 shares of the company's stock, valued at $551,852.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. ValuEngine raised shares of Juniper Networks from a "hold" rating to a "buy" rating in a research report on Thursday. Nomura cut shares of Juniper Networks from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $33.00 to $27.00 in a report on Thursday, October 12th. The company presently has a consensus rating of "Hold" and a consensus price target of $29.42.
Brown Advisory Inc. Decreases Holdings in iShares Russell 1000 Value Index (IWD)
Looking at some alternate time periods, the 12 month price index is 1.14797, the 24 month is 1.30593, and the 36 month is 1.33641. The score ranges from zero to six where a 0 would indicate no evidence of book cooking, and a 6 would indicate a high likelihood.
Shares of Juniper Networks, Inc. Finally, Bank of America lowered their price target on Juniper Networks from $30.00 to $28.00 and set a "neutral" rating for the company in a research report on Wednesday, October 25th. The company's market cap is $10.5 Billion, and the average volume is $5.89 Million. When we look at the Volatility of the company, Week Volatility is at 3.96% whereas Month Volatility is at 2.79%.
The highest price JNPR stock touched in the last 12 month was $30.96 and the lowest price it hit in the same period was $23.87. Their activity in JNPR in recent trading has also spurred interest in the stock. According to the Analysts, the Low Earnings estimate for the current quarter is $0.48, while the High earnings estimate is $0.54.Comparatively, EPS for the same quarter past year was $0.64. Juniper Networks had a net margin of 12.77% and a return on equity of 13.81%.
According to 21 analysts, the Average Revenue Estimate for the current Fiscal quarter is $1.23 Billion and the Low Revenue estimate is $1.21 Billion, while the High Revenue estimate is $1.25 Billion.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.40 annualized dividend and a yield of 1.41%. For the most recent quarter, quick ratio was 2.6, current ratio was 2.7, LT Debt/Equity ratio was 0.41 and Total Debt/Equity ratio stands at 0, while Payout ratio is 0.236.
TRADEMARK VIOLATION WARNING: "Juniper Networks, Inc".
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