Juniper Networks, Inc. (NYSE:JNPR) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. boosted its position in Juniper Networks, Inc. (NYSE:JNPR) by 4.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,591 shares of the network equipment provider’s stock after purchasing an additional 762 shares during the quarter. Federated Hermes Inc.’s holdings in Juniper Networks were worth $605,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in JNPR. Eisler Capital UK Ltd. acquired a new position in shares of Juniper Networks during the 4th quarter valued at about $816,000. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Juniper Networks by 2,772.3% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 457,074 shares of the network equipment provider’s stock valued at $16,939,000 after buying an additional 441,161 shares during the period. Treasurer of the State of North Carolina lifted its holdings in Juniper Networks by 20.2% in the fourth quarter. Treasurer of the State of North Carolina now owns 178,219 shares of the network equipment provider’s stock valued at $5,254,000 after acquiring an additional 29,905 shares during the last quarter. Gamco Investors INC. ET AL purchased a new position in Juniper Networks in the first quarter worth approximately $4,945,000. Finally, Intech Investment Management LLC increased its stake in Juniper Networks by 150.5% during the fourth quarter. Intech Investment Management LLC now owns 115,886 shares of the network equipment provider’s stock worth $3,416,000 after acquiring an additional 69,615 shares during the last quarter. 91.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Kenneth Bradley Miller sold 40,000 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $36.50, for a total transaction of $1,460,000.00. Following the transaction, the chief financial officer now directly owns 124,776 shares in the company, valued at $4,554,324. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 108,669 shares of company stock valued at $3,947,279 over the last three months. 1.28% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Citigroup reaffirmed a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a research report on Monday. Argus raised Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Tuesday, June 18th. Barclays dropped their price objective on Juniper Networks from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. StockNews.com started coverage on Juniper Networks in a research note on Monday, September 16th. They set a “hold” rating for the company. Finally, Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a report on Friday, July 26th. Ten equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Juniper Networks has a consensus rating of “Hold” and a consensus target price of $36.67.

Juniper Networks Stock Down 0.1 %

JNPR stock opened at $38.87 on Tuesday. Juniper Networks, Inc. has a 12 month low of $24.87 and a 12 month high of $39.13. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.23. The company has a market cap of $12.63 billion, a price-to-earnings ratio of 56.33, a price-to-earnings-growth ratio of 11.18 and a beta of 0.93. The company has a fifty day moving average price of $38.36 and a 200 day moving average price of $36.77.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Thursday, July 25th. The network equipment provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.13). The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Juniper Networks had a return on equity of 8.02% and a net margin of 4.58%. The business’s quarterly revenue was down 16.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.42 EPS. Sell-side analysts expect that Juniper Networks, Inc. will post 0.97 earnings per share for the current year.

Juniper Networks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 2nd were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Friday, August 30th. Juniper Networks’s dividend payout ratio (DPR) is presently 127.54%.

Juniper Networks Company 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.