Amalgamated Bank Has $2.40 Million Stock Position in Juniper Networks, Inc. (NYSE:JNPR)

Amalgamated Bank cut its position in Juniper Networks, Inc. (NYSE:JNPR) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,838 shares of the network equipment provider’s stock after selling 1,797 shares during the quarter. Amalgamated Bank’s holdings in Juniper Networks were worth $2,400,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC increased its position in Juniper Networks by 2,069.4% in the 2nd quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider’s stock worth $28,000 after buying an additional 745 shares during the period. OFI Invest Asset Management bought a new position in Juniper Networks during the second quarter worth $31,000. Johnson Financial Group Inc. acquired a new position in Juniper Networks during the 4th quarter valued at $35,000. Longfellow Investment Management Co. LLC bought a new stake in Juniper Networks in the 2nd quarter valued at $36,000. Finally, Fidelis Capital Partners LLC acquired a new stake in Juniper Networks in the 1st quarter worth $43,000. Institutional investors own 91.95% of the company’s stock.

Insider Activity

In related news, CFO Kenneth Bradley Miller sold 28,669 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $36.53, for a total transaction of $1,047,278.57. Following the sale, the chief financial officer now directly owns 56,107 shares in the company, valued at approximately $2,049,588.71. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 108,669 shares of company stock worth $3,947,279. Insiders own 1.28% of the company’s stock.

Analyst Upgrades and Downgrades

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

Juniper Networks Price Performance

Shares of JNPR stock opened at $38.81 on Wednesday. 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 stock’s fifty day simple moving average is $38.39 and its 200 day simple moving average is $36.78. Juniper Networks, Inc. has a one year low of $24.87 and a one year high of $39.13. The firm has a market cap of $12.61 billion, a price-to-earnings ratio of 56.25, a P/E/G ratio of 11.18 and a beta of 0.93.

Juniper Networks (NYSE:JNPR) last issued its earnings results on Thursday, July 25th. The network equipment provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.13). The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.25 billion. Juniper Networks had a net margin of 4.58% and a return on equity of 8.02%. The firm’s revenue for the quarter was down 16.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 EPS. On average, analysts expect that Juniper Networks, Inc. will post 0.97 earnings per share for the current fiscal year.

Juniper Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 2nd were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Friday, August 30th. Juniper Networks’s payout ratio is 127.54%.

About Juniper Networks

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.