Juniper Networks, Inc. (JNPR) Holdings Raised by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC raised its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 299.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 108,540 shares of the network equipment provider’s stock after acquiring an additional 81,370 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Juniper Networks were worth $3,026,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Juniper Networks by 6.4% in the second quarter. Vanguard Group Inc. now owns 38,434,820 shares of the network equipment provider’s stock valued at $1,071,564,000 after acquiring an additional 2,314,683 shares during the period. BlackRock Inc. lifted its holdings in Juniper Networks by 2,310.0% in the first quarter. BlackRock Inc. now owns 25,175,402 shares of the network equipment provider’s stock valued at $700,629,000 after acquiring an additional 24,130,800 shares during the period. State Street Corp lifted its holdings in Juniper Networks by 4.4% in the first quarter. State Street Corp now owns 17,739,857 shares of the network equipment provider’s stock valued at $493,700,000 after acquiring an additional 751,132 shares during the period. Dodge & Cox lifted its holdings in Juniper Networks by 0.4% in the second quarter. Dodge & Cox now owns 17,690,957 shares of the network equipment provider’s stock valued at $493,224,000 after acquiring an additional 74,877 shares during the period. Finally, Diamond Hill Capital Management Inc. lifted its holdings in Juniper Networks by 40.0% in the second quarter. Diamond Hill Capital Management Inc. now owns 11,378,124 shares of the network equipment provider’s stock valued at $317,222,000 after acquiring an additional 3,248,819 shares during the period. 90.16% of the stock is owned by institutional investors.

A number of research firms have commented on JNPR. BidaskClub raised Juniper Networks from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research downgraded Juniper Networks from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Royal Bank Of Canada reissued a “hold” rating and issued a $30.00 target price on shares of Juniper Networks in a report on Wednesday, August 2nd. UBS AG reissued a “neutral” rating and issued a $30.00 target price (up previously from $28.00) on shares of Juniper Networks in a report on Wednesday, July 26th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $30.25 target price on shares of Juniper Networks in a report on Tuesday, October 3rd. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $30.91.

Juniper Networks, Inc. (NYSE JNPR) traded down 0.07% during mid-day trading on Friday, reaching $28.43. The company’s stock had a trading volume of 5,952,123 shares. Juniper Networks, Inc. has a 1-year low of $22.41 and a 1-year high of $30.96. The firm has a market capitalization of $10.81 billion, a price-to-earnings ratio of 17.01 and a beta of 1.09. The firm has a 50-day moving average of $27.67 and a 200 day moving average of $28.49.

Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.03. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.50 EPS. Equities analysts expect that Juniper Networks, Inc. will post $2.24 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 1st were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Wednesday, August 30th. Juniper Networks’s dividend payout ratio is currently 23.39%.

In related news, EVP Vincent Molinaro sold 5,031 shares of the stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $30.00, for a total value of $150,930.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Terrance F. Spidell sold 3,313 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $27.69, for a total value of $91,736.97. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,044 shares of company stock valued at $974,774. Company insiders own 3.40% of the company’s stock.

WARNING: “Juniper Networks, Inc. (JNPR) Holdings Raised by Cubist Systematic Strategies LLC” was originally posted by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this news story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The original version of this news story can be accessed at https://transcriptdaily.com/2017/10/08/juniper-networks-inc-jnpr-holdings-raised-by-cubist-systematic-strategies-llc.html.

Juniper Networks Company Profile

Juniper Networks, Inc designs, develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa, and Asia Pacific.

Want to see what other hedge funds are holding JNPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Juniper Networks, Inc. (NYSE:JNPR).

Institutional Ownership by Quarter for Juniper Networks (NYSE:JNPR)

Receive News & Ratings for Juniper Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Juniper Networks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply