Juniper Networks, Inc. (NYSE:JNPR) Stake Lowered by Meadow Creek Investment Management LLC

Meadow Creek Investment Management LLC cut its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 19.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 126,560 shares of the network equipment provider’s stock after selling 31,024 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in Juniper Networks were worth $3,371,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of JNPR. Northern Trust Corp grew its holdings in Juniper Networks by 1.9% in the 2nd quarter. Northern Trust Corp now owns 4,336,343 shares of the network equipment provider’s stock worth $115,477,000 after buying an additional 82,692 shares in the last quarter. Tiverton Asset Management LLC grew its holdings in Juniper Networks by 212.9% in the 2nd quarter. Tiverton Asset Management LLC now owns 12,399 shares of the network equipment provider’s stock worth $331,000 after buying an additional 8,437 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Juniper Networks by 7.6% in the 2nd quarter. Pacer Advisors Inc. now owns 76,659 shares of the network equipment provider’s stock worth $2,041,000 after buying an additional 5,397 shares in the last quarter. Bahl & Gaynor Inc. grew its holdings in Juniper Networks by 43.6% in the 2nd quarter. Bahl & Gaynor Inc. now owns 97,616 shares of the network equipment provider’s stock worth $2,600,000 after buying an additional 29,629 shares in the last quarter. Finally, M&T Bank Corp grew its holdings in Juniper Networks by 6.9% in the 2nd quarter. M&T Bank Corp now owns 21,003 shares of the network equipment provider’s stock worth $560,000 after buying an additional 1,364 shares in the last quarter. 90.89% of the stock is owned by institutional investors.

A number of equities analysts recently issued reports on the company. Citigroup lowered Juniper Networks from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $28.00 to $24.00 in a report on Monday, July 8th. Raymond James set a $29.00 target price on Juniper Networks and gave the stock a “buy” rating in a research report on Friday, September 6th. Rosenblatt Securities upgraded Juniper Networks from a “sell” rating to a “neutral” rating and upped their target price for the stock from $24.00 to $27.00 in a research report on Wednesday, June 12th. Evercore ISI initiated coverage on Juniper Networks in a research report on Wednesday. They issued an “inline” rating and a $26.00 target price for the company. Finally, Barclays initiated coverage on Juniper Networks in a research report on Wednesday, August 7th. They issued an “equal weight” rating and a $27.00 target price for the company. Four analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $27.40.

In other news, Director William Stensrud sold 10,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $24.00, for a total value of $240,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rahul N. Merchant sold 2,500 shares of the stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $27.06, for a total value of $67,650.00. Following the completion of the sale, the director now owns 37,370 shares of the company’s stock, valued at approximately $1,011,232.20. The disclosure for this sale can be found here. Insiders have sold a total of 28,500 shares of company stock valued at $737,990 in the last quarter. Insiders own 1.10% of the company’s stock.

JNPR opened at $24.49 on Thursday. Juniper Networks, Inc. has a 1-year low of $22.42 and a 1-year high of $30.80. The business has a 50 day moving average price of $24.63 and a two-hundred day moving average price of $26.19. The company has a market capitalization of $8.31 billion, a price-to-earnings ratio of 18.01, a price-to-earnings-growth ratio of 3.08 and a beta of 0.98. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.13 and a quick ratio of 2.13.

Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Thursday, July 25th. The network equipment provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.06). Juniper Networks had a net margin of 11.05% and a return on equity of 10.00%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the company posted $0.48 EPS. Juniper Networks’s revenue was down 8.4% on a year-over-year basis. Equities analysts expect that Juniper Networks, Inc. will post 1.25 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.10%. Juniper Networks’s dividend payout ratio (DPR) is presently 55.88%.

About Juniper Networks

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.

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

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