Sienna Gestion Takes Position in Juniper Networks, Inc. (NYSE:JNPR)

Sienna Gestion acquired a new position in shares of Juniper Networks, Inc. (NYSE:JNPR) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 126,295 shares of the network equipment provider’s stock, valued at approximately $4,603,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Eisler Capital UK Ltd. acquired a new position in shares of Juniper Networks during the 4th quarter worth about $816,000. Tokio Marine Asset Management Co. Ltd. grew its stake in Juniper Networks by 2,772.3% in the first 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 purchasing an additional 441,161 shares in the last quarter. Treasurer of the State of North Carolina increased its position in shares of Juniper Networks by 20.2% during the 4th quarter. Treasurer of the State of North Carolina now owns 178,219 shares of the network equipment provider’s stock worth $5,254,000 after purchasing an additional 29,905 shares during the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of Juniper Networks during the 1st quarter worth approximately $4,945,000. Finally, Intech Investment Management LLC boosted its holdings in shares of Juniper Networks by 150.5% in the 4th quarter. Intech Investment Management LLC now owns 115,886 shares of the network equipment provider’s stock valued at $3,416,000 after buying an additional 69,615 shares during the last quarter. Institutional investors and hedge funds own 91.95% of the company’s stock.

Juniper Networks Stock Performance

JNPR opened at $38.98 on Thursday. 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 capitalization of $12.67 billion, a PE ratio of 56.49, a price-to-earnings-growth ratio of 11.18 and a beta of 0.93. The business has a fifty day simple moving average of $38.22 and a 200 day simple moving average of $36.73. Juniper Networks, Inc. has a 1 year low of $24.87 and a 1 year high of $39.09.

Juniper Networks (NYSE:JNPR) last released its quarterly 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). Juniper Networks had a net margin of 4.58% and a return on equity of 8.02%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the company posted $0.42 earnings per share. The company’s revenue was down 16.8% on a year-over-year basis. Research analysts expect that Juniper Networks, Inc. will post 0.97 EPS for the current year.

Juniper Networks Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on JNPR shares. Barclays lowered their target price on shares of Juniper Networks from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Needham & Company LLC reiterated a “hold” rating on shares of Juniper Networks in a research note on Friday, July 26th. Argus raised Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Tuesday, June 18th. Finally, StockNews.com initiated coverage on Juniper Networks in a research report on Monday. They issued a “hold” rating for the company. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Juniper Networks currently has an average rating of “Hold” and a consensus price target of $36.25.

Insider Buying and Selling

In other Juniper Networks news, CFO Kenneth Bradley Miller sold 40,000 shares of Juniper Networks stock in a transaction on Monday, July 1st. The stock was sold at an average price of $36.50, for a total value of $1,460,000.00. Following the completion of the transaction, the chief financial officer now directly owns 124,776 shares of the company’s stock, valued at approximately $4,554,324. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 108,669 shares of company stock valued at $3,947,279 over the last 90 days. 1.28% of the stock is owned by corporate insiders.

Juniper Networks 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.