SG Americas Securities LLC Sells 146,621 Shares of Juniper Networks, Inc. (NYSE:JNPR)

SG Americas Securities LLC cut its stake in Juniper Networks, Inc. (NYSE:JNPR – Get Rating) by 86.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,304 shares of the network equipment provider’s stock after selling 146,621 shares during the quarter. SG Americas Securities LLC’s holdings in Juniper Networks were worth $583,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. grew its position in Juniper Networks by 3.1% during the second quarter. Meeder Asset Management Inc. now owns 13,724 shares of the network equipment provider’s stock valued at $391,000 after buying an additional 409 shares during the period. Convergence Investment Partners LLC grew its position in Juniper Networks by 1.1% during the second quarter. Convergence Investment Partners LLC now owns 38,051 shares of the network equipment provider’s stock valued at $1,084,000 after buying an additional 411 shares during the period. Janiczek Wealth Management LLC grew its position in Juniper Networks by 18.9% during the third quarter. Janiczek Wealth Management LLC now owns 2,962 shares of the network equipment provider’s stock valued at $78,000 after buying an additional 471 shares during the period. Texas Permanent School Fund grew its position in Juniper Networks by 1.2% during the second quarter. Texas Permanent School Fund now owns 42,676 shares of the network equipment provider’s stock valued at $1,216,000 after buying an additional 497 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. grew its position in Juniper Networks by 2.4% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 22,102 shares of the network equipment provider’s stock valued at $630,000 after buying an additional 520 shares during the period. 89.22% of the stock is currently owned by institutional investors.

Juniper Networks Price Performance

JNPR stock opened at $31.46 on Monday. Juniper Networks, Inc. has a one year low of $25.18 and a one year high of $38.14. The company’s fifty day moving average price is $31.90 and its 200-day moving average price is $29.56. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.42 and a current ratio of 1.69. The company has a market capitalization of $10.21 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 2.30 and a beta of 0.91.

Juniper Networks (NYSE:JNPR – Get Rating) last released its quarterly earnings results on Tuesday, October 25th. The network equipment provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.35 billion. Juniper Networks had a net margin of 8.22% and a return on equity of 10.11%. On average, equities analysts anticipate that Juniper Networks, Inc. will post 1.42 EPS for the current fiscal year.

Juniper Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 22nd. Investors of record on Thursday, December 1st were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date was Wednesday, November 30th. Juniper Networks’s payout ratio is 65.12%.

Insider Activity at Juniper Networks

In related news, Director Scott Kriens sold 140,000 shares of the company’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $30.42, for a total transaction of $4,258,800.00. Following the sale, the director now owns 1,860,000 shares of the company’s stock, valued at $56,581,200. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Juniper Networks news, Director Scott Kriens sold 140,000 shares of the business’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $30.42, for a total transaction of $4,258,800.00. Following the transaction, the director now owns 1,860,000 shares in the company, valued at $56,581,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anne Delsanto sold 900 shares of the business’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $32.24, for a total transaction of $29,016.00. Following the transaction, the director now owns 17,675 shares in the company, valued at approximately $569,842. The disclosure for this sale can be found here. Insiders have sold a total of 170,186 shares of company stock valued at $5,204,575 over the last 90 days. 1.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on JNPR. JPMorgan Chase & Co. boosted their target price on shares of Juniper Networks from $39.00 to $42.00 and gave the company an “overweight” rating in a research report on Tuesday, December 20th. Credit Suisse Group lifted their price target on shares of Juniper Networks from $27.00 to $29.00 and gave the company an “underperform” rating in a report on Wednesday, October 26th. Piper Sandler lifted their price target on shares of Juniper Networks from $31.00 to $32.00 in a report on Tuesday, January 17th. Morgan Stanley lifted their price target on shares of Juniper Networks from $25.00 to $29.00 and gave the company an “underweight” rating in a report on Tuesday, December 13th. Finally, Rosenblatt Securities lifted their price target on shares of Juniper Networks from $32.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, October 26th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $34.13.

Juniper Networks Profile

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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.