Bank of New York Mellon Corp Lowers Stock Position in Juniper Networks, Inc. (NYSE:JNPR)

Bank of New York Mellon Corp lessened its holdings in Juniper Networks, Inc. (NYSE:JNPR – Get Rating) by 9.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,812,387 shares of the network equipment provider’s stock after selling 498,534 shares during the quarter. Bank of New York Mellon Corp’s holdings in Juniper Networks were worth $125,699,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Wipfli Financial Advisors LLC purchased a new stake in Juniper Networks during the third quarter valued at approximately $31,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Juniper Networks during the second quarter valued at approximately $36,000. Ronald Blue Trust Inc. lifted its position in Juniper Networks by 455.5% during the third quarter. Ronald Blue Trust Inc. now owns 1,311 shares of the network equipment provider’s stock valued at $37,000 after acquiring an additional 1,075 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in Juniper Networks during the second quarter valued at approximately $59,000. Finally, Janiczek Wealth Management LLC lifted 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 acquiring an additional 471 shares during the last quarter. Hedge funds and other institutional investors own 89.22% of the company’s stock.

Juniper Networks Stock Down 0.8 %

JNPR stock opened at $31.33 on Friday. The firm has a market cap of $10.15 billion, a PE ratio of 21.76, a P/E/G ratio of 2.65 and a beta of 0.94. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 1.74. The firm’s fifty day moving average is $31.40 and its 200 day moving average is $30.29. Juniper Networks, Inc. has a one year low of $25.18 and a one year high of $38.14.

Juniper Networks (NYSE:JNPR – Get Rating) last released its quarterly earnings results on Tuesday, January 31st. The network equipment provider reported $0.65 EPS for the quarter, meeting the consensus estimate of $0.65. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.48 billion. Juniper Networks had a net margin of 8.88% and a return on equity of 10.91%. The firm’s revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the business earned $0.41 earnings per share. On average, research analysts forecast that Juniper Networks, Inc. will post 1.66 EPS for the current year.

Juniper Networks Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 22nd. Investors of record on Wednesday, March 1st will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.81%. The ex-dividend date is Tuesday, February 28th. This is a positive change from Juniper Networks’s previous quarterly dividend of $0.21. Juniper Networks’s dividend payout ratio (DPR) is currently 61.11%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on JNPR. KeyCorp upped their price target on shares of Juniper Networks from $36.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, January 18th. The Goldman Sachs Group began coverage on shares of Juniper Networks in a research note on Monday, March 6th. They set a “buy” rating on the stock. Piper Sandler upped their price target on shares of Juniper Networks from $31.00 to $32.00 in a research note on Tuesday, January 17th. Morgan Stanley upped their price target on shares of Juniper Networks from $25.00 to $29.00 and gave the company an “underweight” rating in a research note on Tuesday, December 13th. Finally, Citigroup upped their price target on shares of Juniper Networks from $30.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday, February 1st. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $34.53.

Insider Activity at Juniper Networks

In other Juniper Networks news, SVP Robert Mobassaly sold 2,678 shares of the stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $31.50, for a total transaction of $84,357.00. Following the transaction, the senior vice president now directly owns 21,899 shares of the company’s stock, valued at $689,818.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Juniper Networks news, SVP Robert Mobassaly sold 2,678 shares of the stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $31.50, for a total transaction of $84,357.00. Following the transaction, the senior vice president now directly owns 21,899 shares of the company’s stock, valued at $689,818.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Rami Rahim sold 6,250 shares of the stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $30.59, for a total transaction of $191,187.50. Following the transaction, the chief executive officer now directly owns 776,235 shares in the company, valued at $23,745,028.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,878 shares of company stock worth $1,918,822. 1.30% of the stock is owned by company insiders.

Juniper Networks Profile

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Juniper Networks, Inc engages in the business of designing, developing, and selling products and services for high-performance networks to enable customers to build networks for their businesses while achieving agility and improved operating efficiency through automation. The firm also offers routing, switching, Wi-Fi, network security, artificial intelligence-enabled enterprise networking operations, and software-defined networking technologies.