First Hawaiian Bank Trims Holdings in Juniper Networks, Inc. (NYSE:JNPR)

First Hawaiian Bank trimmed its position in Juniper Networks, Inc. (NYSE:JNPR) by 1.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 67,515 shares of the network equipment provider’s stock after selling 680 shares during the quarter. First Hawaiian Bank’s holdings in Juniper Networks were worth $2,115,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of JNPR. Norges Bank purchased a new position in Juniper Networks during the fourth quarter valued at approximately $95,829,000. BlackRock Inc. raised its position in Juniper Networks by 8.8% during the first quarter. BlackRock Inc. now owns 34,426,578 shares of the network equipment provider’s stock valued at $1,184,963,000 after acquiring an additional 2,776,885 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Juniper Networks by 995.6% during the first quarter. Envestnet Asset Management Inc. now owns 2,716,433 shares of the network equipment provider’s stock valued at $10,972,000 after acquiring an additional 2,468,496 shares in the last quarter. American Century Companies Inc. raised its position in Juniper Networks by 131.1% during the fourth quarter. American Century Companies Inc. now owns 4,073,056 shares of the network equipment provider’s stock valued at $130,175,000 after acquiring an additional 2,310,476 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in Juniper Networks by 1,803.4% during the first quarter. Nomura Asset Management Co. Ltd. now owns 1,647,874 shares of the network equipment provider’s stock valued at $56,720,000 after acquiring an additional 1,561,300 shares in the last quarter. 87.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Juniper Networks

In other news, Director Anne Delsanto sold 900 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $29.22, for a total transaction of $26,298.00. Following the completion of the transaction, the director now directly owns 28,343 shares in the company, valued at approximately $828,182.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Kenneth Bradley Miller sold 15,000 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $27.61, for a total transaction of $414,150.00. Following the transaction, the chief financial officer now owns 225,828 shares of the company’s stock, valued at approximately $6,235,111.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Anne Delsanto sold 900 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $29.22, for a total value of $26,298.00. Following the transaction, the director now directly owns 28,343 shares in the company, valued at approximately $828,182.46. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,700 shares of company stock worth $493,719. 1.29% of the stock is currently owned by company insiders.

Juniper Networks Stock Down 0.2 %

Shares of NYSE:JNPR opened at $28.35 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.66 and a debt-to-equity ratio of 0.37. The business has a fifty day moving average of $28.85 and a two-hundred day moving average of $30.33. The stock has a market cap of $9.11 billion, a P/E ratio of 22.68, a PEG ratio of 1.83 and a beta of 0.91. Juniper Networks, Inc. has a 52-week low of $25.18 and a 52-week high of $34.53.

Juniper Networks (NYSE:JNPR) last issued its earnings results on Thursday, July 27th. The network equipment provider reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.03. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Juniper Networks had a return on equity of 12.85% and a net margin of 7.27%. On average, research analysts expect that Juniper Networks, Inc. will post 1.58 earnings per share for the current year.

Juniper Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 1st will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Thursday, August 31st. Juniper Networks’s dividend payout ratio is presently 70.40%.

Analyst Ratings Changes

A number of analysts have recently commented on JNPR shares. Barclays cut their price objective on Juniper Networks from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, July 28th. Raymond James cut their price objective on Juniper Networks from $37.00 to $35.00 in a research report on Friday, July 28th. BNP Paribas initiated coverage on Juniper Networks in a research note on Thursday, July 20th. They issued a “neutral” rating and a $31.00 price target on the stock. Piper Sandler dropped their price target on Juniper Networks from $32.00 to $28.00 and set a “neutral” rating for the company in a research report on Friday, July 28th. Finally, Citigroup dropped their price target on Juniper Networks from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $34.38.

About Juniper Networks

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.