Juniper Networks, Inc. (JNPR) Stake Lifted by Toronto Dominion Bank

Toronto Dominion Bank lifted its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 33.8% during the first quarter, HoldingsChannel.com reports. The fund owned 255,072 shares of the network equipment provider’s stock after acquiring an additional 64,376 shares during the quarter. Toronto Dominion Bank’s holdings in Juniper Networks were worth $6,750,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Mondrian Capital Management LLC acquired a new position in Juniper Networks during the fourth quarter worth about $27,000. Covington Capital Management acquired a new position in Juniper Networks during the fourth quarter worth about $31,000. Bremer Trust National Association acquired a new position in Juniper Networks during the fourth quarter worth about $41,000. Financial Gravity Companies Inc. acquired a new position in Juniper Networks during the fourth quarter worth about $47,000. Finally, NuWave Investment Management LLC grew its position in Juniper Networks by 1,947.1% during the fourth quarter. NuWave Investment Management LLC now owns 2,436 shares of the network equipment provider’s stock worth $65,000 after buying an additional 2,317 shares during the period. Institutional investors and hedge funds own 90.57% of the company’s stock.

Several research analysts have weighed in on the stock. TheStreet lowered shares of Juniper Networks from a “b” rating to a “c+” rating in a research report on Thursday, April 25th. Zacks Investment Research upgraded shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Monday, April 8th. Piper Jaffray Companies set a $27.00 target price on shares of Juniper Networks and gave the stock a “hold” rating in a research report on Tuesday, March 5th. ValuEngine lowered shares of Juniper Networks from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. Finally, Wolfe Research lowered shares of Juniper Networks from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 30th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. Juniper Networks currently has a consensus rating of “Hold” and an average target price of $28.15.

In other news, Director William Stensrud sold 35,000 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $26.01, for a total value of $910,350.00. Following the sale, the director now directly owns 5,531 shares in the company, valued at $143,861.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bikash Koley sold 10,882 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $27.68, for a total transaction of $301,213.76. Following the completion of the sale, the executive vice president now owns 48,620 shares in the company, valued at $1,345,801.60. The disclosure for this sale can be found here. Insiders sold 82,523 shares of company stock worth $2,230,218 over the last quarter. Company insiders own 1.10% of the company’s stock.

Shares of JNPR stock traded up $0.56 during trading hours on Tuesday, hitting $25.96. The company’s stock had a trading volume of 53,368 shares, compared to its average volume of 3,545,054. The firm has a market capitalization of $8.77 billion, a PE ratio of 19.01, a P/E/G ratio of 2.85 and a beta of 0.84. Juniper Networks, Inc. has a twelve month low of $24.82 and a twelve month high of $30.80. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.89 and a quick ratio of 2.89.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Thursday, April 25th. The network equipment provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.11 by $0.15. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $983.92 million. Juniper Networks had a net margin of 12.34% and a return on equity of 10.67%. The company’s quarterly revenue was down 7.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 earnings per share. As a group, sell-side analysts anticipate that Juniper Networks, Inc. will post 1.42 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 3rd will be given a $0.19 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.76 annualized dividend and a dividend yield of 2.93%. Juniper Networks’s dividend payout ratio is presently 55.88%.

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Juniper Networks Company Profile

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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