Allspring Global Investments Holdings LLC Reduces Position in Juniper Networks, Inc. (NYSE:JNPR)

Allspring Global Investments Holdings LLC reduced its stake in Juniper Networks, Inc. (NYSE:JNPR – Free Report) by 97.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The company owned 16,093 shares of the networking equipment provider after selling 648,820 shares during the period. Allspring Global Investments Holdings LLC’s stake in Juniper Networks was worth $596,000, according to its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in JNPR. GAMMA Investing LLC purchased a new position in Juniper Networks during the 4th quarter worth approximately $28,000. Hartford Financial Management Inc. increased its position in Juniper Networks by 51.3% during the 4th quarter. Hartford Financial Management Inc. now owns 973 shares of the networking equipment provider’s stock worth $29,000 after purchasing an additional 330 shares during the period. Johnson Financial Group Inc. purchased a new position in Juniper Networks during the 4th quarter worth approximately $35,000. Blue Trust Inc. increased its position in Juniper Networks by 34.4% during the 4th quarter. Blue Trust Inc. now owns 1,439 shares of the networking equipment provider’s stock worth $40,000 after purchasing an additional 368 shares during the period. Finally, Atlas Capital Advisors LLC bought a new position in Juniper Networks during the first quarter worth approximately $55,000. Hedge funds and other institutional investors own 91.95% of the company’s shares.

Juniper Networks shares down 0.0%

NYSE:JNPR opened at $36.92 on Wednesday. The company has a market cap of $12.00 billion, a price/earnings ratio of 53.51, a price/earnings/growth ratio of 9.57, and a beta of 0.95. Juniper Networks, Inc. has a 12-month low of $24.87 and a 12-month high of $38.04. The company has a current ratio of 1.74, a quick ratio of 1.27, and a debt-to-equity ratio of 0.36. The company’s 50-day moving average is $35.32 and its 200-day moving average is $35.77.

Juniper Networks (NYSE:JNPR – Get Free Report) last released its earnings results on Thursday, April 25. The networking equipment provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.09). The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Juniper Networks had a return on equity of 10.02% and a net margin of 4.19%. Analysts expect Juniper Networks, Inc. to post 1.08 EPS for the current year.

Juniper Networks Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 3rd were given a dividend of $0.22. This represents an annualized dividend of $0.88 and a dividend yield of 2.38%. The ex-dividend date was Monday, June 3rd. Juniper Networks’ dividend payout ratio (DPR) currently stands at 127.54%.

Insider activity

In other news, CFO Kenneth Bradley Miller sold 40,000 shares of the company’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $36.00, for a total value of $1,440,000.00. Following the sale, the chief financial officer now directly owns 29,435 shares of the company’s stock, valued at approximately $1,059,660. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed at this hyperlink. In related news, CEO Rami Rahim sold 5,555 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $34.83, for a total value of $193,480.65. Following the completion of the transaction, the chief executive officer now directly owns 997,874 shares of the company’s stock, valued at approximately $34,755,951.42. The transaction was disclosed in a document filed with the SEC, which is available on the SEC website. Also, CFO Kenneth Bradley Miller sold 40,000 shares of the company’s stock in a transaction on Thursday, June 27. The shares were sold at an average price of $36.00, for a total transaction of $1,440,000.00. Following the completion of the transaction, the chief financial officer now owns 29,435 shares of the company’s stock, valued at $1,059,660. The disclosure for this sale can be found here. Insiders have sold 145,889 shares of the company’s stock in the last ninety days, valued at $5,243,973. Insiders own 1.28% of the company’s stock.

Wall Street analysts predict growth

A number of research analysts have commented on the stock. Barclays raised their price target on shares of Juniper Networks from $40.00 to $41.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. StockNews.com initiated coverage on shares of Juniper Networks in a report on Saturday. They gave the stock a “hold” rating. Argus raised shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Tuesday, June 18th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Juniper Networks in a report on Friday, April 26th. Eleven research analysts have rated the stock with a hold rating and three have given it a buy rating. Based on data from MarketBeat, the firm currently has an average rating of “Hold” and a consensus price target of $35.00.

Read our latest analysis on Juniper Networks

About Juniper Networks

(Free Report)

Juniper Networks, Inc. designs, develops, and sells networking products and services worldwide. The company offers routing products such as ACX series universal access routers to implement 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.

Juniper Networks shares down 0.0%

Juniper Networks Dividend Announcement

Insider activity

Wall Street analysts predict growth

About Juniper Networks

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