Juniper Networks, Inc. (NYSE:JNPR) Shares Bought by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co raised its position in Juniper Networks, Inc. (NYSE:JNPR) by 1.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,764 shares of the network equipment provider’s stock after acquiring an additional 500 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Juniper Networks were worth $1,085,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC boosted its stake in Juniper Networks by 2,069.4% in the second quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider’s stock valued at $28,000 after acquiring an additional 745 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Juniper Networks during the second quarter worth $31,000. Johnson Financial Group Inc. acquired a new stake in shares of Juniper Networks during the fourth quarter worth $35,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Juniper Networks during the second quarter worth $36,000. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of Juniper Networks during the first quarter worth $43,000. 91.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on JNPR shares. Barclays lowered their price objective on shares of Juniper Networks from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. StockNews.com started coverage on shares of Juniper Networks in a research note on Monday, September 16th. They set a “hold” rating for the company. Argus upgraded shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Tuesday, June 18th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Juniper Networks in a research note on Friday, July 26th. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $36.25.

Juniper Networks Trading Down 0.2 %

Shares of Juniper Networks stock opened at $38.90 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.23. The firm has a fifty day moving average price of $38.29 and a 200 day moving average price of $36.76. Juniper Networks, Inc. has a 1 year low of $24.87 and a 1 year high of $39.13. The stock has a market cap of $12.64 billion, a PE ratio of 56.38, a price-to-earnings-growth ratio of 11.18 and a beta of 0.93.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings data on Thursday, July 25th. The network equipment provider reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.13). Juniper Networks had a net margin of 4.58% and a return on equity of 8.02%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the firm posted $0.42 EPS. The firm’s quarterly revenue was down 16.8% on a year-over-year basis. Equities research analysts predict that Juniper Networks, Inc. will post 0.97 earnings per share for the current year.

Juniper Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 2nd will be issued a $0.22 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.88 dividend on an annualized basis and a yield of 2.26%. Juniper Networks’s payout ratio is 127.54%.

Insider Buying and Selling at Juniper Networks

In other Juniper Networks news, CFO Kenneth Bradley Miller sold 40,000 shares of Juniper Networks stock in a transaction on Monday, July 1st. The shares were sold at an average price of $36.50, for a total value of $1,460,000.00. Following the completion of the transaction, the chief financial officer now owns 124,776 shares of the company’s stock, valued at $4,554,324. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders sold 108,669 shares of company stock valued at $3,947,279. Corporate insiders own 1.28% of the company’s stock.

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.