Central Pacific Bank Trust Division Sells 7,900 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Central Pacific Bank Trust Division lowered its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 65.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,200 shares of the network equipment provider’s stock after selling 7,900 shares during the period. Central Pacific Bank Trust Division’s holdings in Juniper Networks were worth $164,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Juniper Networks by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 41,126,775 shares of the network equipment provider’s stock worth $1,212,417,000 after buying an additional 137,652 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Juniper Networks by 14,314.7% during the second quarter. Pacer Advisors Inc. now owns 4,832,105 shares of the network equipment provider’s stock valued at $176,179,000 after purchasing an additional 4,798,583 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Juniper Networks by 6.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,646,833 shares of the network equipment provider’s stock valued at $107,509,000 after purchasing an additional 219,410 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Juniper Networks by 3.8% during the second quarter. Bank of New York Mellon Corp now owns 3,157,579 shares of the network equipment provider’s stock valued at $115,125,000 after purchasing an additional 114,795 shares during the last quarter. Finally, Alpine Associates Management Inc. raised its holdings in shares of Juniper Networks by 9.1% during the second quarter. Alpine Associates Management Inc. now owns 2,374,164 shares of the network equipment provider’s stock valued at $86,562,000 after purchasing an additional 197,400 shares during the last quarter. Institutional investors own 91.95% of the company’s stock.

Juniper Networks Stock Performance

JNPR opened at $38.82 on Friday. The firm has a market cap of $12.62 billion, a P/E ratio of 56.26, a PEG ratio of 11.28 and a beta of 0.93. Juniper Networks, Inc. has a 1-year low of $24.87 and a 1-year high of $39.79. The company has a 50 day simple moving average of $38.63 and a two-hundred day simple moving average of $36.89. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.23.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results 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). The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.25 billion. Juniper Networks had a return on equity of 8.02% and a net margin of 4.58%. The business’s revenue for the quarter was down 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.42 earnings per share. Equities analysts forecast that Juniper Networks, Inc. will post 0.97 earnings per share for the current fiscal year.

Juniper Networks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 2nd were given a $0.22 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.27%. Juniper Networks’s payout ratio is currently 127.54%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Barclays decreased 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 report on Friday, July 26th. Citigroup reissued a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a report on Monday, September 23rd. Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a report on Friday, July 26th. Argus raised shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Tuesday, June 18th. Finally, StockNews.com assumed coverage on shares of Juniper Networks in a research report on Monday, September 16th. They set a “hold” rating for the company. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Juniper Networks presently has a consensus rating of “Hold” and an average target price of $36.67.

Juniper Networks Company Profile

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.