Truist Financial Corp Sells 2,669 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Truist Financial Corp lowered its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 20.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,366 shares of the network equipment provider’s stock after selling 2,669 shares during the quarter. Truist Financial Corp’s holdings in Juniper Networks were worth $378,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in JNPR. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Juniper Networks by 2,772.3% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 457,074 shares of the network equipment provider’s stock valued at $16,939,000 after acquiring an additional 441,161 shares during the period. Gamco Investors INC. ET AL bought a new stake in shares of Juniper Networks in the first quarter valued at approximately $4,945,000. Blair William & Co. IL bought a new stake in shares of Juniper Networks in the first quarter valued at approximately $587,000. Zurich Insurance Group Ltd FI bought a new stake in shares of Juniper Networks in the first quarter valued at approximately $1,364,000. Finally, M&G Plc bought a new stake in shares of Juniper Networks in the second quarter valued at approximately $657,000. Institutional investors own 91.95% of the company’s stock.

Juniper Networks Stock Performance

Juniper Networks stock opened at $39.22 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 stock has a fifty day moving average price of $38.81 and a two-hundred day moving average price of $37.02. Juniper Networks, Inc. has a 52-week low of $24.87 and a 52-week high of $39.79. The firm has a market capitalization of $12.75 billion, a P/E ratio of 56.84, a P/E/G ratio of 11.26 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 (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.13). Juniper Networks had a return on equity of 8.02% and a net margin of 4.58%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the company earned $0.42 earnings per share. The business’s revenue was down 16.8% compared to the same quarter last year. As a group, analysts anticipate that Juniper Networks, Inc. will post 0.97 EPS for the current fiscal year.

Juniper Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 2nd were paid a dividend of $0.22 per share. The ex-dividend date was Friday, August 30th. This represents a $0.88 annualized dividend and a yield of 2.24%. Juniper Networks’s dividend payout ratio is currently 127.54%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on JNPR. StockNews.com began coverage on Juniper Networks in a research report on Monday, September 16th. They issued a “hold” rating for the company. Barclays reduced their price objective on Juniper Networks from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday, July 26th. Citigroup reaffirmed a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a research report on Monday, September 23rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Juniper Networks in a research report on Friday, July 26th. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Juniper Networks has an average rating of “Hold” and a consensus target price of $37.63.

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.