Federated Hermes Inc. Buys 762 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Federated Hermes Inc. raised its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 4.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,591 shares of the network equipment provider’s stock after acquiring an additional 762 shares during the period. Federated Hermes Inc.’s holdings in Juniper Networks were worth $605,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. AGF Management Ltd. boosted its holdings in Juniper Networks by 10.7% during the 2nd quarter. AGF Management Ltd. now owns 67,915 shares of the network equipment provider’s stock valued at $2,476,000 after acquiring an additional 6,550 shares during the period. Daiwa Securities Group Inc. grew its holdings in shares of Juniper Networks by 7.9% in the second quarter. Daiwa Securities Group Inc. now owns 33,965 shares of the network equipment provider’s stock worth $1,238,000 after purchasing an additional 2,477 shares during the last quarter. Andra AP fonden increased its stake in Juniper Networks by 134.3% in the 2nd quarter. Andra AP fonden now owns 118,300 shares of the network equipment provider’s stock worth $4,313,000 after buying an additional 67,800 shares during the period. Longfellow Investment Management Co. LLC bought a new stake in Juniper Networks during the 2nd quarter valued at about $36,000. Finally, Choreo LLC bought a new stake in Juniper Networks during the 2nd quarter valued at about $1,136,000. Hedge funds and other institutional investors own 91.95% of the company’s stock.

Juniper Networks Trading Down 0.1 %

NYSE JNPR opened at $38.87 on Tuesday. The company has a 50 day moving average price of $38.36 and a 200 day moving average price of $36.77. The company has a quick ratio of 1.23, a current ratio of 1.69 and a debt-to-equity ratio of 0.36. Juniper Networks, Inc. has a 52 week low of $24.87 and a 52 week high of $39.13. The firm has a market cap of $12.63 billion, a PE ratio of 56.33, a price-to-earnings-growth ratio of 11.18 and a beta of 0.93.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings results on Thursday, July 25th. The network equipment provider reported $0.31 earnings per share (EPS) 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 company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the company posted $0.42 EPS. The company’s revenue for the quarter was down 16.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Juniper Networks, Inc. will post 0.97 EPS for the current fiscal year.

Juniper Networks Announces Dividend

The firm 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. This represents a $0.88 annualized dividend and a yield of 2.26%. The ex-dividend date was Friday, August 30th. Juniper Networks’s payout ratio is 127.54%.

Analyst Ratings Changes

A number of brokerages have recently commented on JNPR. Citigroup reaffirmed a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a research report on Monday. Argus raised Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Tuesday, June 18th. Barclays dropped their price target on Juniper Networks from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, July 26th. Needham & Company LLC restated a “hold” rating on shares of Juniper Networks in a report on Friday, July 26th. Finally, StockNews.com started coverage on shares of Juniper Networks in a report on Monday, September 16th. They set a “hold” rating on the stock. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Juniper Networks currently has an average rating of “Hold” and an average target price of $36.67.

Insider Buying and Selling at Juniper Networks

In other news, CFO Kenneth Bradley Miller sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $36.50, for a total transaction of $1,460,000.00. Following the sale, the chief financial officer now owns 124,776 shares of the company’s stock, valued at approximately $4,554,324. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have sold 108,669 shares of company stock valued at $3,947,279. 1.28% of the stock is owned by insiders.

Juniper Networks 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.