Tidal Investments LLC Has $1.94 Million Stake in Juniper Networks, Inc. (NYSE:JNPR)

Tidal Investments LLC increased its position in Juniper Networks, Inc. (NYSE:JNPR) by 31.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 52,338 shares of the network equipment provider’s stock after purchasing an additional 12,489 shares during the period. Tidal Investments LLC’s holdings in Juniper Networks were worth $1,940,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JNPR. GAMMA Investing LLC acquired a new stake in shares of Juniper Networks during the 4th quarter valued at $28,000. Hartford Financial Management Inc. boosted its stake in shares of Juniper Networks by 51.3% during the 4th quarter. Hartford Financial Management Inc. now owns 973 shares of the network equipment provider’s stock valued at $29,000 after buying an additional 330 shares during the period. Fidelis Capital Partners LLC acquired a new stake in shares of Juniper Networks during the 1st quarter valued at $43,000. Johnson Financial Group Inc. acquired a new stake in shares of Juniper Networks during the 4th quarter valued at $35,000. Finally, Blue Trust Inc. boosted its stake in shares of Juniper Networks by 34.4% during the 4th quarter. Blue Trust Inc. now owns 1,439 shares of the network equipment provider’s stock valued at $40,000 after buying an additional 368 shares during the period. Institutional investors and hedge funds own 91.95% of the company’s stock.

Juniper Networks Price Performance

NYSE JNPR traded up $0.09 on Friday, reaching $37.95. The company’s stock had a trading volume of 344,608 shares, compared to its average volume of 3,688,181. The firm has a market cap of $12.49 billion, a PE ratio of 54.87, a price-to-earnings-growth ratio of 10.53 and a beta of 0.95. The business has a 50-day moving average price of $36.24 and a 200 day moving average price of $36.38. Juniper Networks, Inc. has a 52 week low of $24.87 and a 52 week high of $38.06. The company has a current ratio of 1.69, a quick ratio of 1.23 and a debt-to-equity ratio of 0.36.

Juniper Networks (NYSE:JNPR) last posted its 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 business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.25 billion. Juniper Networks had a net margin of 4.58% and a return on equity of 8.02%. The business’s revenue was down 16.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 EPS. Sell-side analysts expect that Juniper Networks, Inc. will post 1 EPS for the current year.

Juniper Networks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 2nd will be given 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 2.32%. Juniper Networks’s dividend payout ratio (DPR) is presently 127.54%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. 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 research note on Tuesday, June 18th. Barclays reduced 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. Needham & Company LLC reaffirmed a “hold” rating on shares of Juniper Networks in a research note on Friday, July 26th. Finally, StockNews.com assumed coverage on shares of Juniper Networks in a research note on Tuesday. They issued a “hold” rating for the company. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $36.25.

Insider Buying and Selling at Juniper Networks

In other news, CFO Kenneth Bradley Miller sold 28,669 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $36.53, for a total transaction of $1,047,278.57. Following the transaction, the chief financial officer now directly owns 56,107 shares in the company, valued at $2,049,588.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Kenneth Bradley Miller sold 28,669 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $36.53, for a total transaction of $1,047,278.57. Following the completion of the sale, the chief financial officer now directly owns 56,107 shares of the company’s stock, valued at $2,049,588.71. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Rami Rahim sold 5,555 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $35.49, for a total transaction of $197,146.95. Following the sale, the chief executive officer now directly owns 970,099 shares of the company’s stock, valued at $34,428,813.51. The disclosure for this sale can be found here. Insiders have sold a total of 134,779 shares of company stock worth $4,856,845 over the last ninety days. Corporate insiders own 1.28% of the company’s stock.

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.