Juniper Networks, Inc. (NYSE:JNPR) shares sold by ProShare Advisors LLC

ProShare Advisors LLC cut its position in Juniper Networks, Inc. (NYSE:JNPR – Free Report) by 29.9% in the 1st quarter, according to the company’s most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,171 shares of the networking equipment provider after selling 26,563 shares during the quarter. ProShare Advisors LLC’s holdings in Juniper Networks were worth $2,304,000 at the time of its most recent SEC filing.

A number of other institutional investors also made changes to their positions in JNPR. Hartford Financial Management Inc. increased its holdings in Juniper Networks by 51.3% in the fourth quarter. Hartford Financial Management Inc. now owns 973 shares of the networking equipment provider’s stock worth $29,000 after purchasing an additional 330 shares in the last quarter. Blue Trust Inc. increased its position in shares of Juniper Networks by 34.4% in the fourth quarter. Blue Trust Inc. now owns 1,439 shares of the networking equipment provider’s stock worth $40,000 after purchasing an additional 368 shares during the period. Hohimer Wealth Management LLC increased its holdings in shares of Juniper Networks by 3.0% in the fourth quarter. Hohimer Wealth Management LLC now owns 12,576 shares of the networking equipment provider’s stock worth $371,000 after purchasing an additional 370 shares in the last quarter. IFM Investors Pty Ltd increased its position in Juniper Networks by 0.5% in the first quarter. IFM Investors Pty Ltd now owns 73,686 shares of the networking equipment provider worth $2,731,000 after purchasing an additional 397 shares during the period. Finally, Linden Thomas Advisory Services LLC increased its stake in Juniper Networks by 1.7% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 27,413 shares of the networking equipment provider worth $808,000 after purchasing an additional 456 shares in the last quarter. 91.95% of the shares are currently held by institutional investors.

Insiders place their bets

In related news, CFO Kenneth Bradley Miller sold 28,669 shares of Juniper Networks stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $36.53, for a total value of $1,047,278.57. Following the transaction, the chief financial officer now owns 56,107 shares in the company, valued at approximately $2,049,588.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed at this hyperlink. In related news, CFO Kenneth Bradley Miller sold 28,669 shares of the 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 owns 56,107 shares in the company, valued at approximately $2,049,588.71. The sale was disclosed in a filing with the SEC, available on the SEC website. Also, CEO Rami Rahim sold 5,555 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $34.83, for a total value of $193,480.65. Following the completion of the sale, the chief executive officer now directly owns 997,874 shares of the company’s stock, valued at approximately $34,755,951.42. The disclosure for this sale can be found here. Insiders sold 145,889 shares of the company’s stock worth $5,243,973 in the last ninety days. Corporate insiders own 1.28% of the company’s stock.

Juniper Networks is trading 0.1% lower

Juniper Networks shares opened at $37.29 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.74 and a debt-to-equity ratio of 0.36. Juniper Networks, Inc. has a 12-month low of $24.87 and a 12-month high of $38.04. The company’s 50-day simple moving average is $35.72 and its 200-day simple moving average is $36.11. The stock has a market cap of $12.12 billion, a price/earnings ratio of 54.04, a price/earnings/growth ratio of 9.72 and a beta of 0.95.

Juniper Networks (NYSE:JNPR – Get Free Report) last released its earnings results on Thursday, April 25. The networking equipment provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). Juniper Networks had a net margin of 4.19% and a return on equity of 10.02%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.23 billion. As a group, sell-side analysts predict that Juniper Networks, Inc. will post 1.08 EPS for the current fiscal year.

Juniper Networks Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 3rd were paid a dividend of $0.22. The ex-dividend date was Monday, June 3rd. This represents an annualized dividend of $0.88 and a yield of 2.36%. Juniper Networks’ dividend payout ratio is currently 127.54%.

Changes in analyst ratings

Several research firms have recently commented on JNPR. Barclays raised their price target on shares of Juniper Networks from $40.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Argus raised shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Tuesday, June 18th. Needham & Company LLC reiterated a “hold” rating on shares of Juniper Networks in a research note on Friday, April 26th. Finally, StockNews.com initiated coverage on Juniper Networks in a report on Sunday, July 14th. They issued a “hold” rating to the company. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Juniper Networks currently has an average rating of “Hold” and a consensus price target of $35.00.

Check out our latest report on JNPR

Juniper Networks Company Profile

(Free Report)

Juniper Networks, Inc. designs, develops, and sells networking products and services worldwide. The company offers routing products such as ACX series universal access routers to implement 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.