Comerica Bank Has $2.84 Million Holding in Juniper Networks, Inc. (JNPR)

Comerica Bank Has $2.84 Million Holding in Juniper Networks, Inc. (JNPR)

Comerica Bank cut its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 0.5% during the first quarter, Holdings Channel reports. The fund owned 94,621 shares of the network equipment provider’s stock after selling 485 shares during the period. Comerica Bank’s holdings in Juniper Networks were worth $2,838,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Dodge & Cox acquired a new position in Juniper Networks during the fourth quarter worth about $179,904,000. Norges Bank acquired a new position in Juniper Networks during the fourth quarter worth about $133,013,000. Alyeska Investment Group L.P. acquired a new position in Juniper Networks during the fourth quarter worth about $46,947,000. Allianz Asset Management AG boosted its position in Juniper Networks by 49.8% in the fourth quarter. Allianz Asset Management AG now owns 3,748,197 shares of the network equipment provider’s stock worth $105,924,000 after buying an additional 1,245,479 shares during the last quarter. Finally, LSV Asset Management boosted its position in Juniper Networks by 42.4% in the first quarter. LSV Asset Management now owns 4,118,318 shares of the network equipment provider’s stock worth $114,612,000 after buying an additional 1,227,063 shares during the last quarter. 85.69% of the stock is owned by hedge funds and other institutional investors.

Juniper Networks, Inc. (JNPR) traded up 2.56% during mid-day trading on Thursday, reaching $30.08. The company’s stock had a trading volume of 5,155,911 shares. The firm has a 50 day moving average price of $29.45 and a 200 day moving average price of $28.19. Juniper Networks, Inc. has a 52-week low of $21.18 and a 52-week high of $30.96. The company has a market cap of $11.49 billion, a price-to-earnings ratio of 19.03 and a beta of 1.23.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results on Tuesday, April 25th. The network equipment provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Juniper Networks had a net margin of 12.05% and a return on equity of 13.19%. Juniper Networks’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 EPS. Equities research analysts anticipate that Juniper Networks, Inc. will post $2.23 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 22nd. Investors of record on Thursday, June 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.33%. Juniper Networks’s dividend payout ratio (DPR) is presently 25.81%.

A number of research analysts have issued reports on JNPR shares. Goldman Sachs Group Inc boosted their target price on Juniper Networks from $31.00 to $36.00 and gave the company a “conviction-buy” rating in a research note on Monday, March 27th. Barclays PLC reissued an “equal weight” rating on shares of Juniper Networks in a research note on Saturday, April 22nd. Cowen and Company boosted their target price on Juniper Networks from $30.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, April 26th. Instinet reissued a “buy” rating and issued a $33.00 target price on shares of Juniper Networks in a research note on Thursday, April 6th. Finally, Standpoint Research cut Juniper Networks from a “buy” rating to a “reduce” rating in a research note on Wednesday, May 3rd. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Juniper Networks presently has a consensus rating of “Hold” and an average price target of $29.96.

In related news, VP Terrance F. Spidell sold 10,600 shares of Juniper Networks stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $29.47, for a total value of $312,382.00. Following the sale, the vice president now owns 10,600 shares of the company’s stock, valued at approximately $312,382. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Vincent Molinaro sold 13,792 shares of Juniper Networks stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $28.36, for a total transaction of $391,141.12. Following the completion of the sale, the executive vice president now directly owns 4,597 shares in the company, valued at approximately $130,370.92. The disclosure for this sale can be found here. Insiders sold a total of 188,892 shares of company stock worth $5,728,423 in the last ninety days. 3.40% of the stock is currently owned by insiders.

Juniper Networks Company Profile

Juniper Networks, Inc designs, develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa, and Asia Pacific.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “JNPR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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