First Hawaiian Bank Sells 1,000 Shares of Juniper Networks, Inc. (NYSE:JNPR)

First Hawaiian Bank cut its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 2.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,500 shares of the network equipment provider’s stock after selling 1,000 shares during the quarter. First Hawaiian Bank’s holdings in Juniper Networks were worth $1,622,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Juniper Networks by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 41,126,775 shares of the network equipment provider’s stock valued at $1,212,417,000 after buying an additional 137,652 shares during the last quarter. First Trust Advisors LP lifted its stake in Juniper Networks by 3.9% in the 4th quarter. First Trust Advisors LP now owns 13,230,251 shares of the network equipment provider’s stock valued at $390,028,000 after purchasing an additional 495,037 shares during the last quarter. Norges Bank acquired a new position in Juniper Networks in the 4th quarter valued at approximately $136,778,000. Goldman Sachs Group Inc. increased its position in Juniper Networks by 6.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,646,833 shares of the network equipment provider’s stock valued at $107,509,000 after acquiring an additional 219,410 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Juniper Networks by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,821,292 shares of the network equipment provider’s stock worth $83,172,000 after buying an additional 54,735 shares during the period. 91.95% of the stock is owned by institutional investors.

Juniper Networks Trading Down 0.5 %

JNPR traded down $0.19 during trading on Monday, hitting $38.01. 3,428,753 shares of the stock traded hands, compared to its average volume of 3,709,998. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.23. Juniper Networks, Inc. has a 12-month low of $24.87 and a 12-month high of $38.29. The firm has a market capitalization of $12.51 billion, a P/E ratio of 55.09, a price-to-earnings-growth ratio of 10.58 and a beta of 0.95. The firm has a 50-day moving average of $36.31 and a 200 day moving average of $36.37.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings data 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 firm had revenue of $1.19 billion for 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 firm’s revenue for the quarter was down 16.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.42 earnings per share. Equities research analysts anticipate that Juniper Networks, Inc. will post 1 EPS for the current year.

Juniper Networks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 2nd will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Friday, August 30th. Juniper Networks’s payout ratio is 127.54%.

Insiders Place Their Bets

In other 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 transaction of $1,047,278.57. Following the sale, the chief financial officer now owns 56,107 shares in the company, valued at $2,049,588.71. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Kenneth Bradley Miller sold 28,669 shares of the business’s stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rami Rahim sold 5,555 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $35.49, for a total transaction of $197,146.95. Following the completion of 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. In the last 90 days, insiders have sold 134,779 shares of company stock worth $4,856,845. Company insiders own 1.28% of the company’s stock.

Analysts Set New Price Targets

JNPR has been the subject of a number of research reports. Barclays reduced their price target on shares of Juniper Networks from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, July 26th. Needham & Company LLC restated a “hold” rating on shares of Juniper Networks in a report on Friday, July 26th. StockNews.com began coverage on shares of Juniper Networks in a research note on Tuesday, July 30th. They issued a “hold” rating for the company. Finally, Argus upgraded shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Tuesday, June 18th. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $36.25.

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.