Central Pacific Bank Trust Division Takes Position in Juniper Networks, Inc. (NYSE:JNPR)

Central Pacific Bank Trust Division bought a new position in Juniper Networks, Inc. (NYSE:JNPR) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 12,100 shares of the network equipment provider’s stock, valued at approximately $448,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hartford Financial Management Inc. increased its holdings in Juniper Networks by 51.3% in the 4th quarter. Hartford Financial Management Inc. now owns 973 shares of the network equipment provider’s stock worth $29,000 after acquiring an additional 330 shares in the last quarter. Blue Trust Inc. increased its holdings in Juniper Networks by 34.4% in the 4th quarter. Blue Trust Inc. now owns 1,439 shares of the network equipment provider’s stock worth $40,000 after acquiring an additional 368 shares in the last quarter. Hohimer Wealth Management LLC increased its holdings in Juniper Networks by 3.0% in the 4th quarter. Hohimer Wealth Management LLC now owns 12,576 shares of the network equipment provider’s stock worth $371,000 after acquiring an additional 370 shares in the last quarter. IFM Investors Pty Ltd increased its holdings in Juniper Networks by 0.5% in the 1st quarter. IFM Investors Pty Ltd now owns 73,686 shares of the network equipment provider’s stock worth $2,731,000 after acquiring an additional 397 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC increased its holdings in Juniper Networks by 1.7% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 27,413 shares of the network equipment provider’s stock worth $808,000 after acquiring an additional 456 shares in the last quarter. 91.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Kenneth Bradley Miller sold 15,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $34.47, for a total value of $517,050.00. Following the completion of the sale, the chief financial officer now directly owns 69,435 shares in the company, valued at $2,393,424.45. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Kenneth Bradley Miller sold 15,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $34.47, for a total value of $517,050.00. Following the completion of the sale, the chief financial officer now directly owns 69,435 shares in the company, valued at $2,393,424.45. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Rami Rahim sold 5,555 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $35.49, for a total value of $197,146.95. Following the completion of the sale, the chief executive officer now 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 sold a total of 145,889 shares of company stock worth $5,243,973 over the last three months. 1.28% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on JNPR. Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a report on Friday, April 26th. StockNews.com assumed coverage on shares of Juniper Networks in a report on Saturday. They set a “hold” rating for the company. Barclays increased their price objective on shares of Juniper Networks from $40.00 to $41.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Finally, 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 report on Tuesday, June 18th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $35.00.

Juniper Networks Price Performance

Shares of NYSE JNPR traded down $0.07 during midday trading on Wednesday, reaching $36.85. 117,333 shares of the stock traded hands, compared to its average volume of 3,857,184. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.27. The stock has a market capitalization of $11.98 billion, a PE ratio of 53.51, a P/E/G ratio of 9.62 and a beta of 0.95. Juniper Networks, Inc. has a one year low of $24.87 and a one year high of $38.04. The company’s 50 day moving average is $35.32 and its 200 day moving average is $35.77.

Juniper Networks (NYSE:JNPR) last posted its earnings results on Thursday, April 25th. The network equipment provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.23 billion. Juniper Networks had a net margin of 4.19% and a return on equity of 10.02%. On average, equities research analysts anticipate that Juniper Networks, Inc. will post 1.08 earnings per share for the current year.

Juniper Networks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 3rd were given a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.88 dividend on an annualized basis and a yield of 2.39%. Juniper Networks’s dividend payout ratio is presently 127.54%.

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.