First Hawaiian Bank Has $1.62 Million Position in Juniper Networks, Inc. (NYSE:JNPR)

First Hawaiian Bank lessened its stake in Juniper Networks, Inc. (NYSE:JNPR) by 2.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Juniper Networks by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 41,126,775 shares of the network equipment provider’s stock valued at $1,212,417,000 after acquiring an additional 137,652 shares in the last quarter. First Trust Advisors LP raised its holdings in Juniper Networks by 3.9% during the 4th quarter. First Trust Advisors LP now owns 13,230,251 shares of the network equipment provider’s stock worth $390,028,000 after purchasing an additional 495,037 shares during the last quarter. Norges Bank bought a new position in Juniper Networks during the 4th quarter worth approximately $136,778,000. Goldman Sachs Group Inc. increased its stake in shares of 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Juniper Networks by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,821,292 shares of the network equipment provider’s stock valued at $83,172,000 after acquiring an additional 54,735 shares in the last quarter. Institutional investors and hedge funds own 91.95% of the company’s stock.

Analysts Set New Price Targets

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

Juniper Networks Stock Down 0.5 %

Juniper Networks stock traded down $0.19 during midday trading on Monday, reaching $38.01. The company’s stock had a trading volume of 3,428,753 shares, compared to its average volume of 3,709,998. Juniper Networks, Inc. has a 52-week low of $24.87 and a 52-week high of $38.29. The stock has a market capitalization of $12.51 billion, a P/E ratio of 55.09, a PEG ratio of 10.58 and a beta of 0.95. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.23. The stock’s 50-day simple moving average is $36.31 and its 200-day simple moving average is $36.37.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data on Thursday, July 25th. The network equipment provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.13). Juniper Networks had a net margin of 4.58% and a return on equity of 8.02%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the business posted $0.42 earnings per share. The firm’s revenue for the quarter was down 16.8% on a year-over-year basis. On average, sell-side analysts expect that Juniper Networks, Inc. will post 1 EPS for the current year.

Juniper Networks Dividend Announcement

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

Insider Activity

In other Juniper Networks news, CFO Kenneth Bradley Miller sold 28,669 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was 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 approximately $2,049,588.71. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Juniper Networks news, CFO Kenneth Bradley Miller sold 28,669 shares of the stock in a transaction on Wednesday, July 3rd. The stock was 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 approximately $2,049,588.71. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Rami Rahim sold 5,555 shares of the 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 transaction, the chief executive officer now directly owns 970,099 shares in the company, valued at approximately $34,428,813.51. The disclosure for this sale can be found here. In the last three months, insiders sold 134,779 shares of company stock valued at $4,856,845. Insiders own 1.28% of the company’s stock.

About Juniper Networks

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.