Juniper Networks (JNPR) : Ao Asset Management has sold out all of its stake in Juniper Networks during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 453,000 shares of Juniper Networks which is valued at $10,237,800.
Other Hedge Funds, Including , Utah Retirement Systems reduced its stake in JNPR by selling 2,700 shares or 3.81% in the most recent quarter. The Hedge Fund company now holds 68,185 shares of JNPR which is valued at $1,540,981. Juniper Networks makes up approx 0.04% of Utah Retirement Systems’s portfolio. Dupont Capital Management Corp sold out all of its stake in JNPR during the most recent quarter. The investment firm sold 55,810 shares of JNPR which is valued $1,261,306.New York State Teachers Retirement System boosted its stake in JNPR in the latest quarter, The investment management firm added 16,716 additional shares and now holds a total of 654,310 shares of Juniper Networks which is valued at $15,552,949. Juniper Networks makes up approx 0.04% of New York State Teachers Retirement System’s portfolio.Gateway Investment Advisers reduced its stake in JNPR by selling 379 shares or 1.49% in the most recent quarter. The Hedge Fund company now holds 25,054 shares of JNPR which is valued at $577,495.
Juniper Networks opened for trading at $23.07 and hit $23.25 on the upside on Monday, eventually ending the session at $23.19, with a gain of 0.61% or 0.14 points. The heightened volatility saw the trading volume jump to 27,48,633 shares. Company has a market cap of $8,881 M.
On the company’s financial health, Juniper Networks reported $0.37 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.38. The company had revenue of $1098.00 million for the quarter, compared to analysts expectations of $1112.71 million. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.
Investors should note that on Jul 26, 2016, Juniper Networks announced a cash dividend of $0.1000. The company’s management has announced Aug 30, 2016 as the ex-dividend date and fixed the record date on Sep 1, 2016. The payable date has been fixed on Sep 22, 2016.
Many Wall Street Analysts have commented on Juniper Networks. Shares were Downgraded by Deutsche Bank on Jul 6, 2016 to ” Hold” and Lowered the Price Target to $ 22 from a previous price target of $30 .
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 more than 100 countries in three geographic regions: Americas; Europe Middle East and Africa (EMEA) and Asia Pacific (APAC). The Company sells its network products and service offerings across routing switching and security. In addition to its products the Company offers its customers worldwide services including technical support professional services education and training programs. The Companys routing products include ACX Series MX Series M Series PTX Series and T Series. Its switching products include EX Series and QFX Series. The Companys security products include SRX Series Services Gateways for the data center and SRX Series Gateways for the campus and branch. Its Junos Platform includes a range of products such as Junos OS Junos Space and Contrail.