Aston Asset Management Lowers stake in Juniper Networks (JNPR)

Juniper Networks (JNPR) : Aston Asset Management reduced its stake in Juniper Networks by 2.28% during the most recent quarter end. The investment management company now holds a total of 109,421 shares of Juniper Networks which is valued at $2,546,227 after selling 2,549 shares in Juniper Networks , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Juniper Networks makes up approximately 1.48% of Aston Asset Management’s portfolio.

Other Hedge Funds, Including , Canada Pension Plan Investment Board boosted its stake in JNPR in the latest quarter, The investment management firm added 130,530 additional shares and now holds a total of 1,456,692 shares of Juniper Networks which is valued at $33,897,223. Juniper Networks makes up approx 0.13% of Canada Pension Plan Investment Board’s portfolio.Simmons Bank reduced its stake in JNPR by selling 1,600 shares or 9.45% in the most recent quarter. The Hedge Fund company now holds 15,340 shares of JNPR which is valued at $346,684. Juniper Networks makes up approx 0.04% of Simmons Bank’s portfolio.Bbva Compass Bancshares Inc boosted its stake in JNPR in the latest quarter, The investment management firm added 27,850 additional shares and now holds a total of 53,682 shares of Juniper Networks which is valued at $1,218,045. Juniper Networks makes up approx 0.09% of Bbva Compass Bancshares Inc’s portfolio. Herndon Capital Management added JNPR to its portfolio by purchasing 33 company shares during the most recent quarter which is valued at $749.

Juniper Networks opened for trading at $23.45 and hit $23.68 on the upside on Tuesday, eventually ending the session at $23.45, with a gain of 0.77% or 0.18 points. The heightened volatility saw the trading volume jump to 32,34,265 shares. Company has a market cap of $8,980 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 Company’s routing products include ACX Series MX Series M Series PTX Series and T Series. Its switching products include EX Series and QFX Series. The Company’s 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.

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