Trilogy Global Advisors Lp Lowers stake in Juniper Networks (JNPR)

Juniper Networks (JNPR) : Trilogy Global Advisors Lp reduced its stake in Juniper Networks by 0.14% during the most recent quarter end. The investment management company now holds a total of 2,435,548 shares of Juniper Networks which is valued at $56,480,358 after selling 3,534 shares in Juniper Networks , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Juniper Networks makes up approximately 1.65% of Trilogy Global Advisors Lp’s portfolio.

Other Hedge Funds, Including , Nine Chapters Capital Management sold out all of its stake in JNPR during the most recent quarter. The investment firm sold 16,000 shares of JNPR which is valued $371,040.Cibc Asset Management Inc boosted its stake in JNPR in the latest quarter, The investment management firm added 1,085 additional shares and now holds a total of 45,614 shares of Juniper Networks which is valued at $1,030,876. Juniper Networks makes up approx 0.01% of Cibc Asset Management Inc’s portfolio.Todd Asset Management boosted its stake in JNPR in the latest quarter, The investment management firm added 158,729 additional shares and now holds a total of 539,931 shares of Juniper Networks which is valued at $12,202,441. Juniper Networks makes up approx 0.38% of Todd Asset Management’s portfolio. Gavekal Capital sold out all of its stake in JNPR during the most recent quarter. The investment firm sold 258,548 shares of JNPR which is valued $6,145,686.

Juniper Networks closed down -0.25 points or -1.07% at $23.11 with 47,17,315 shares getting traded on Wednesday. Post opening the session at $23.36, the shares hit an intraday low of $22.95 and an intraday high of $23.44 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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