Tredje AP fonden Has $1.83 Million Stake in Juniper Networks, Inc. (NYSE:JNPR)

Tredje AP fonden reduced its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,092 shares of the network equipment provider’s stock after selling 787 shares during the period. Tredje AP fonden’s holdings in Juniper Networks were worth $1,826,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oak Thistle LLC raised its stake in shares of Juniper Networks by 4.6% during the 2nd quarter. Oak Thistle LLC now owns 8,015 shares of the network equipment provider’s stock worth $292,000 after purchasing an additional 353 shares in the last quarter. Hohimer Wealth Management LLC increased its holdings in Juniper Networks by 3.0% during the fourth quarter. Hohimer Wealth Management LLC now owns 12,576 shares of the network equipment provider’s stock worth $371,000 after buying an additional 370 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in Juniper Networks by 1.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 27,941 shares of the network equipment provider’s stock worth $1,019,000 after acquiring an additional 400 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Juniper Networks by 8.9% in the second quarter. Harbor Capital Advisors Inc. now owns 4,903 shares of the network equipment provider’s stock valued at $179,000 after acquiring an additional 402 shares during the last quarter. Finally, Keene & Associates Inc. grew its position in shares of Juniper Networks by 3.8% in the 2nd quarter. Keene & Associates Inc. now owns 11,485 shares of the network equipment provider’s stock valued at $419,000 after acquiring an additional 425 shares during the period. 91.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Juniper Networks

In related news, CFO Kenneth Bradley Miller sold 40,000 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $36.50, for a total value of $1,460,000.00. Following the transaction, the chief financial officer now owns 124,776 shares in the company, valued at $4,554,324. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 108,669 shares of company stock valued at $3,947,279 in the last three months. Corporate insiders own 1.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on JNPR shares. Argus upgraded shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Tuesday, June 18th. StockNews.com initiated coverage on Juniper Networks in a research report on Monday, September 16th. They issued a “hold” rating for the company. Barclays reduced their target price on Juniper Networks from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. Finally, Needham & Company LLC restated a “hold” rating on shares of Juniper Networks in a research note on Friday, July 26th. Nine investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $36.25.

Juniper Networks Trading Down 0.2 %

Shares of Juniper Networks stock opened at $38.90 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.69. The firm has a 50-day moving average of $38.29 and a 200-day moving average of $36.76. Juniper Networks, Inc. has a 52-week low of $24.87 and a 52-week high of $39.13. The stock has a market cap of $12.64 billion, a PE ratio of 56.38, a PEG ratio of 11.18 and a beta of 0.93.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Thursday, July 25th. The network equipment provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.25 billion. During the same period in the prior year, the firm earned $0.42 EPS. The business’s revenue for the quarter was down 16.8% on a year-over-year basis. As a group, sell-side analysts forecast that Juniper Networks, Inc. will post 0.97 EPS for the current year.

Juniper Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 2nd will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.88 dividend on an annualized basis and a yield of 2.26%. Juniper Networks’s dividend payout ratio (DPR) is presently 127.54%.

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.