Teacher Retirement System of Texas increased its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 110.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 560,456 shares of the network equipment provider’s stock after acquiring an additional 294,504 shares during the period. Teacher Retirement System of Texas owned approximately 0.16% of Juniper Networks worth $15,368,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of JNPR. First Trust Advisors LP raised its holdings in Juniper Networks by 9.3% in the second quarter. First Trust Advisors LP now owns 11,010,606 shares of the network equipment provider’s stock worth $301,911,000 after buying an additional 937,658 shares during the last quarter. FIL Ltd raised its holdings in Juniper Networks by 4.6% in the first quarter. FIL Ltd now owns 9,527,270 shares of the network equipment provider’s stock worth $231,799,000 after buying an additional 417,542 shares during the last quarter. LSV Asset Management raised its holdings in Juniper Networks by 9.8% in the first quarter. LSV Asset Management now owns 7,471,343 shares of the network equipment provider’s stock worth $181,777,000 after buying an additional 667,100 shares during the last quarter. Guggenheim Capital LLC raised its holdings in Juniper Networks by 14.7% in the first quarter. Guggenheim Capital LLC now owns 2,586,091 shares of the network equipment provider’s stock worth $62,920,000 after buying an additional 332,390 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in Juniper Networks by 32.1% in the first quarter. Legal & General Group Plc now owns 2,516,177 shares of the network equipment provider’s stock worth $61,203,000 after buying an additional 611,723 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

In other Juniper Networks news, CEO Rami Rahim sold 5,300 shares of the stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $26.40, for a total transaction of $139,920.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Vincent Molinaro sold 6,243 shares of the stock in a transaction on Monday, May 21st. The shares were sold at an average price of $27.00, for a total transaction of $168,561.00. Following the transaction, the executive vice president now owns 28,417 shares of the company’s stock, valued at approximately $767,259. The disclosure for this sale can be found here. Insiders have sold 27,543 shares of company stock valued at $734,721 in the last quarter. 1.40% of the stock is owned by company insiders.

Shares of NYSE:JNPR opened at $27.30 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.27 and a quick ratio of 2.27. Juniper Networks, Inc. has a fifty-two week low of $23.61 and a fifty-two week high of $29.95. The firm has a market cap of $9.27 billion, a P/E ratio of 15.78, a P/E/G ratio of 3.90 and a beta of 0.93.

Juniper Networks (NYSE:JNPR) last issued its earnings results on Thursday, July 26th. The network equipment provider reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.04. Juniper Networks had a net margin of 3.70% and a return on equity of 10.83%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the business earned $0.57 earnings per share. Juniper Networks’s revenue for the quarter was down 8.0% on a year-over-year basis. research analysts anticipate that Juniper Networks, Inc. will post 1.21 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 25th. Investors of record on Tuesday, September 4th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, August 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.64%. Juniper Networks’s dividend payout ratio is 41.62%.

Several research analysts have issued reports on JNPR shares. Zacks Investment Research raised shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Tuesday, July 31st. OTR Global raised shares of Juniper Networks to a “neutral” rating in a report on Wednesday, July 11th. Bank of America raised shares of Juniper Networks from a “neutral” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Wednesday, May 2nd. BMO Capital Markets cut shares of Juniper Networks from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $30.00 to $27.00 in a report on Friday, July 27th. Finally, Deutsche Bank raised shares of Juniper Networks from a “hold” rating to a “buy” rating and boosted their price objective for the company from $25.00 to $32.00 in a report on Monday, July 30th. Seven research analysts have rated the stock with a sell rating, nineteen have given a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $27.10.

Juniper Networks Company Profile

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.

See Also: Short Selling

Institutional Ownership by Quarter for Juniper Networks (NYSE:JNPR)

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