California State Teachers Retirement System trimmed its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 7.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 663,088 shares of the network equipment provider’s stock after selling 49,705 shares during the period. California State Teachers Retirement System owned approximately 0.18% of Juniper Networks worth $18,454,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stifel Financial Corp grew its stake in shares of Juniper Networks by 9.1% in the 2nd quarter. Stifel Financial Corp now owns 124,872 shares of the network equipment provider’s stock valued at $3,480,000 after purchasing an additional 10,465 shares during the period. Regentatlantic Capital LLC grew its stake in shares of Juniper Networks by 144.0% in the 3rd quarter. Regentatlantic Capital LLC now owns 27,584 shares of the network equipment provider’s stock valued at $768,000 after purchasing an additional 16,280 shares during the period. Profund Advisors LLC grew its stake in shares of Juniper Networks by 19.4% in the 2nd quarter. Profund Advisors LLC now owns 99,561 shares of the network equipment provider’s stock valued at $2,776,000 after purchasing an additional 16,194 shares during the period. Riverhead Capital Management LLC grew its stake in shares of Juniper Networks by 3.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 261,216 shares of the network equipment provider’s stock valued at $7,283,000 after purchasing an additional 7,854 shares during the period. Finally, Candriam Luxembourg S.C.A. grew its stake in shares of Juniper Networks by 23.9% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 1,135,469 shares of the network equipment provider’s stock valued at $31,600,000 after purchasing an additional 219,275 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Juniper Networks, Inc. (JNPR) opened at $28.50 on Thursday. Juniper Networks, Inc. has a 1-year low of $23.87 and a 1-year high of $30.96. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $10,662.96, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 2.64 and a beta of 1.10.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.03). Juniper Networks had a return on equity of 13.81% and a net margin of 12.77%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the company posted $0.58 EPS. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. equities analysts expect that Juniper Networks, Inc. will post 1.7 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, November 30th. Juniper Networks’s dividend payout ratio is 23.26%.

Several equities research analysts have recently weighed in on JNPR shares. Raymond James Financial set a $31.00 price objective on Juniper Networks and gave the company a “buy” rating in a research note on Thursday, December 7th. BidaskClub upgraded Juniper Networks from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Zacks Investment Research lowered Juniper Networks from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Bank of America lowered Juniper Networks from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $35.00 to $31.00 in a research report on Wednesday, October 11th. Finally, Nomura lowered Juniper Networks from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $33.00 to $27.00 in a research report on Thursday, October 12th. Five research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Juniper Networks presently has a consensus rating of “Hold” and a consensus price target of $29.04.

In other Juniper Networks news, CEO Rami Rahim sold 5,400 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $26.35, for a total transaction of $142,290.00. Following the transaction, the chief executive officer now owns 469,607 shares of the company’s stock, valued at approximately $12,374,144.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Rahul N. Merchant purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was bought at an average cost of $24.48 per share, for a total transaction of $48,960.00. Following the purchase, the director now owns 22,543 shares in the company, valued at $551,852.64. The disclosure for this purchase can be found here. 2.60% of the stock is currently owned by corporate insiders.

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About Juniper Networks

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 over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa, and Asia Pacific.

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

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