Cibc World Markets Corp increased its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 28.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 53,988 shares of the network equipment provider’s stock after buying an additional 12,043 shares during the quarter. Cibc World Markets Corp’s holdings in Juniper Networks were worth $1,505,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Dodge & Cox grew its stake in Juniper Networks by 0.4% during the 2nd quarter. Dodge & Cox now owns 17,690,957 shares of the network equipment provider’s stock worth $493,224,000 after buying an additional 74,877 shares during the last quarter. Quantbot Technologies LP grew its stake in Juniper Networks by 43.7% during the 2nd quarter. Quantbot Technologies LP now owns 179,610 shares of the network equipment provider’s stock worth $5,007,000 after buying an additional 54,648 shares during the last quarter. M&T Bank Corp grew its stake in Juniper Networks by 3.3% during the 2nd quarter. M&T Bank Corp now owns 105,820 shares of the network equipment provider’s stock worth $2,952,000 after buying an additional 3,384 shares during the last quarter. California Public Employees Retirement System grew its stake in Juniper Networks by 2.0% during the 2nd quarter. California Public Employees Retirement System now owns 1,158,631 shares of the network equipment provider’s stock worth $32,303,000 after buying an additional 22,500 shares during the last quarter. Finally, ETRADE Capital Management LLC grew its stake in Juniper Networks by 45.8% during the 2nd quarter. ETRADE Capital Management LLC now owns 28,121 shares of the network equipment provider’s stock worth $784,000 after buying an additional 8,837 shares during the last quarter. Hedge funds and other institutional investors own 90.16% of the company’s stock.

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Shares of Juniper Networks, Inc. (JNPR) opened at 27.83 on Friday. Juniper Networks, Inc. has a 12 month low of $22.41 and a 12 month high of $30.96. The stock has a market cap of $10.58 billion, a P/E ratio of 16.65 and a beta of 1.08. The stock has a 50 day moving average price of $27.61 and a 200 day moving average price of $28.50.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business posted $0.50 earnings per share. Equities analysts anticipate that Juniper Networks, Inc. will post $2.24 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 1st were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Wednesday, August 30th. Juniper Networks’s dividend payout ratio is currently 23.39%.

Several brokerages have weighed in on JNPR. Zacks Investment Research upgraded Juniper Networks from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Friday, July 28th. Raymond James Financial, Inc. upgraded Juniper Networks from a “market perform” rating to an “outperform” rating and set a $34.00 target price on the stock in a research note on Friday, July 21st. BMO Capital Markets reiterated a “buy” rating and issued a $34.00 target price on shares of Juniper Networks in a research note on Wednesday, August 23rd. Instinet reiterated a “buy” rating and issued a $33.00 target price on shares of Juniper Networks in a research note on Tuesday, July 4th. Finally, TheStreet downgraded Juniper Networks from a “b” rating to a “c+” rating in a research note on Thursday, June 29th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $30.94.

In other news, CEO Rami Rahim sold 16,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $27.43, for a total value of $438,880.00. Following the sale, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at $12,881,320.01. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Terrance F. Spidell sold 3,313 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $27.69, for a total value of $91,736.97. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,044 shares of company stock worth $974,774. 3.40% of the stock is currently owned by company insiders.

Juniper Networks Profile

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.

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

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