Cornerstone Capital Management Holdings LLC. reduced its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 21.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 465,329 shares of the network equipment provider’s stock after selling 128,719 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned approximately 0.12% of Juniper Networks worth $12,949,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of JNPR. Numeric Investors LLC lifted its stake in shares of Juniper Networks by 3,949.6% during the 2nd quarter. Numeric Investors LLC now owns 4,673,200 shares of the network equipment provider’s stock worth $130,289,000 after purchasing an additional 4,557,800 shares during the last quarter. Renaissance Technologies LLC raised its stake in Juniper Networks by 197.7% in the second quarter. Renaissance Technologies LLC now owns 5,427,091 shares of the network equipment provider’s stock valued at $151,307,000 after buying an additional 3,604,200 shares during the last quarter. Prudential Financial Inc. raised its stake in Juniper Networks by 260.0% in the second quarter. Prudential Financial Inc. now owns 3,374,305 shares of the network equipment provider’s stock valued at $94,076,000 after buying an additional 2,437,006 shares during the last quarter. Vanguard Group Inc. raised its stake in Juniper Networks by 6.4% in the second quarter. Vanguard Group Inc. now owns 38,434,820 shares of the network equipment provider’s stock valued at $1,071,564,000 after buying an additional 2,314,683 shares during the last quarter. Finally, Capital Fund Management S.A. purchased a new stake in Juniper Networks in the second quarter valued at about $43,858,000. Hedge funds and other institutional investors own 90.94% of the company’s stock.

JNPR has been the subject of a number of research analyst reports. Cowen reiterated a “hold” rating and issued a $28.00 price target on shares of Juniper Networks in a research note on Friday, October 27th. Wells Fargo & Company initiated coverage on Juniper Networks in a research note on Tuesday, November 14th. They issued a “market perform” rating and a $25.00 price target for the company. Instinet cut Juniper Networks from a “buy” rating to a “neutral” rating in a research note on Thursday, October 12th. Zacks Investment Research cut Juniper Networks from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Finally, Bank of America decreased their price target on Juniper Networks from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, October 25th. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Juniper Networks has an average rating of “Hold” and an average target price of $29.25.

In related news, CEO Rami Rahim sold 16,100 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $26.24, for a total transaction of $422,464.00. Following the sale, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at $12,322,487.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Rahul N. Merchant bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were bought at an average cost of $24.48 per share, for a total transaction of $48,960.00. Following the completion of the acquisition, the director now owns 22,543 shares of the company’s stock, valued at $551,852.64. The disclosure for this purchase can be found here. Company insiders own 2.60% of the company’s stock.

Shares of Juniper Networks, Inc. (JNPR) traded up $0.01 during trading hours on Tuesday, hitting $28.39. The stock had a trading volume of 3,382,500 shares, compared to its average volume of 5,251,200. Juniper Networks, Inc. has a 1 year low of $23.87 and a 1 year high of $30.96. The stock has a market capitalization of $10,640.46, a PE ratio of 15.59, a price-to-earnings-growth ratio of 2.64 and a beta of 1.10. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.70 and a current ratio of 2.70.

Juniper Networks (NYSE:JNPR) last announced 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 during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the business earned $0.58 earnings per share. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. research analysts expect that Juniper Networks, Inc. will post 1.7 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Thursday, November 30th. Juniper Networks’s payout ratio is 23.26%.

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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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