First Trust Advisors LP boosted its position in Juniper Networks, Inc. (NYSE:JNPR) by 22.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,124,028 shares of the network equipment provider’s stock after buying an additional 1,302,277 shares during the period. Juniper Networks accounts for approximately 0.5% of First Trust Advisors LP’s investment portfolio, making the stock its 17th largest position. First Trust Advisors LP’s holdings in Juniper Networks were worth $198,618,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Juniper Networks by 2,310.0% in the first quarter. BlackRock Inc. now owns 25,175,402 shares of the network equipment provider’s stock worth $700,629,000 after buying an additional 24,130,800 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in Juniper Networks by 40.0% in the second quarter. Diamond Hill Capital Management Inc. now owns 11,378,124 shares of the network equipment provider’s stock worth $317,222,000 after buying an additional 3,248,819 shares in the last quarter. Morgan Stanley increased its position in Juniper Networks by 119.2% in the first quarter. Morgan Stanley now owns 2,550,103 shares of the network equipment provider’s stock worth $70,970,000 after buying an additional 1,386,626 shares in the last quarter. Vanguard Group Inc. increased its position in Juniper Networks by 3.6% in the first quarter. Vanguard Group Inc. now owns 36,120,137 shares of the network equipment provider’s stock worth $1,005,224,000 after buying an additional 1,246,424 shares in the last quarter. Finally, LSV Asset Management increased its position in shares of Juniper Networks by 42.4% in the first quarter. LSV Asset Management now owns 4,118,318 shares of the network equipment provider’s stock valued at $114,612,000 after buying an additional 1,227,063 shares during the period. Hedge funds and other institutional investors own 91.15% of the company’s stock.

Juniper Networks, Inc. (NYSE JNPR) opened at 27.44 on Friday. The stock has a 50 day moving average price of $28.47 and a 200-day moving average price of $28.54. The firm has a market capitalization of $10.44 billion, a PE ratio of 16.42 and a beta of 1.07. Juniper Networks, Inc. has a 12-month low of $22.40 and a 12-month high of $30.96.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings data on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.03. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company posted $0.50 EPS. On average, equities research analysts forecast that Juniper Networks, Inc. will post $2.24 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Wednesday, August 30th. Juniper Networks’s dividend payout ratio is presently 23.39%.

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JNPR has been the topic of several analyst reports. BidaskClub downgraded Juniper Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Drexel Hamilton reiterated a “buy” rating and issued a $37.00 target price on shares of Juniper Networks in a research note on Thursday, July 20th. Berenberg Bank reiterated a “buy” rating and issued a $35.00 target price on shares of Juniper Networks in a research note on Thursday, July 27th. 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 upgraded Juniper Networks from a “c+” rating to a “b” rating in a research note on Monday, July 24th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $30.89.

In other news, VP Terrance F. Spidell sold 3,313 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $27.69, for a total transaction of $91,736.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Pradeep Sindhu sold 76,900 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $30.55, for a total value of $2,349,295.00. Following the sale, the director now directly owns 40,773 shares of the company’s stock, valued at $1,245,615.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 95,844 shares of company stock valued at $2,904,344. Corporate insiders own 3.40% of the company’s stock.

Juniper Networks Company 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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