Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 34.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,059 shares of the network equipment provider’s stock after buying an additional 23,348 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Juniper Networks were worth $2,567,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in JNPR. Bank of New York Mellon Corp boosted its position in Juniper Networks by 34.9% in the first quarter. Bank of New York Mellon Corp now owns 4,420,548 shares of the network equipment provider’s stock valued at $123,023,000 after buying an additional 1,144,579 shares during the period. Princeton Alpha Management LP boosted its position in Juniper Networks by 39.6% in the first quarter. Princeton Alpha Management LP now owns 20,820 shares of the network equipment provider’s stock valued at $579,000 after buying an additional 5,908 shares during the period. DekaBank Deutsche Girozentrale boosted its position in Juniper Networks by 21.7% in the first quarter. DekaBank Deutsche Girozentrale now owns 114,492 shares of the network equipment provider’s stock valued at $3,206,000 after buying an additional 20,436 shares during the period. Bbva Compass Bancshares Inc. boosted its position in Juniper Networks by 16.2% in the first quarter. Bbva Compass Bancshares Inc. now owns 74,399 shares of the network equipment provider’s stock valued at $2,070,000 after buying an additional 10,394 shares during the period. Finally, Diamond Hill Capital Management Inc. boosted its position in Juniper Networks by 7.8% in the first quarter. Diamond Hill Capital Management Inc. now owns 8,129,305 shares of the network equipment provider’s stock valued at $226,239,000 after buying an additional 591,278 shares during the period. Hedge funds and other institutional investors own 90.16% of the company’s stock.

Juniper Networks, Inc. (NYSE:JNPR) opened at 27.68 on Friday. The company’s 50-day moving average price is $28.09 and its 200-day moving average price is $28.56. Juniper Networks, Inc. has a 12-month low of $22.40 and a 12-month high of $30.96. The company has a market cap of $10.53 billion, a PE ratio of 16.56 and a beta of 1.08.

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

The business also recently declared 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. The ex-dividend date is Wednesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.45%. Juniper Networks’s payout ratio is currently 23.39%.

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JNPR has been the subject of a number of recent research reports. ValuEngine raised Juniper Networks from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. KeyCorp initiated coverage on Juniper Networks in a report on Monday, June 5th. They issued a “hold” rating and a $31.00 target price for the company. Pacific Crest initiated coverage on Juniper Networks in a report on Monday, June 5th. They issued a “sector weight” rating and a $31.00 target price for the company. UBS AG reissued a “neutral” rating and issued a $30.00 target price (up from $28.00) on shares of Juniper Networks in a report on Wednesday, July 26th. Finally, Robert W. Baird set a $30.00 target price on Juniper Networks and gave the stock a “hold” rating in a report on Wednesday, July 26th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $30.94.

In other news, CEO Rami Rahim sold 16,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $27.43, for a total transaction of $438,880.00. Following the completion of the sale, the chief executive officer now owns 469,607 shares in the company, valued at approximately $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 that occurred on Tuesday, August 1st. The stock was sold at an average price of $27.69, for a total transaction of $91,736.97. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,044 shares of company stock valued at $974,774. 3.40% of the stock is currently owned by company insiders.

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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