Chevy Chase Trust Holdings Inc. lowered its stake in Juniper Networks, Inc. (NYSE:JNPR) by 0.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 329,175 shares of the network equipment provider’s stock after selling 116 shares during the period. Chevy Chase Trust Holdings Inc. owned about 0.09% of Juniper Networks worth $9,177,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. State of Alaska Department of Revenue increased its position in shares of Juniper Networks by 26.4% in the second quarter. State of Alaska Department of Revenue now owns 19,234 shares of the network equipment provider’s stock valued at $536,000 after buying an additional 4,020 shares during the last quarter. Creative Planning increased its position in shares of Juniper Networks by 0.4% in the second quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock valued at $131,000 after buying an additional 21 shares during the last quarter. Cottage Street Advisors LLC increased its position in shares of Juniper Networks by 32.7% in the second quarter. Cottage Street Advisors LLC now owns 21,900 shares of the network equipment provider’s stock valued at $611,000 after buying an additional 5,400 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Juniper Networks during the second quarter valued at approximately $238,000. Finally, NN Investment Partners Holdings N.V. increased its position in shares of Juniper Networks by 47.3% in the second quarter. NN Investment Partners Holdings N.V. now owns 474,851 shares of the network equipment provider’s stock valued at $13,239,000 after buying an additional 152,412 shares during the last quarter. 89.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Juniper Networks, Inc. (JNPR) opened at 29.22 on Friday. The company has a market capitalization of $11.16 billion, a price-to-earnings ratio of 18.48 and a beta of 1.08. The firm’s 50-day moving average price is $28.85 and its 200-day moving average price is $28.52. Juniper Networks, Inc. has a one year low of $22.12 and a one year high of $30.96.

Juniper Networks (NYSE:JNPR) last announced its earnings results on Tuesday, April 25th. The network equipment provider reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.03. Juniper Networks had a net margin of 12.10% and a return on equity of 13.59%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the firm earned $0.37 earnings per share. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. Analysts anticipate that Juniper Networks, Inc. will post $2.23 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 22nd. Shareholders of record on Thursday, June 1st were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Tuesday, May 30th. Juniper Networks’s dividend payout ratio is 25.00%.

COPYRIGHT VIOLATION NOTICE: This article was first posted by Daily Political and is the sole property of of Daily Political. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.dailypolitical.com/2017/07/21/chevy-chase-trust-holdings-inc-sells-116-shares-of-juniper-networks-inc-jnpr.html.

Several brokerages have commented on JNPR. Drexel Hamilton reaffirmed a “buy” rating and set a $37.00 target price on shares of Juniper Networks in a report on Thursday. BMO Capital Markets raised Juniper Networks from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $31.00 to $34.00 in a report on Monday, July 10th. Instinet reaffirmed a “buy” rating and set a $33.00 target price on shares of Juniper Networks in a report on Tuesday, July 4th. TheStreet downgraded Juniper Networks from a “b” rating to a “c+” rating in a report on Thursday, June 29th. Finally, KeyCorp began coverage on Juniper Networks in a report on Monday, June 5th. They set a “hold” rating and a $31.00 target price on the stock. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $30.01.

In other Juniper Networks news, Director Pradeep Sindhu sold 76,900 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $30.53, for a total transaction of $2,347,757.00. Following the completion of the transaction, the director now owns 40,773 shares of the company’s stock, valued at $1,244,799.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Vincent Molinaro sold 13,792 shares of the firm’s stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $28.36, for a total transaction of $391,141.12. Following the transaction, the executive vice president now directly owns 4,597 shares of the company’s stock, valued at approximately $130,370.92. The disclosure for this sale can be found here. Insiders have sold 188,892 shares of company stock valued at $5,728,423 in the last ninety days. Insiders own 3.40% of the company’s stock.

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)

Receive News & Ratings for Juniper Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Juniper Networks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.