Algert Global LLC increased its stake in Juniper Networks, Inc. (NYSE:JNPR) by 47.4% during the second quarter, Holdings Channel reports. The fund owned 31,637 shares of the network equipment provider’s stock after buying an additional 10,175 shares during the period. Algert Global LLC’s holdings in Juniper Networks were worth $882,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Creative Planning raised 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. Contravisory Investment Management Inc. raised its position in shares of Juniper Networks by 0.6% in the second quarter. Contravisory Investment Management Inc. now owns 9,629 shares of the network equipment provider’s stock valued at $268,000 after buying an additional 60 shares during the last quarter. Tredje AP fonden raised its position in shares of Juniper Networks by 0.4% in the first quarter. Tredje AP fonden now owns 19,874 shares of the network equipment provider’s stock valued at $553,000 after buying an additional 74 shares during the last quarter. Cleararc Capital Inc. increased its stake in Juniper Networks by 1.2% in the first quarter. Cleararc Capital Inc. now owns 9,343 shares of the network equipment provider’s stock worth $260,000 after buying an additional 115 shares during the period. Finally, CIBC Asset Management Inc increased its stake in Juniper Networks by 0.3% in the second quarter. CIBC Asset Management Inc now owns 43,173 shares of the network equipment provider’s stock worth $1,204,000 after buying an additional 121 shares during the period. Institutional investors and hedge funds own 91.15% of the company’s stock.

Juniper Networks, Inc. (NYSE JNPR) opened at 27.44 on Friday. The company’s 50-day moving average price is $28.47 and its 200 day moving average price is $28.54. Juniper Networks, Inc. has a 52 week low of $22.40 and a 52 week high of $30.96. The company has a market capitalization of $10.44 billion, a PE ratio of 16.42 and a beta of 1.07.

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

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

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A number of analysts recently issued reports on JNPR shares. TheStreet raised shares of Juniper Networks from a “c+” rating to a “b” rating in a research report on Monday, July 24th. ValuEngine raised shares of Juniper Networks from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Instinet reissued a “buy” rating and set a $33.00 target price on shares of Juniper Networks in a research report on Tuesday, July 4th. Drexel Hamilton reissued a “buy” rating and set a $37.00 target price on shares of Juniper Networks in a research report on Thursday, July 20th. Finally, Berenberg Bank reissued a “buy” rating and set a $35.00 target price on shares of Juniper Networks in a research report on Thursday, July 27th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $30.89.

In other news, Director Pradeep Sindhu sold 76,900 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $30.55, for a total transaction of $2,349,295.00. Following the sale, the director now directly owns 40,773 shares in the company, valued at $1,245,615.15. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Vincent Molinaro sold 5,031 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $30.00, for a total value of $150,930.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 95,844 shares of company stock worth $2,904,344. 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.

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

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