Strs Ohio raised its stake in Juniper Networks, Inc. (NYSE:JNPR) by 13.7% during the second quarter, Holdings Channel reports. The firm owned 49,356 shares of the network equipment provider’s stock after buying an additional 5,958 shares during the period. Strs Ohio’s holdings in Juniper Networks were worth $1,376,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of JNPR. Vanguard Group Inc. raised its stake 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 valued at $1,005,224,000 after buying an additional 1,246,424 shares in the last quarter. BlackRock Inc. raised its stake 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 valued at $700,629,000 after buying an additional 24,130,800 shares in the last quarter. State Street Corp raised its stake in Juniper Networks by 4.4% in the first quarter. State Street Corp now owns 17,739,857 shares of the network equipment provider’s stock valued at $493,700,000 after buying an additional 751,132 shares in the last quarter. FIL Ltd raised its stake in Juniper Networks by 2.8% in the first quarter. FIL Ltd now owns 10,714,506 shares of the network equipment provider’s stock valued at $298,185,000 after buying an additional 294,968 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. raised its stake 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 in the last quarter. Institutional investors own 91.15% of the company’s stock.

Shares of Juniper Networks, Inc. (JNPR) opened at 27.41 on Friday. The firm has a market capitalization of $10.42 billion, a P/E ratio of 16.40 and a beta of 1.07. The firm has a 50 day moving average price of $28.45 and a 200-day moving average price of $28.54. Juniper Networks, Inc. has a 52 week low of $22.40 and a 52 week high of $30.96.

Juniper Networks (NYSE:JNPR) last released its earnings results 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 return on equity of 14.13% and a net margin of 12.66%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 earnings per share. Equities research analysts predict that Juniper Networks, Inc. will post $2.24 EPS for the current fiscal year.

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

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Several research firms have commented on JNPR. Pacific Crest began coverage on Juniper Networks in a research report on Monday, June 5th. They issued a “sector weight” rating and a $31.00 price objective on the stock. BidaskClub lowered Juniper Networks from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Robert W. Baird restated a “neutral” rating and issued a $30.00 price objective (up previously from $27.00) on shares of Juniper Networks in a research report on Saturday, April 29th. Drexel Hamilton restated a “buy” rating and issued a $37.00 price objective on shares of Juniper Networks in a research report on Thursday, July 20th. Finally, UBS AG restated a “neutral” rating and issued a $30.00 price objective (up previously from $28.00) on shares of Juniper Networks in a research report on Wednesday, July 26th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $30.89.

In related news, VP Terrance F. Spidell sold 3,313 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $27.69, for a total value of $91,736.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Pradeep Sindhu sold 76,900 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $30.55, for a total value of $2,349,295.00. Following the completion of the transaction, the director now owns 40,773 shares of the company’s stock, valued at $1,245,615.15. The disclosure for this sale can be found here. Insiders sold 95,844 shares of company stock valued at $2,904,344 over the last quarter. 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.

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

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