Commonwealth Bank of Australia decreased its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 3.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,911 shares of the network equipment provider’s stock after selling 2,300 shares during the quarter. Commonwealth Bank of Australia’s holdings in Juniper Networks were worth $1,865,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of JNPR. BlackRock Inc. increased its stake in Juniper Networks by 2,310.0% during the 1st quarter. BlackRock Inc. now owns 25,175,402 shares of the network equipment provider’s stock valued at $700,629,000 after purchasing an additional 24,130,800 shares in the last quarter. Diamond Hill Capital Management Inc. increased its stake in Juniper Networks by 40.0% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 11,378,124 shares of the network equipment provider’s stock valued at $317,222,000 after purchasing an additional 3,248,819 shares in the last quarter. Prudential Financial Inc. increased its stake in Juniper Networks by 260.0% during the 2nd quarter. Prudential Financial Inc. now owns 3,374,305 shares of the network equipment provider’s stock valued at $94,076,000 after purchasing an additional 2,437,006 shares in the last quarter. Morgan Stanley increased its stake in Juniper Networks by 119.2% during the 1st quarter. Morgan Stanley now owns 2,550,103 shares of the network equipment provider’s stock valued at $70,970,000 after purchasing an additional 1,386,626 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Juniper Networks by 22.4% during the 2nd quarter. First Trust Advisors LP now owns 7,124,028 shares of the network equipment provider’s stock valued at $198,618,000 after purchasing an additional 1,302,277 shares in the last quarter. Institutional investors and hedge funds own 90.16% of the company’s stock.

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A number of research analysts have issued reports on JNPR shares. TheStreet lowered shares of Juniper Networks from a “b” rating to a “c+” rating in a research note on Thursday, June 29th. Drexel Hamilton restated a “buy” rating and set a $37.00 price target on shares of Juniper Networks in a research note on Thursday, July 20th. BidaskClub lowered shares of Juniper Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Raymond James Financial, Inc. upgraded shares of Juniper Networks from a “market perform” rating to an “outperform” rating and set a $34.00 price target on the stock in a research note on Friday, July 21st. Finally, Pacific Crest started coverage on shares of Juniper Networks in a research note on Monday, June 5th. They set a “sector weight” rating and a $31.00 price target on the stock. Four analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Juniper Networks has a consensus rating of “Hold” and an average price target of $30.94.

Juniper Networks, Inc. (JNPR) opened at 27.53 on Wednesday. Juniper Networks, Inc. has a 12-month low of $22.40 and a 12-month high of $30.96. The firm’s 50-day moving average is $27.76 and its 200 day moving average is $28.52. The stock has a market capitalization of $10.47 billion, a P/E ratio of 16.48 and a beta of 1.08.

Juniper Networks (NYSE:JNPR) last issued its earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. The company had revenue of $1.31 billion for 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 business’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.50 EPS. Equities analysts expect that Juniper Networks, Inc. will post $2.24 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be given 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%.

In other Juniper Networks news, EVP Vincent Molinaro sold 5,031 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $30.00, for a total transaction of $150,930.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Terrance F. Spidell sold 3,313 shares of the business’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 disclosure for this sale can be found here. Insiders have sold a total of 35,044 shares of company stock worth $974,774 over the last 90 days. Insiders own 3.40% of the company’s stock.

Juniper Networks 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.

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

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