State of Tennessee Treasury Department grew its stake in Juniper Networks, Inc. (NYSE:JNPR) by 0.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,507 shares of the network equipment provider’s stock after buying an additional 295 shares during the period. State of Tennessee Treasury Department’s holdings in Juniper Networks were worth $2,914,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Fox Run Management L.L.C. acquired a new stake in Juniper Networks during the second quarter worth approximately $719,000. NN Investment Partners Holdings N.V. grew its stake in Juniper Networks by 47.3% during the second quarter. NN Investment Partners Holdings N.V. now owns 474,851 shares of the network equipment provider’s stock worth $13,239,000 after purchasing an additional 152,412 shares during the period. Oregon Public Employees Retirement Fund grew its stake in Juniper Networks by 2.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 102,505 shares of the network equipment provider’s stock worth $2,858,000 after purchasing an additional 2,400 shares during the period. Pacad Investment Ltd. grew its stake in Juniper Networks by 69.2% during the second quarter. Pacad Investment Ltd. now owns 79,199 shares of the network equipment provider’s stock worth $2,208,000 after purchasing an additional 32,399 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its stake in Juniper Networks by 503.1% during the second quarter. Robeco Institutional Asset Management B.V. now owns 281,655 shares of the network equipment provider’s stock worth $7,850,000 after purchasing an additional 234,955 shares during the period. 90.16% of the stock is owned by institutional investors.

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Several equities research analysts recently commented on JNPR shares. Zacks Investment Research raised Juniper Networks from a “hold” rating to a “strong-buy” rating and set a $32.00 target price for the company in a research note on Wednesday, August 16th. BidaskClub cut Juniper Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Drexel Hamilton reaffirmed a “buy” rating and set a $37.00 target price on shares of Juniper Networks in a research note on Thursday, July 20th. Berenberg Bank reaffirmed a “buy” rating and set a $35.00 target price on shares of Juniper Networks in a research note on Thursday, July 27th. Finally, Instinet reaffirmed a “buy” rating and set a $33.00 target price on shares of Juniper Networks in a research note on Tuesday, July 4th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Juniper Networks currently has a consensus rating of “Hold” and an average target price of $30.94.

In related news, EVP Vincent Molinaro sold 5,031 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $30.00, for a total value of $150,930.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Terrance F. Spidell sold 3,313 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $27.69, for a total value of $91,736.97. The disclosure for this sale can be found here. Insiders sold a total of 35,044 shares of company stock worth $974,774 in the last 90 days. 3.40% of the stock is currently owned by company insiders.

Shares of Juniper Networks, Inc. (JNPR) opened at 27.80 on Friday. The company’s 50-day moving average price is $27.62 and its 200-day moving average price is $28.50. The company has a market capitalization of $10.57 billion, a price-to-earnings ratio of 16.64 and a beta of 1.08. Juniper Networks, Inc. has a one year low of $22.41 and a one year high of $30.96.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share 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 the consensus estimate of $1.29 billion. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.50 EPS. On average, equities research analysts predict 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. 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 dividend yield of 1.44%. Juniper Networks’s payout ratio is currently 23.39%.

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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