Neuberger Berman Group LLC raised its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 134.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,287 shares of the network equipment provider’s stock after purchasing an additional 17,359 shares during the quarter. Neuberger Berman Group LLC’s holdings in Juniper Networks were worth $844,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Creative Planning grew its stake in Juniper Networks by 0.4% during the 2nd quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock valued at $131,000 after purchasing an additional 21 shares during the last quarter. Contravisory Investment Management Inc. grew its stake in Juniper Networks by 0.6% during the 2nd quarter. Contravisory Investment Management Inc. now owns 9,629 shares of the network equipment provider’s stock valued at $268,000 after purchasing an additional 60 shares during the last quarter. Cadence Capital Management LLC grew its stake in Juniper Networks by 0.5% during the 2nd quarter. Cadence Capital Management LLC now owns 12,930 shares of the network equipment provider’s stock valued at $360,000 after purchasing an additional 63 shares during the last quarter. Tredje AP fonden grew its stake in Juniper Networks by 0.4% during the 1st quarter. Tredje AP fonden now owns 19,874 shares of the network equipment provider’s stock valued at $553,000 after purchasing an additional 74 shares during the last quarter. Finally, Cleararc Capital Inc. grew its stake in Juniper Networks by 1.2% during the 1st quarter. Cleararc Capital Inc. now owns 9,343 shares of the network equipment provider’s stock valued at $260,000 after purchasing an additional 115 shares during the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

In related news, EVP Vincent Molinaro sold 5,031 shares of Juniper Networks stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $30.00, for a total transaction of $150,930.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Terrance F. Spidell sold 3,313 shares of Juniper Networks stock in a transaction that occurred on Tuesday, August 1st. The stock was 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. Over the last quarter, insiders have sold 35,044 shares of company stock valued at $974,774. Insiders own 3.40% of the company’s stock.

A number of analysts have recently commented on the company. Needham & Company LLC restated a “hold” rating on shares of Juniper Networks in a research note on Tuesday, September 12th. Royal Bank Of Canada restated a “hold” rating and issued a $30.00 target price on shares of Juniper Networks in a research note on Wednesday, September 6th. BMO Capital Markets restated a “buy” rating and issued a $34.00 target price on shares of Juniper Networks in a research note on Wednesday, August 23rd. Zacks Investment Research upgraded Juniper Networks from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a research note on Wednesday, August 16th. Finally, BidaskClub downgraded Juniper Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $30.94.

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Shares of Juniper Networks, Inc. (NYSE:JNPR) opened at 27.62 on Wednesday. The stock has a 50 day moving average price of $27.61 and a 200-day moving average price of $28.50. The stock has a market capitalization of $10.50 billion, a price-to-earnings ratio of 16.53 and a beta of 1.08. Juniper Networks, Inc. has a 52-week low of $22.41 and a 52-week 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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. Juniper Networks had a net margin of 12.66% and a return on equity of 14.13%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the firm earned $0.50 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities research analysts predict that Juniper Networks, Inc. will post $2.24 EPS for the current fiscal year.

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.45%. Juniper Networks’s payout ratio is 23.39%.

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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