Mutual of America Capital Management LLC Has $1.61 Million Stake in Juniper Networks, Inc. (NYSE:JNPR)

Mutual of America Capital Management LLC lifted its holdings in Juniper Networks, Inc. (NYSE:JNPRGet Rating) by 1.1% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,409 shares of the network equipment provider’s stock after buying an additional 461 shares during the period. Mutual of America Capital Management LLC’s holdings in Juniper Networks were worth $1,613,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. boosted its stake in shares of Juniper Networks by 9.4% in the 4th quarter. BlackRock Inc. now owns 34,261,011 shares of the network equipment provider’s stock worth $1,223,460,000 after buying an additional 2,939,731 shares during the last quarter. State Street Corp boosted its stake in shares of Juniper Networks by 3.0% in the 4th quarter. State Street Corp now owns 14,957,990 shares of the network equipment provider’s stock worth $534,150,000 after buying an additional 432,592 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Juniper Networks by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 7,179,264 shares of the network equipment provider’s stock worth $255,984,000 after buying an additional 255,783 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in shares of Juniper Networks by 308.0% in the 4th quarter. Nuveen Asset Management LLC now owns 3,832,774 shares of the network equipment provider’s stock worth $136,869,000 after purchasing an additional 2,893,408 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Juniper Networks by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,560,381 shares of the network equipment provider’s stock worth $91,431,000 after purchasing an additional 40,175 shares during the period. Hedge funds and other institutional investors own 92.78% of the company’s stock.

Juniper Networks Trading Up 0.1 %

Juniper Networks stock opened at $28.03 on Friday. The stock has a market cap of $9.06 billion, a P/E ratio of 27.18, a PEG ratio of 1.82 and a beta of 0.94. Juniper Networks, Inc. has a fifty-two week low of $26.20 and a fifty-two week high of $38.14. The firm’s fifty day moving average price is $28.99 and its 200-day moving average price is $32.25. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.46 and a current ratio of 1.63.

Juniper Networks (NYSE:JNPRGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The network equipment provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Juniper Networks had a net margin of 7.03% and a return on equity of 9.40%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.15 earnings per share. Equities research analysts forecast that Juniper Networks, Inc. will post 1.49 earnings per share for the current fiscal year.

Juniper Networks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 22nd. Stockholders of record on Thursday, September 1st will be issued a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.84 annualized dividend and a dividend yield of 3.00%. Juniper Networks’s payout ratio is currently 81.55%.

Insider Transactions at Juniper Networks

In related news, CEO Rami Rahim sold 5,555 shares of the company’s stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $28.54, for a total value of $158,539.70. Following the completion of the transaction, the chief executive officer now directly owns 857,485 shares in the company, valued at $24,472,621.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Kenneth Bradley Miller sold 6,000 shares of the company’s stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $31.84, for a total value of $191,040.00. Following the completion of the transaction, the chief financial officer now directly owns 171,835 shares in the company, valued at $5,471,226.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rami Rahim sold 5,555 shares of the company’s stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $28.54, for a total transaction of $158,539.70. Following the completion of the transaction, the chief executive officer now owns 857,485 shares of the company’s stock, valued at $24,472,621.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,494 shares of company stock valued at $1,130,982. 1.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

JNPR has been the topic of a number of research reports. Raymond James reaffirmed a “maintains” rating on shares of Juniper Networks in a report on Wednesday. JPMorgan Chase & Co. raised shares of Juniper Networks from a “neutral” rating to an “overweight” rating and lowered their price target for the stock from $37.00 to $36.00 in a report on Thursday, July 14th. UBS Group lowered their price target on shares of Juniper Networks from $34.00 to $31.00 and set a “neutral” rating on the stock in a report on Wednesday. Piper Sandler cut shares of Juniper Networks from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $34.00 to $27.00 in a report on Wednesday, July 13th. Finally, Citigroup lowered their price target on shares of Juniper Networks from $36.00 to $30.00 and set a “neutral” rating on the stock in a report on Wednesday. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $33.18.

Juniper Networks Profile

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Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; wide-area network SDN controllers; and session smart routers.

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

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