Victory Capital Management Inc. Increases Stake in Juniper Networks, Inc. (NYSE:JNPR)

Victory Capital Management Inc. increased its position in shares of Juniper Networks, Inc. (NYSE:JNPRGet Rating) by 8.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 717,857 shares of the network equipment provider’s stock after purchasing an additional 57,986 shares during the period. Victory Capital Management Inc.’s holdings in Juniper Networks were worth $22,627,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in shares of Juniper Networks by 12.6% during the first quarter. Envestnet Asset Management Inc. now owns 156,155 shares of the network equipment provider’s stock valued at $5,803,000 after buying an additional 17,532 shares during the period. Arizona State Retirement System increased its stake in shares of Juniper Networks by 2.2% during the first quarter. Arizona State Retirement System now owns 90,517 shares of the network equipment provider’s stock valued at $3,364,000 after buying an additional 1,989 shares during the period. Measured Wealth Private Client Group LLC grew its stake in Juniper Networks by 12.7% in the first quarter. Measured Wealth Private Client Group LLC now owns 10,136 shares of the network equipment provider’s stock valued at $377,000 after purchasing an additional 1,142 shares during the last quarter. Cookson Peirce & Co. Inc. purchased a new position in Juniper Networks in the first quarter valued at about $5,186,000. Finally, Mutual of America Capital Management LLC grew its stake in Juniper Networks by 1.1% in the first quarter. Mutual of America Capital Management LLC now owns 43,409 shares of the network equipment provider’s stock valued at $1,613,000 after purchasing an additional 461 shares during the last quarter. Hedge funds and other institutional investors own 92.78% of the company’s stock.

Analyst Ratings Changes

JNPR has been the topic of several analyst reports. Cowen cut their target price on Juniper Networks to $29.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 27th. Credit Suisse Group lowered their price target on Juniper Networks from $28.00 to $27.00 and set an “underperform” rating for the company in a report on Wednesday, July 27th. Citigroup lowered their price target on Juniper Networks from $36.00 to $30.00 and set a “neutral” rating for the company in a report on Wednesday, July 27th. JPMorgan Chase & Co. raised 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. Finally, Rosenblatt Securities lowered their price target on Juniper Networks from $33.00 to $32.00 and set a “neutral” rating for the company in a report on Wednesday, July 27th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $33.41.

Insider Buying and Selling at Juniper Networks

In other Juniper Networks news, CEO Rami Rahim sold 5,555 shares of the business’s stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $28.15, for a total value of $156,373.25. Following the completion of the transaction, the chief executive officer now directly owns 868,595 shares of the company’s stock, valued at $24,450,949.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders sold 23,610 shares of company stock valued at $665,163. 1.30% of the stock is owned by company insiders.

Juniper Networks Trading Down 1.0 %

Juniper Networks stock opened at $27.92 on Friday. Juniper Networks, Inc. has a 52 week low of $26.20 and a 52 week high of $38.14. The company has a market capitalization of $9.01 billion, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 1.92 and a beta of 0.88. The stock has a 50-day moving average price of $28.81 and a 200 day moving average price of $32.01. The company has a quick ratio of 1.37, a current ratio of 1.58 and a debt-to-equity ratio of 0.38.

Juniper Networks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Thursday, September 1st will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date is Wednesday, August 31st. Juniper Networks’s payout ratio is presently 70.59%.

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.

Further Reading

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

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