New York State Teachers Retirement System Has $8.80 Million Stake in Juniper Networks, Inc. (NYSE:JNPR)

New York State Teachers Retirement System decreased its stake in Juniper Networks, Inc. (NYSE:JNPR) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 298,523 shares of the network equipment provider’s stock after selling 2,325 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Juniper Networks worth $8,800,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC boosted its stake in Juniper Networks by 4.8% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 46,266 shares of the network equipment provider’s stock worth $1,286,000 after purchasing an additional 2,134 shares in the last quarter. Nordea Investment Management AB boosted its stake in Juniper Networks by 2,096.4% in the fourth quarter. Nordea Investment Management AB now owns 452,455 shares of the network equipment provider’s stock worth $13,212,000 after purchasing an additional 431,855 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Juniper Networks by 71.8% in the third quarter. Assenagon Asset Management S.A. now owns 324,954 shares of the network equipment provider’s stock worth $9,030,000 after purchasing an additional 135,823 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Juniper Networks by 112.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 181,032 shares of the network equipment provider’s stock worth $5,031,000 after purchasing an additional 95,672 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its stake in Juniper Networks by 37.2% in the third quarter. Retirement Systems of Alabama now owns 1,657,664 shares of the network equipment provider’s stock worth $46,066,000 after purchasing an additional 449,575 shares in the last quarter. Institutional investors and hedge funds own 91.95% of the company’s stock.

Juniper Networks Trading Down 0.1 %

NYSE JNPR opened at $36.92 on Friday. The stock has a 50-day simple moving average of $37.02 and a 200 day simple moving average of $32.13. The company has a market capitalization of $11.97 billion, a PE ratio of 38.86, a P/E/G ratio of 7.60 and a beta of 0.98. The company has a current ratio of 1.80, a quick ratio of 1.35 and a debt-to-equity ratio of 0.36. Juniper Networks, Inc. has a 12 month low of $24.87 and a 12 month high of $38.04.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings data on Tuesday, January 30th. The network equipment provider reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.41 billion. Juniper Networks had a net margin of 5.57% and a return on equity of 11.72%. Research analysts forecast that Juniper Networks, Inc. will post 1.37 EPS for the current year.

Juniper Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 1st were issued a $0.22 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.88 annualized dividend and a dividend yield of 2.38%. Juniper Networks’s dividend payout ratio (DPR) is currently 92.63%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on JNPR shares. Barclays reissued an “equal weight” rating on shares of Juniper Networks in a research note on Wednesday, January 10th. Morgan Stanley upgraded Juniper Networks from an “underweight” rating to an “equal weight” rating and set a $40.00 target price for the company in a research report on Thursday, January 11th. Rosenblatt Securities boosted their target price on Juniper Networks from $31.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. KeyCorp restated a “sector weight” rating on shares of Juniper Networks in a research report on Thursday, January 11th. Finally, Needham & Company LLC restated a “hold” rating on shares of Juniper Networks in a research report on Wednesday, January 10th. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Juniper Networks currently has a consensus rating of “Hold” and an average price target of $34.27.

Insiders Place Their Bets

In other Juniper Networks news, COO Manoj Leelanivas sold 98,530 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $37.00, for a total value of $3,645,610.00. Following the completion of the sale, the chief operating officer now directly owns 73,684 shares in the company, valued at $2,726,308. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Juniper Networks news, COO Manoj Leelanivas sold 98,530 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $37.00, for a total value of $3,645,610.00. Following the completion of the sale, the chief operating officer now directly owns 73,684 shares in the company, valued at $2,726,308. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rami Rahim sold 5,556 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $37.10, for a total value of $206,127.60. Following the transaction, the chief executive officer now directly owns 829,406 shares of the company’s stock, valued at $30,770,962.60. The disclosure for this sale can be found here. Insiders sold 216,302 shares of company stock worth $8,005,602 over the last ninety days. 1.29% of the stock is currently owned by corporate insiders.

Juniper Networks Company Profile

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.