Juniper Networks, Inc. (NYSE:JNPR) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 60.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 72,392 shares of the network equipment provider’s stock after selling 108,640 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Juniper Networks were worth $2,134,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JNPR. CWM LLC grew its position in Juniper Networks by 15.6% during the third quarter. CWM LLC now owns 3,091 shares of the network equipment provider’s stock worth $86,000 after buying an additional 417 shares during the period. AE Wealth Management LLC acquired a new position in Juniper Networks during the third quarter worth about $230,000. Ronald Blue Trust Inc. grew its position in Juniper Networks by 74.1% during the third quarter. Ronald Blue Trust Inc. now owns 1,071 shares of the network equipment provider’s stock worth $30,000 after buying an additional 456 shares during the period. DnB Asset Management AS grew its position in Juniper Networks by 7.1% during the third quarter. DnB Asset Management AS now owns 76,153 shares of the network equipment provider’s stock worth $2,116,000 after buying an additional 5,044 shares during the period. Finally, Czech National Bank grew its position in shares of Juniper Networks by 47.5% in the third quarter. Czech National Bank now owns 56,167 shares of the network equipment provider’s stock valued at $1,561,000 after purchasing an additional 18,096 shares during the last quarter. 91.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Juniper Networks news, CEO Rami Rahim sold 5,555 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $37.06, for a total transaction of $205,868.30. Following the transaction, the chief executive officer now owns 1,003,429 shares of the company’s stock, valued at $37,187,078.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, SVP Robert Mobassaly sold 5,173 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $36.78, for a total value of $190,262.94. Following the transaction, the senior vice president now owns 36,061 shares of the company’s stock, valued at approximately $1,326,323.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Rami Rahim sold 5,555 shares of the firm’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $37.06, for a total transaction of $205,868.30. Following the completion of the transaction, the chief executive officer now directly owns 1,003,429 shares in the company, valued at approximately $37,187,078.74. The disclosure for this sale can be found here. Insiders have sold a total of 216,302 shares of company stock valued at $8,005,602 over the last quarter. Company insiders own 1.29% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on JNPR shares. Barclays reiterated an “equal weight” rating on shares of Juniper Networks in a research report on Wednesday, January 10th. StockNews.com started coverage on shares of Juniper Networks in a research report on Wednesday, April 17th. They issued a “hold” rating on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Juniper Networks in a research report on Wednesday, January 10th. Jefferies Financial Group reiterated a “hold” rating and issued a $40.00 price target (up from $35.00) on shares of Juniper Networks in a research report on Thursday, January 11th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Juniper Networks in a research report on Thursday, January 11th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Juniper Networks has an average rating of “Hold” and an average target price of $34.27.

Juniper Networks Stock Performance

NYSE:JNPR opened at $35.90 on Wednesday. The company has a quick ratio of 1.35, a current ratio of 1.80 and a debt-to-equity ratio of 0.36. The company has a market cap of $11.65 billion, a P/E ratio of 37.79, a P/E/G ratio of 7.38 and a beta of 0.98. Juniper Networks, Inc. has a fifty-two week low of $24.87 and a fifty-two week high of $38.04. The firm’s 50 day moving average is $36.91 and its two-hundred day moving average is $32.70.

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

Juniper Networks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 1st were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend was Thursday, February 29th. Juniper Networks’s dividend payout ratio is currently 92.63%.

Juniper Networks 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.