California State Teachers Retirement System Trims Stock Position in Juniper Networks, Inc. (NYSE:JNPR)

California State Teachers Retirement System reduced its stake in shares of Juniper Networks, Inc. (NYSE:JNPRFree Report) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 488,850 shares of the network equipment provider’s stock after selling 1,537 shares during the quarter. California State Teachers Retirement System owned approximately 0.15% of Juniper Networks worth $14,411,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in JNPR. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of Juniper Networks in the 3rd quarter worth about $880,000. Amalgamated Bank grew its position in shares of Juniper Networks by 2.4% in the 3rd quarter. Amalgamated Bank now owns 104,596 shares of the network equipment provider’s stock worth $2,907,000 after buying an additional 2,405 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Juniper Networks by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,766,557 shares of the network equipment provider’s stock worth $76,883,000 after buying an additional 34,070 shares during the period. Shell Asset Management Co. grew its position in shares of Juniper Networks by 86.5% in the 3rd quarter. Shell Asset Management Co. now owns 36,956 shares of the network equipment provider’s stock worth $1,027,000 after buying an additional 17,145 shares during the period. Finally, Van ECK Associates Corp grew its position in shares of Juniper Networks by 9.6% in the 3rd quarter. Van ECK Associates Corp now owns 8,201 shares of the network equipment provider’s stock worth $228,000 after buying an additional 716 shares during the period. 91.95% of the stock is owned by hedge funds and other institutional investors.

Juniper Networks Price Performance

JNPR opened at $35.55 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.27 and a current ratio of 1.74. The stock has a market capitalization of $11.55 billion, a P/E ratio of 51.52, a P/E/G ratio of 9.23 and a beta of 0.96. The company’s 50-day simple moving average is $35.50 and its two-hundred day simple moving average is $34.49. Juniper Networks, Inc. has a 52-week low of $24.87 and a 52-week high of $38.04.

Juniper Networks (NYSE:JNPRGet Free Report) last posted its earnings results on Thursday, April 25th. The network equipment provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.09). The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.23 billion. Juniper Networks had a net margin of 4.19% and a return on equity of 10.02%. As a group, analysts predict that Juniper Networks, Inc. will post 1.08 EPS for the current year.

Juniper Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 3rd will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Monday, June 3rd. Juniper Networks’s dividend payout ratio (DPR) is presently 127.54%.

Insider Transactions at Juniper Networks

In other 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 value of $205,868.30. Following the transaction, the chief executive officer now owns 1,003,429 shares in the company, valued at approximately $37,187,078.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Juniper Networks news, CEO Rami Rahim sold 5,555 shares of Juniper Networks 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kenneth Bradley Miller sold 15,000 shares of Juniper Networks stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $34.47, for a total transaction of $517,050.00. Following the transaction, the chief financial officer now directly owns 69,435 shares in the company, valued at approximately $2,393,424.45. The disclosure for this sale can be found here. Insiders have sold 48,330 shares of company stock worth $1,708,320 in the last quarter. Company insiders own 1.28% of the company’s stock.

Wall Street Analysts Forecast Growth

JNPR has been the topic of a number of recent research reports. StockNews.com initiated coverage on shares of Juniper Networks in a research report on Tuesday. They issued a “hold” rating on the stock. Barclays increased their price objective on shares of Juniper Networks from $40.00 to $41.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a research report on Friday, April 26th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $34.55.

Check Out Our Latest Research Report on Juniper Networks

Juniper Networks Company Profile

(Free Report)

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.

See Also

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

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