TIAA CREF Investment Management LLC lifted its stake in Juniper Networks, Inc. (NYSE:JNPR) by 3.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,411,352 shares of the network equipment provider’s stock after purchasing an additional 90,714 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.63% of Juniper Networks worth $67,228,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in JNPR. Creative Planning boosted its holdings in shares of Juniper Networks by 0.4% in the 2nd quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock worth $131,000 after purchasing an additional 21 shares during the period. Menta Capital LLC purchased a new position in shares of Juniper Networks in the 1st quarter worth approximately $205,000. River Wealth Advisors LLC purchased a new position in shares of Juniper Networks in the 2nd quarter worth approximately $206,000. Synovus Financial Corp boosted its holdings in shares of Juniper Networks by 1.9% in the 2nd quarter. Synovus Financial Corp now owns 7,462 shares of the network equipment provider’s stock worth $208,000 after purchasing an additional 139 shares during the period. Finally, Cipher Capital LP purchased a new position in shares of Juniper Networks in the 1st quarter worth approximately $214,000. Hedge funds and other institutional investors own 90.14% of the company’s stock.
JNPR has been the subject of a number of recent research reports. ValuEngine upgraded Juniper Networks from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Pacific Crest assumed coverage on Juniper Networks in a research note on Monday, June 5th. They set a “sector weight” rating and a $31.00 price target for the company. KeyCorp assumed coverage on Juniper Networks in a research note on Monday, June 5th. They set a “hold” rating and a $31.00 price target for the company. TheStreet lowered Juniper Networks from a “b” rating to a “c+” rating in a research note on Thursday, June 29th. Finally, Instinet reissued a “buy” rating and set a $33.00 price target on shares of Juniper Networks in a research note on Tuesday, July 4th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. Juniper Networks has a consensus rating of “Hold” and a consensus price target of $30.94.
In other news, CEO Rami Rahim sold 16,000 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $27.43, for a total value of $438,880.00. Following the sale, the chief executive officer now directly owns 469,607 shares in the company, valued at $12,881,320.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Terrance F. Spidell sold 3,313 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $27.69, for a total value of $91,736.97. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,044 shares of company stock worth $974,774. Insiders own 3.40% of the company’s stock.
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Juniper Networks, Inc. (NYSE:JNPR) opened at 27.80 on Monday. The stock has a market capitalization of $10.57 billion, a P/E ratio of 16.64 and a beta of 1.08. The company’s 50-day moving average price is $27.62 and its 200 day moving average price is $28.50. Juniper Networks, Inc. has a 52 week low of $22.40 and a 52 week high of $30.96.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the firm earned $0.50 earnings per share. Equities research analysts expect that Juniper Networks, Inc. will post $2.24 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Wednesday, August 30th. Juniper Networks’s payout ratio is currently 23.39%.
Juniper Networks Profile
Juniper Networks, Inc designs, develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa, and Asia Pacific.
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