Strs Ohio reduces stake in Juniper Networks, Inc. (NYSE:JNPR)

Strs Ohio has sold its interest in shares of Juniper Networks, Inc. (NYSE:JNPR – Free Report) fell 3.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 47,926 shares of the networking equipment supplier, after selling 1,846 shares during the period. Strs Ohio’s holdings in Juniper Networks were worth $1,412,000 at the time of the most recent SEC filing.

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

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 12. The shares sold at an average price of $37.00, for a total transaction of $3,645,610.00. Following the sale, the Chief Operating Officer now directly owns 73,684 shares of the company’s stock, valued at approximately $2,726,308. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC’s website. In other Juniper Networks news, COO Manoj Leelanivas sold 98,530 shares of the stock in a transaction dated Monday, February 12. The shares sold at an average price of $37.00, for a total transaction of $3,645,610.00. Following the sale, the Chief Operating Officer now directly owns 73,684 shares of the company’s stock, valued at approximately $2,726,308. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC’s website. CEO Rami Rahim also sold 5,556 shares in a transaction dated Wednesday, February 7. The stock sold at an average price of $37.10, for a total value of $206,127.60. Following the sale, the CEO now directly owns 829,406 shares in the company, valued at $30,770,962.60. The explanation of this sale can be found here. In the last three months, insiders have sold 216,302 shares of the company’s stock, valued at $8,005,602. Company insiders own 1.29% of the company’s shares.

Juniper Networks Stock Performance

JNPR shares opened at $36.06 on Monday. The company has a market cap of $11.70 billion, a price-to-earnings ratio of 37.96, a price-to-earnings growth ratio of 7.38, and a beta of 0.98. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.80 and a quick ratio of 1.35. The company has a fifty-day moving average of $36.95 and a 200-day moving average of $32.56. Juniper Networks, Inc. has a 1-year low of $24.87 and a 1-year high of $38.04.

Juniper Networks (NYSE:JNPR – Get Free Report) last reported its quarterly results on Tuesday, January 30. The networking equipment supplier reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.44 by ($0.01). The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.41 billion. Juniper Networks had a return on equity of 11.72% and a net margin of 5.57%. As a group, research analysts expect Juniper Networks, Inc. will post earnings per share of 1.37 for the current year.

Juniper Networks announces dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22. Shareholders of record on Friday, March 1st received a dividend of $0.22 per share. This represents a dividend of $0.88 annually and a yield of 2.44%. The ex-dividend date of this dividend was Thursday, February 29. Juniper Networks’ dividend payout ratio currently stands at 92.63%.

Analysts set new price targets

A number of analysts have expressed their opinions on JNPR stock. Barclays reiterated an “equalweight” rating on shares of Juniper Networks in a report on Wednesday, January 10. Morgan Stanley upgraded Juniper Networks from an “underweight” rating to an “equalweight” rating and set a $40.00 price objective for the company in a report on Thursday, January 11th. Rosenblatt Securities raised their price objective on Juniper Networks from $31.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, January 10. KeyCorp reiterated a “sector weight” rating on shares of Juniper Networks in a report on Thursday, January 11. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Juniper Networks in a report on Wednesday, January 10. 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, the company currently has a consensus rating of ‘Hold’ and a consensus target price of $34.27.

Check out our latest research report on Juniper Networks

Juniper Networks profile

(Free report)

Juniper Networks, Inc designs, develops and sells networking 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; SDN controllers for a wide network; and session smart routers.

Insiders place their bets

Juniper Networks Stock Performance

Juniper Networks announces dividend

Analysts set new price targets

Juniper Networks profile

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