New York State Teachers Retirement System Has $13.97 Million Stake in Juniper Networks, Inc. (JNPR)

New York State Teachers Retirement System trimmed its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 519,282 shares of the network equipment provider’s stock after selling 32,777 shares during the period. New York State Teachers Retirement System’s holdings in Juniper Networks were worth $13,974,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. CKW Financial Group raised its position in Juniper Networks by 33.3% during the fourth quarter. CKW Financial Group now owns 2,000 shares of the network equipment provider’s stock valued at $54,000 after buying an additional 500 shares during the period. Sumitomo Life Insurance Co. raised its position in Juniper Networks by 2.5% during the fourth quarter. Sumitomo Life Insurance Co. now owns 55,849 shares of the network equipment provider’s stock valued at $1,503,000 after buying an additional 1,347 shares during the period. PNC Financial Services Group Inc. raised its position in Juniper Networks by 4.4% during the third quarter. PNC Financial Services Group Inc. now owns 40,820 shares of the network equipment provider’s stock valued at $1,223,000 after buying an additional 1,715 shares during the period. IFM Investors Pty Ltd raised its position in Juniper Networks by 8.6% during the fourth quarter. IFM Investors Pty Ltd now owns 21,793 shares of the network equipment provider’s stock valued at $586,000 after buying an additional 1,720 shares during the period. Finally, Penserra Capital Management LLC raised its position in Juniper Networks by 16.5% during the third quarter. Penserra Capital Management LLC now owns 14,444 shares of the network equipment provider’s stock valued at $432,000 after buying an additional 2,041 shares during the period. 90.83% of the stock is owned by institutional investors and hedge funds.

JNPR has been the topic of several recent analyst reports. Zacks Investment Research raised Juniper Networks from a “hold” rating to a “strong-buy” rating and set a $33.00 price target on the stock in a research report on Friday, October 26th. Credit Suisse Group set a $21.00 target price on Juniper Networks and gave the stock a “sell” rating in a research report on Wednesday, November 14th. Oppenheimer set a $33.00 target price on Juniper Networks and gave the stock a “buy” rating in a research report on Tuesday, October 23rd. Citigroup upped their target price on Juniper Networks from $29.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, November 12th. Finally, Piper Jaffray Companies set a $29.00 target price on Juniper Networks and gave the stock a “hold” rating in a research report on Wednesday, October 24th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. Juniper Networks has an average rating of “Hold” and a consensus price target of $27.86.

In other news, Director William Stensrud sold 10,000 shares of the company’s stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $30.42, for a total transaction of $304,200.00. Following the completion of the sale, the director now owns 5,531 shares in the company, valued at approximately $168,253.02. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Bikash Koley sold 7,101 shares of the company’s stock in a transaction dated Wednesday, January 30th. The stock was sold at an average price of $25.00, for a total value of $177,525.00. Following the sale, the executive vice president now owns 49,709 shares of the company’s stock, valued at approximately $1,242,725. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,901 shares of company stock valued at $807,993. 1.40% of the stock is currently owned by corporate insiders.

Shares of JNPR stock opened at $25.81 on Friday. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.38. Juniper Networks, Inc. has a fifty-two week low of $23.61 and a fifty-two week high of $30.80. The stock has a market capitalization of $8.91 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 2.90 and a beta of 0.82.

Juniper Networks (NYSE:JNPR) last issued its earnings results on Tuesday, January 29th. The network equipment provider reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. Juniper Networks had a return on equity of 10.68% and a net margin of 12.20%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.22 billion. Equities research analysts expect that Juniper Networks, Inc. will post 1.37 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 1st will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Thursday, February 28th. This is an increase from Juniper Networks’s previous quarterly dividend of $0.18. Juniper Networks’s dividend payout ratio is 52.94%.

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About Juniper Networks

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.

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

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