Juniper Networks, Inc. (NYSE:JNPR) Shares Bought by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System boosted its holdings in shares of Juniper Networks, Inc. (NYSE:JNPRFree Report) by 1.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 375,297 shares of the network equipment provider’s stock after purchasing an additional 5,860 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Juniper Networks were worth $10,430,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of JNPR. Norges Bank purchased a new position in Juniper Networks during the fourth quarter worth approximately $95,829,000. BlackRock Inc. lifted its position in shares of Juniper Networks by 8.8% in the first quarter. BlackRock Inc. now owns 34,426,578 shares of the network equipment provider’s stock valued at $1,184,963,000 after acquiring an additional 2,776,885 shares in the last quarter. State Street Corp lifted its position in shares of Juniper Networks by 10.9% in the second quarter. State Street Corp now owns 16,412,994 shares of the network equipment provider’s stock valued at $514,219,000 after acquiring an additional 1,613,651 shares in the last quarter. Man Group plc lifted its position in shares of Juniper Networks by 227.6% in the fourth quarter. Man Group plc now owns 1,718,992 shares of the network equipment provider’s stock valued at $54,939,000 after acquiring an additional 1,194,259 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Juniper Networks by 144.6% in the first quarter. Deutsche Bank AG now owns 1,840,995 shares of the network equipment provider’s stock valued at $63,367,000 after acquiring an additional 1,088,393 shares in the last quarter. Hedge funds and other institutional investors own 87.79% of the company’s stock.

Juniper Networks Price Performance

NYSE:JNPR opened at $37.00 on Tuesday. Juniper Networks, Inc. has a 52 week low of $24.87 and a 52 week high of $38.04. 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 capitalization of $11.91 billion, a P/E ratio of 38.95, a P/E/G ratio of 7.36 and a beta of 0.99. The stock’s fifty day moving average is $33.30 and its two-hundred day moving average is $29.53.

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

Juniper Networks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 1st will be given a $0.22 dividend. The ex-dividend date is Thursday, February 29th. This represents a $0.88 dividend on an annualized basis and a yield of 2.38%. Juniper Networks’s dividend payout ratio is currently 92.63%.

Insider Activity at Juniper Networks

In related news, CFO Kenneth Bradley Miller sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $27.72, for a total value of $415,800.00. Following the sale, the chief financial officer now owns 30,000 shares in the company, valued at approximately $831,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Kenneth Bradley Miller sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $27.72, for a total value of $415,800.00. Following the sale, the chief financial officer now owns 30,000 shares in the company, valued at approximately $831,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Anne Delsanto sold 900 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $28.37, for a total value of $25,533.00. Following the completion of the sale, the director now owns 25,643 shares in the company, valued at approximately $727,491.91. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,732 shares of company stock worth $1,701,975. 1.29% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

JNPR has been the topic of several research reports. Needham & Company LLC restated a “hold” rating on shares of Juniper Networks in a research report on Wednesday, January 10th. KeyCorp restated a “sector weight” rating on shares of Juniper Networks in a research report on Thursday, January 11th. Jefferies Financial Group restated a “hold” rating and issued a $40.00 target price (up previously from $35.00) on shares of Juniper Networks in a research report on Thursday, January 11th. UBS Group decreased their target price on Juniper Networks from $34.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday, October 27th. Finally, Barclays reissued an “equal weight” rating on shares of Juniper Networks in a research note on Wednesday, January 10th. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Juniper Networks currently has a consensus rating of “Hold” and an average target price of $34.58.

View Our Latest 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.

Featured Stories

Want to see what other hedge funds are holding JNPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Juniper Networks, Inc. (NYSE:JNPRFree Report).

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

Receive News & Ratings for Juniper Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Juniper Networks and related companies with MarketBeat.com's FREE daily email newsletter.