Advisor Group Inc. decreased its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 11.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,713 shares of the network equipment provider’s stock after selling 983 shares during the quarter. Advisor Group Inc.’s holdings in Juniper Networks were worth $216,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Creative Planning grew its position in shares of Juniper Networks by 0.4% during the 2nd quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock worth $131,000 after buying an additional 21 shares during the period. D.A. Davidson & CO. grew its position in shares of Juniper Networks by 0.3% during the 2nd quarter. D.A. Davidson & CO. now owns 8,348 shares of the network equipment provider’s stock worth $232,000 after buying an additional 24 shares during the period. Contravisory Investment Management Inc. grew its position in shares of Juniper Networks by 0.6% during the 2nd quarter. Contravisory Investment Management Inc. now owns 9,629 shares of the network equipment provider’s stock worth $268,000 after buying an additional 60 shares during the period. Cadence Capital Management LLC grew its position in shares of Juniper Networks by 0.5% during the 2nd quarter. Cadence Capital Management LLC now owns 12,930 shares of the network equipment provider’s stock worth $360,000 after buying an additional 63 shares during the period. Finally, CIBC Asset Management Inc grew its position in shares of Juniper Networks by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 43,173 shares of the network equipment provider’s stock worth $1,204,000 after buying an additional 121 shares during the period. 90.14% of the stock is owned by institutional investors.

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Shares of Juniper Networks, Inc. (NYSE:JNPR) opened at 26.11 on Wednesday. Juniper Networks, Inc. has a 12 month low of $22.41 and a 12 month high of $30.96. The company has a market cap of $9.93 billion, a P/E ratio of 15.63 and a beta of 1.09. The stock’s 50 day moving average price is $27.56 and its 200-day moving average price is $28.45.

Juniper Networks (NYSE:JNPR) last released its earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.03. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the business posted $0.50 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. Equities research analysts expect that Juniper Networks, Inc. will post $2.17 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 1st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend was Wednesday, August 30th. Juniper Networks’s dividend payout ratio is currently 23.39%.

In related news, VP Terrance F. Spidell sold 3,313 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $27.69, for a total transaction of $91,736.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rami Rahim sold 5,400 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $27.34, for a total value of $147,636.00. Following the transaction, the chief executive officer now owns 469,607 shares of the company’s stock, valued at approximately $12,839,055.38. The disclosure for this sale can be found here. Insiders have sold 35,044 shares of company stock valued at $974,774 in the last quarter. 2.60% of the stock is currently owned by company insiders.

A number of equities analysts recently issued reports on JNPR shares. TheStreet upgraded Juniper Networks from a “c+” rating to a “b” rating in a report on Monday, July 24th. Zacks Investment Research upgraded Juniper Networks from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Friday, July 28th. Berenberg Bank reiterated a “buy” rating and issued a $35.00 target price on shares of Juniper Networks in a report on Thursday, July 27th. Drexel Hamilton reiterated a “buy” rating and issued a $37.00 target price on shares of Juniper Networks in a report on Thursday, July 20th. Finally, Instinet reiterated a “buy” rating and issued a $33.00 target price on shares of Juniper Networks in a report on Tuesday, July 4th. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Juniper Networks has an average rating of “Hold” and a consensus target price of $30.39.

About Juniper Networks

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.

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

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