Advisor Partners LLC purchased a new stake in Juniper Networks, Inc. (NYSE:JNPR) during the 3rd quarter, Holdings Channel reports. The firm purchased 7,555 shares of the network equipment provider’s stock, valued at approximately $226,000.

Other hedge funds have also modified their holdings of the company. Piedmont Investment Advisors LLC acquired a new stake in Juniper Networks in the 2nd quarter valued at $112,000. Whittier Trust Co. increased its stake in shares of Juniper Networks by 794.3% during the 2nd quarter. Whittier Trust Co. now owns 6,600 shares of the network equipment provider’s stock worth $162,000 after purchasing an additional 5,862 shares during the last quarter. Everence Capital Management Inc. acquired a new position in shares of Juniper Networks during the 2nd quarter worth about $225,000. Tower Research Capital LLC TRC increased its stake in shares of Juniper Networks by 86.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,486 shares of the network equipment provider’s stock worth $260,000 after purchasing an additional 4,386 shares during the last quarter. Finally, LMR Partners LLP acquired a new position in shares of Juniper Networks during the 2nd quarter worth about $287,000. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Shares of JNPR opened at $28.32 on Friday. Juniper Networks, Inc. has a 52 week low of $23.61 and a 52 week high of $30.80. The stock has a market capitalization of $9.80 billion, a P/E ratio of 16.37, a P/E/G ratio of 4.03 and a beta of 0.88. 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 (NYSE:JNPR) last announced its quarterly earnings results on Tuesday, October 23rd. The network equipment provider reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.10. Juniper Networks had a net margin of 4.82% and a return on equity of 10.42%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the business earned $0.55 EPS. Juniper Networks’s quarterly revenue was down 6.2% on a year-over-year basis. Equities analysts expect that Juniper Networks, Inc. will post 1.32 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 26th. Investors of record on Wednesday, December 5th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $0.72 dividend on an annualized basis and a yield of 2.54%. Juniper Networks’s dividend payout ratio (DPR) is currently 41.62%.

Several research analysts have recently weighed in on JNPR shares. Credit Suisse Group set a $21.00 price objective on shares of Juniper Networks and gave the stock a “sell” rating in a research note on Wednesday, July 25th. BMO Capital Markets lowered shares of Juniper Networks from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $30.00 to $27.00 in a research note on Friday, July 27th. Piper Jaffray Companies boosted their price objective on shares of Juniper Networks from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday, July 27th. Rosenblatt Securities restated a “sell” rating and set a $24.00 price objective on shares of Juniper Networks in a research note on Saturday, July 28th. Finally, Deutsche Bank upgraded shares of Juniper Networks from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $25.00 to $32.00 in a research note on Monday, July 30th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $28.10.

In related news, CEO Rami Rahim sold 5,400 shares of the company’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $30.44, for a total value of $164,376.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William Stensrud sold 20,000 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $28.20, for a total transaction of $564,000.00. Following the completion of the transaction, the director now owns 5,531 shares in the company, valued at approximately $155,974.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 153,839 shares of company stock worth $4,551,726. 1.40% of the stock is owned by company insiders.

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Juniper Networks Company Profile

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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