Candriam Luxembourg S.C.A. decreased its position in Juniper Networks, Inc. (NYSE:JNPR) by 30.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,642 shares of the network equipment provider’s stock after selling 9,956 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Juniper Networks were worth $518,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JNPR. Quadrant Capital Group LLC grew its stake in shares of Juniper Networks by 89.7% in the 4th quarter. Quadrant Capital Group LLC now owns 1,472 shares of the network equipment provider’s stock worth $33,000 after acquiring an additional 696 shares in the last quarter. Ellevest Inc. purchased a new position in shares of Juniper Networks in the 1st quarter worth about $41,000. CSat Investment Advisory L.P. boosted its holdings in shares of Juniper Networks by 20.4% in the 1st quarter. CSat Investment Advisory L.P. now owns 2,941 shares of the network equipment provider’s stock worth $57,000 after buying an additional 498 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Juniper Networks by 47.3% in the 1st quarter. Fifth Third Bancorp now owns 3,343 shares of the network equipment provider’s stock worth $64,000 after buying an additional 1,074 shares during the last quarter. Finally, Cognios Capital LLC purchased a new position in shares of Juniper Networks in the 1st quarter worth about $98,000. Hedge funds and other institutional investors own 89.47% of the company’s stock.

A number of brokerages recently weighed in on JNPR. Raymond James boosted their price target on shares of Juniper Networks from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. boosted their price target on shares of Juniper Networks from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday. MKM Partners cut their price target on shares of Juniper Networks from $27.50 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. Morgan Stanley boosted their price target on shares of Juniper Networks from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Wednesday, April 29th. Finally, Rosenblatt Securities boosted their price target on shares of Juniper Networks from $25.00 to $26.50 and gave the stock a “neutral” rating in a report on Friday, July 24th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $24.89.

Shares of Juniper Networks stock opened at $25.38 on Friday. Juniper Networks, Inc. has a 12-month low of $15.20 and a 12-month high of $27.32. The company has a market cap of $8.41 billion, a price-to-earnings ratio of 24.88, a PEG ratio of 2.83 and a beta of 0.96. The company has a current ratio of 1.88, a quick ratio of 1.93 and a debt-to-equity ratio of 0.39. The company’s 50-day moving average price is $23.32 and its 200-day moving average price is $22.78.

Juniper Networks (NYSE:JNPR) last announced its quarterly earnings results on Tuesday, July 28th. The network equipment provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. Juniper Networks had a net margin of 7.89% and a return on equity of 8.71%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the firm posted $0.40 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, sell-side analysts predict that Juniper Networks, Inc. will post 1.1 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 1st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Monday, August 31st. Juniper Networks’s payout ratio is 66.12%.

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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