California State Teachers Retirement System Acquires 2,540 Shares of Juniper Networks, Inc. (NYSE:JNPR)

California State Teachers Retirement System grew its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 0.4% during the third quarter, HoldingsChannel.com reports. The firm owned 624,843 shares of the network equipment provider’s stock after acquiring an additional 2,540 shares during the quarter. California State Teachers Retirement System’s holdings in Juniper Networks were worth $15,465,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. NEXT Financial Group Inc bought a new position in Juniper Networks during the second quarter valued at $27,000. Signaturefd LLC raised its holdings in shares of Juniper Networks by 160.8% during the 2nd quarter. Signaturefd LLC now owns 1,356 shares of the network equipment provider’s stock worth $36,000 after acquiring an additional 836 shares during the period. CSat Investment Advisory L.P. raised its holdings in shares of Juniper Networks by 33.7% during the 2nd quarter. CSat Investment Advisory L.P. now owns 1,679 shares of the network equipment provider’s stock worth $45,000 after acquiring an additional 423 shares during the period. Private Ocean LLC acquired a new position in shares of Juniper Networks during the 3rd quarter valued at about $50,000. Finally, CKW Financial Group boosted its position in shares of Juniper Networks by 20.0% during the 2nd quarter. CKW Financial Group now owns 2,400 shares of the network equipment provider’s stock valued at $64,000 after acquiring an additional 400 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on JNPR shares. Oppenheimer set a $29.00 price objective on shares of Juniper Networks and gave the stock a “buy” rating in a research report on Friday, October 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $29.00 target price on shares of Juniper Networks in a research note on Friday, October 25th. Barclays began coverage on shares of Juniper Networks in a report on Wednesday, August 7th. They issued an “equal weight” rating and a $27.00 target price on the stock. Raymond James set a $29.00 price target on shares of Juniper Networks and gave the company a “buy” rating in a research note on Friday, September 6th. Finally, ValuEngine downgraded shares of Juniper Networks from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $25.86.

Shares of JNPR opened at $24.78 on Tuesday. The company’s 50-day moving average price is $25.03 and its 200 day moving average price is $25.25. Juniper Networks, Inc. has a 12-month low of $22.42 and a 12-month high of $29.32. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.40. The firm has a market cap of $8.39 billion, a P/E ratio of 19.28, a price-to-earnings-growth ratio of 3.49 and a beta of 0.98.

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Juniper Networks (NYSE:JNPR) last announced its earnings results on Thursday, October 24th. The network equipment provider reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Juniper Networks had a net margin of 8.35% and a return on equity of 9.54%. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the firm posted $0.54 earnings per share. Juniper Networks’s revenue was down 4.0% compared to the same quarter last year. Equities research analysts forecast that Juniper Networks, Inc. will post 1.23 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be issued a $0.19 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.76 annualized dividend and a dividend yield of 3.07%. Juniper Networks’s dividend payout ratio is currently 55.88%.

Juniper Networks declared that its board has authorized a stock repurchase plan on Thursday, October 24th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the network equipment provider to repurchase up to 11.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

In other news, CEO Rami Rahim sold 2,100 shares of Juniper Networks stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $26.00, for a total value of $54,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bikash Koley sold 32,059 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $24.74, for a total value of $793,139.66. Following the completion of the sale, the executive vice president now owns 59,375 shares in the company, valued at approximately $1,468,937.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,313 shares of company stock worth $2,541,791. Company insiders own 1.10% of the company’s stock.

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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