Teacher Retirement System of Texas Sells 62,671 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Teacher Retirement System of Texas lowered its stake in Juniper Networks, Inc. (NYSE:JNPR – Get Rating) by 33.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,853 shares of the network equipment provider’s stock after selling 62,671 shares during the quarter. Teacher Retirement System of Texas’ holdings in Juniper Networks were worth $3,313,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of JNPR. Keene & Associates Inc. raised its position in Juniper Networks by 3.1% in the 3rd quarter. Keene & Associates Inc. now owns 11,545 shares of the network equipment provider’s stock valued at $302,000 after buying an additional 350 shares during the last quarter. Meeder Asset Management Inc. grew its position in Juniper Networks by 3.1% in the 2nd quarter. Meeder Asset Management Inc. now owns 13,724 shares of the network equipment provider’s stock worth $391,000 after purchasing an additional 409 shares in the last quarter. Convergence Investment Partners LLC lifted its position in shares of Juniper Networks by 1.1% during the 2nd quarter. Convergence Investment Partners LLC now owns 38,051 shares of the network equipment provider’s stock worth $1,084,000 after buying an additional 411 shares in the last quarter. Janiczek Wealth Management LLC boosted its stake in shares of Juniper Networks by 18.9% in the 3rd quarter. Janiczek Wealth Management LLC now owns 2,962 shares of the network equipment provider’s stock worth $78,000 after buying an additional 471 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of Juniper Networks by 18.5% in the third quarter. Rockefeller Capital Management L.P. now owns 3,093 shares of the network equipment provider’s stock valued at $80,000 after acquiring an additional 482 shares in the last quarter. Institutional investors own 89.22% of the company’s stock.

Analyst Upgrades and Downgrades

JNPR has been the subject of several recent analyst reports. Piper Sandler upped their target price on Juniper Networks from $31.00 to $32.00 in a report on Tuesday, January 17th. Credit Suisse Group boosted their target price on shares of Juniper Networks from $27.00 to $29.00 and gave the company an “underperform” rating in a research note on Wednesday, October 26th. Wells Fargo & Company increased their target price on shares of Juniper Networks from $32.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 26th. StockNews.com began coverage on shares of Juniper Networks in a research report on Wednesday, October 12th. They set a “buy” rating for the company. Finally, Raymond James increased their target price on shares of Juniper Networks from $37.00 to $38.00 and gave the company a “strong-buy” rating in a research report on Wednesday, October 26th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $34.13.

Insider Activity

In other news, Director Scott Kriens sold 140,000 shares of the firm’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $30.42, for a total transaction of $4,258,800.00. Following the sale, the director now owns 1,860,000 shares in the company, valued at approximately $56,581,200. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Scott Kriens sold 140,000 shares of Juniper Networks stock in a transaction on Friday, October 28th. The shares were sold at an average price of $30.42, for a total value of $4,258,800.00. Following the transaction, the director now owns 1,860,000 shares in the company, valued at approximately $56,581,200. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Anne Delsanto sold 900 shares of Juniper Networks stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $32.24, for a total transaction of $29,016.00. Following the completion of the transaction, the director now owns 17,675 shares in the company, valued at approximately $569,842. The disclosure for this sale can be found here. In the last quarter, insiders have sold 170,186 shares of company stock worth $5,204,575. 1.30% of the stock is currently owned by corporate insiders.

Juniper Networks Stock Performance

NYSE JNPR opened at $32.01 on Wednesday. Juniper Networks, Inc. has a 1 year low of $25.18 and a 1 year high of $38.14. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.69 and a quick ratio of 1.42. The stock has a market capitalization of $10.39 billion, a PE ratio of 24.81, a P/E/G ratio of 2.33 and a beta of 0.91. The company’s 50 day simple moving average is $31.96 and its two-hundred day simple moving average is $29.61.

Juniper Networks (NYSE:JNPR – Get Rating) last posted its earnings results on Tuesday, October 25th. The network equipment provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.07. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Juniper Networks had a net margin of 8.22% and a return on equity of 10.11%. Analysts predict that Juniper Networks, Inc. will post 1.42 earnings per share for the current fiscal year.

Juniper Networks Company Profile

(Get Rating)

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.