Juniper Networks, Inc. (JNPR) Stake Lessened by Arizona State Retirement System

Arizona State Retirement System decreased its position in Juniper Networks, Inc. (NYSE:JNPR) by 18.9% during the 4th quarter, Holdings Channel reports. The firm owned 207,517 shares of the network equipment provider’s stock after selling 48,495 shares during the period. Arizona State Retirement System’s holdings in Juniper Networks were worth $5,914,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Janus Henderson Group PLC grew its holdings in shares of Juniper Networks by 33.6% in the third quarter. Janus Henderson Group PLC now owns 96,800 shares of the network equipment provider’s stock worth $2,694,000 after purchasing an additional 24,348 shares during the last quarter. Regentatlantic Capital LLC boosted its holdings in Juniper Networks by 144.0% in the third quarter. Regentatlantic Capital LLC now owns 27,584 shares of the network equipment provider’s stock valued at $768,000 after acquiring an additional 16,280 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Juniper Networks by 17.5% in the third quarter. Prudential Financial Inc. now owns 3,965,653 shares of the network equipment provider’s stock valued at $110,364,000 after acquiring an additional 591,348 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its holdings in Juniper Networks by 23.9% in the third quarter. Candriam Luxembourg S.C.A. now owns 1,135,469 shares of the network equipment provider’s stock valued at $31,600,000 after acquiring an additional 219,275 shares in the last quarter. Finally, Boston Advisors LLC boosted its holdings in Juniper Networks by 14.1% in the third quarter. Boston Advisors LLC now owns 389,130 shares of the network equipment provider’s stock valued at $10,829,000 after acquiring an additional 48,110 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Juniper Networks, Inc. (NYSE:JNPR) opened at $26.03 on Friday. The company has a current ratio of 2.41, a quick ratio of 2.70 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $9,760.00, a price-to-earnings ratio of 32.14, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89. Juniper Networks, Inc. has a 52-week low of $23.87 and a 52-week high of $30.96.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results on Tuesday, January 30th. The network equipment provider reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.01. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. Juniper Networks had a return on equity of 13.34% and a net margin of 6.26%. Juniper Networks’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 EPS. equities research analysts forecast that Juniper Networks, Inc. will post 1.34 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 1st will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Wednesday, February 28th. This is a positive change from Juniper Networks’s previous quarterly dividend of $0.10. Juniper Networks’s payout ratio is currently 49.38%.

Juniper Networks declared that its board has initiated a stock repurchase program on Tuesday, January 30th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the network equipment provider to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

JNPR has been the topic of several recent analyst reports. Deutsche Bank reiterated a “sell” rating and issued a $20.00 price target on shares of Juniper Networks in a report on Friday, January 5th. Stifel Nicolaus initiated coverage on shares of Juniper Networks in a report on Thursday, December 14th. They issued a “hold” rating and a $28.00 price target on the stock. MKM Partners lifted their price target on shares of Juniper Networks to $31.00 and gave the company a “neutral” rating in a report on Friday, January 26th. UBS Group upgraded shares of Juniper Networks from a “market perform” rating to an “outperform” rating in a report on Monday, January 22nd. Finally, ValuEngine upgraded shares of Juniper Networks from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. Five equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $28.61.

In other news, EVP Vincent Molinaro sold 7,647 shares of Juniper Networks stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $26.21, for a total value of $200,427.87. Following the completion of the transaction, the executive vice president now owns 17,989 shares of the company’s stock, valued at approximately $471,491.69. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Terrance F. Spidell sold 8,409 shares of Juniper Networks stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $26.47, for a total value of $222,586.23. Following the completion of the transaction, the vice president now directly owns 3,944 shares of the company’s stock, valued at approximately $104,397.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,713 shares of company stock valued at $440,221. 2.60% of the stock is owned by insiders.

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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.

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

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