Commonwealth of Pennsylvania Public School Empls Retrmt SYS Lowers Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 27.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 70,399 shares of the network equipment provider's stock after selling 26,257 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Juniper Networks were worth $2,636,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Natixis Advisors LLC boosted its holdings in shares of Juniper Networks by 38.6% during the third quarter. Natixis Advisors LLC now owns 27,799 shares of the network equipment provider's stock worth $1,084,000 after purchasing an additional 7,745 shares during the period. Pathstone Holdings LLC lifted its holdings in Juniper Networks by 2.9% in the 3rd quarter. Pathstone Holdings LLC now owns 38,488 shares of the network equipment provider's stock worth $1,500,000 after buying an additional 1,093 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Juniper Networks by 7.5% during the third quarter. PNC Financial Services Group Inc. now owns 44,857 shares of the network equipment provider's stock valued at $1,749,000 after buying an additional 3,141 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Juniper Networks by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,957,317 shares of the network equipment provider's stock valued at $115,276,000 after acquiring an additional 33,016 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in Juniper Networks by 80.2% in the third quarter. Cerity Partners LLC now owns 17,324 shares of the network equipment provider's stock worth $675,000 after acquiring an additional 7,709 shares during the period. Hedge funds and other institutional investors own 91.95% of the company's stock.

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Insider Transactions at Juniper Networks

In related news, COO Manoj Leelanivas sold 30,978 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $36.02, for a total value of $1,115,827.56. Following the transaction, the chief operating officer now owns 94,771 shares of the company's stock, valued at approximately $3,413,651.42. This trade represents a 24.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Evercore ISI raised shares of Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 price objective on the stock in a research report on Tuesday, February 4th. Barclays boosted their price target on shares of Juniper Networks from $37.00 to $39.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 5th. Argus lowered shares of Juniper Networks from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Finally, StockNews.com upgraded Juniper Networks from a "buy" rating to a "strong-buy" rating in a report on Thursday, March 20th. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $39.80.

Juniper Networks Stock Up 0.0 %

Shares of Juniper Networks stock traded up $0.01 on Tuesday, reaching $36.11. The company's stock had a trading volume of 1,505,578 shares, compared to its average volume of 3,118,161. The company has a quick ratio of 1.14, a current ratio of 1.46 and a debt-to-equity ratio of 0.25. Juniper Networks, Inc. has a 52 week low of $33.72 and a 52 week high of $39.79. The company has a market capitalization of $12.03 billion, a price-to-earnings ratio of 41.99, a P/E/G ratio of 2.20 and a beta of 0.86. The firm's fifty day simple moving average is $36.46 and its two-hundred day simple moving average is $37.46.

Juniper Networks (NYSE:JNPR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The network equipment provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by ($0.13). Juniper Networks had a net margin of 5.67% and a return on equity of 7.57%. Equities analysts anticipate that Juniper Networks, Inc. will post 1.33 earnings per share for the current year.

Juniper Networks Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.22 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.88 annualized dividend and a dividend yield of 2.44%. Juniper Networks's payout ratio is 102.33%.

About Juniper Networks

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.