Teachers Retirement System of The State of Kentucky decreased its stake in shares of Juniper Networks, Inc. (NYSE:JNPR – Get Rating) by 4.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,930 shares of the network equipment provider's stock after selling 998 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Juniper Networks were worth $852,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of JNPR. CVA Family Office LLC boosted its position in Juniper Networks by 72.8% in the first quarter. CVA Family Office LLC now owns 700 shares of the network equipment provider's stock worth $26,000 after purchasing an additional 295 shares during the last quarter. Spire Wealth Management boosted its position in Juniper Networks by 16.5% in the first quarter. Spire Wealth Management now owns 2,219 shares of the network equipment provider's stock worth $82,000 after purchasing an additional 314 shares during the last quarter. CIBC Asset Management Inc boosted its position in Juniper Networks by 1.0% in the first quarter. CIBC Asset Management Inc now owns 31,101 shares of the network equipment provider's stock worth $1,156,000 after purchasing an additional 315 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its position in Juniper Networks by 1.1% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 38,392 shares of the network equipment provider's stock worth $1,371,000 after purchasing an additional 420 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its position in Juniper Networks by 1.1% in the first quarter. Mutual of America Capital Management LLC now owns 43,409 shares of the network equipment provider's stock worth $1,613,000 after purchasing an additional 461 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company's stock.
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Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on JNPR shares. JPMorgan Chase & Co. raised Juniper Networks from a "neutral" rating to an "overweight" rating and dropped their price target for the company from $37.00 to $36.00 in a research report on Thursday, July 14th. Credit Suisse Group dropped their price target on Juniper Networks from $28.00 to $27.00 and set an "underperform" rating on the stock in a research report on Wednesday, July 27th. Piper Sandler cut Juniper Networks from a "neutral" rating to an "underweight" rating and dropped their price target for the company from $34.00 to $27.00 in a research report on Wednesday, July 13th. Evercore ISI dropped their price target on Juniper Networks from $35.00 to $33.00 and set an "in-line" rating on the stock in a research report on Tuesday, June 28th. Finally, UBS Group dropped their price target on Juniper Networks from $34.00 to $31.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 27th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $33.41.
Insider Transactions at Juniper Networks
In other news, CEO Rami Rahim sold 6,250 shares of the company's stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $28.03, for a total value of $175,187.50. Following the completion of the transaction, the chief executive officer now directly owns 838,735 shares in the company, valued at approximately $23,509,742.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through
the SEC website. In the last three months, insiders sold 25,000 shares of company stock worth $702,313. 1.30% of the stock is currently owned by corporate insiders.
Juniper Networks Price Performance
Shares of NYSE JNPR opened at $26.38 on Friday. The stock's 50-day simple moving average is $28.37 and its two-hundred day simple moving average is $30.64. Juniper Networks, Inc. has a twelve month low of $26.00 and a twelve month high of $38.14. The company has a quick ratio of 1.37, a current ratio of 1.58 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $8.51 billion, a P/E ratio of 22.17, a P/E/G ratio of 1.85 and a beta of 0.86.
Juniper Networks Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 22nd. Stockholders of record on Thursday, September 1st were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend was Wednesday, August 31st. Juniper Networks's payout ratio is currently 70.59%.
Juniper Networks Company Profile
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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.
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