State of New Jersey Common Pension Fund D Takes Position in Juniper Networks, Inc. (JNPR)

State of New Jersey Common Pension Fund D acquired a new position in shares of Juniper Networks, Inc. (NYSE:JNPR) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 180,000 shares of the network equipment provider’s stock, valued at approximately $4,844,000. State of New Jersey Common Pension Fund D owned 0.05% of Juniper Networks as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cambiar Investors LLC bought a new stake in shares of Juniper Networks in the fourth quarter valued at about $2,456,000. Sumitomo Life Insurance Co. raised its holdings in Juniper Networks by 2.5% in the fourth quarter. Sumitomo Life Insurance Co. now owns 55,849 shares of the network equipment provider’s stock worth $1,503,000 after purchasing an additional 1,347 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in Juniper Networks by 8.6% in the fourth quarter. IFM Investors Pty Ltd now owns 21,793 shares of the network equipment provider’s stock worth $586,000 after purchasing an additional 1,720 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Juniper Networks by 246.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 288,925 shares of the network equipment provider’s stock worth $7,775,000 after purchasing an additional 205,458 shares in the last quarter. Finally, Strs Ohio grew its stake in shares of Juniper Networks by 17.9% during the fourth quarter. Strs Ohio now owns 75,374 shares of the network equipment provider’s stock worth $2,028,000 after acquiring an additional 11,428 shares during the last quarter. 91.97% of the stock is owned by institutional investors.

NYSE JNPR opened at $26.73 on Thursday. Juniper Networks, Inc. has a one year low of $23.61 and a one year high of $30.80. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.49 and a quick ratio of 2.47. The firm has a market capitalization of $9.23 billion, a P/E ratio of 19.65, a PEG ratio of 3.17 and a beta of 0.82.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Tuesday, January 29th. The network equipment provider reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. Juniper Networks had a return on equity of 10.47% and a net margin of 12.20%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.22 billion. On average, sell-side analysts forecast that Juniper Networks, Inc. will post 1.37 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 1st will be paid a $0.19 dividend. The ex-dividend date is Thursday, February 28th. This is an increase from Juniper Networks’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.84%. Juniper Networks’s dividend payout ratio (DPR) is 52.94%.

In other Juniper Networks news, CEO Rami Rahim sold 10,700 shares of the stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $26.08, for a total value of $279,056.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Bikash Koley sold 7,101 shares of the stock in a transaction dated Wednesday, January 30th. The shares were sold at an average price of $25.00, for a total value of $177,525.00. Following the completion of the sale, the executive vice president now directly owns 49,709 shares in the company, valued at approximately $1,242,725. The disclosure for this sale can be found here. Insiders sold a total of 24,801 shares of company stock valued at $638,581 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

JNPR has been the topic of a number of recent research reports. BMO Capital Markets reiterated a “hold” rating and issued a $27.00 target price on shares of Juniper Networks in a research report on Tuesday, October 23rd. Credit Suisse Group set a $21.00 price objective on Juniper Networks and gave the stock a “sell” rating in a research report on Wednesday, January 16th. Citigroup upped their price objective on Juniper Networks from $29.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, November 12th. Oppenheimer set a $33.00 price objective on Juniper Networks and gave the stock a “buy” rating in a research report on Tuesday, October 23rd. Finally, Royal Bank of Canada upped their price objective on Juniper Networks to $29.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 24th. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $27.86.

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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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