Canada Pension Plan Investment Board Has $49.06 Million Stake in Juniper Networks, Inc. (JNPR)

Canada Pension Plan Investment Board lifted its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 35.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,637,017 shares of the network equipment provider’s stock after buying an additional 432,200 shares during the period. Canada Pension Plan Investment Board owned approximately 0.47% of Juniper Networks worth $49,061,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Dean Capital Investments Management LLC acquired a new position in shares of Juniper Networks during the third quarter worth approximately $220,000. DekaBank Deutsche Girozentrale lifted its position in Juniper Networks by 7.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 48,038 shares of the network equipment provider’s stock worth $1,417,000 after purchasing an additional 3,432 shares during the period. American International Group Inc. lifted its position in Juniper Networks by 5.2% in the third quarter. American International Group Inc. now owns 132,956 shares of the network equipment provider’s stock worth $3,985,000 after purchasing an additional 6,564 shares during the period. Twin Tree Management LP acquired a new stake in Juniper Networks in the third quarter worth approximately $438,000. Finally, PNC Financial Services Group Inc. lifted its position in Juniper Networks by 4.4% in the third quarter. PNC Financial Services Group Inc. now owns 40,820 shares of the network equipment provider’s stock worth $1,223,000 after purchasing an additional 1,715 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

NYSE JNPR opened at $27.52 on Monday. The firm has a market capitalization of $9.50 billion, a price-to-earnings ratio of 15.91, a P/E/G ratio of 3.91 and a beta of 0.88. Juniper Networks, Inc. has a 1 year low of $23.61 and a 1 year high of $30.80. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.38.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results on Tuesday, October 23rd. The network equipment provider reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.10. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Juniper Networks had a return on equity of 10.42% and a net margin of 4.82%. The firm’s revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 earnings per share. As a group, analysts anticipate that Juniper Networks, Inc. will post 1.32 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 26th. Shareholders of record on Wednesday, December 5th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $0.72 annualized dividend and a dividend yield of 2.62%. Juniper Networks’s dividend payout ratio is currently 41.62%.

In other Juniper Networks news, CEO Rami Rahim sold 5,400 shares of the business’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of $29.98, for a total transaction of $161,892.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Anand Athreya sold 113,039 shares of the business’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $29.70, for a total transaction of $3,357,258.30. The disclosure for this sale can be found here. Insiders sold 133,839 shares of company stock worth $3,987,726 in the last ninety days. 2.60% of the stock is owned by corporate insiders.

A number of equities research analysts have weighed in on the company. Nomura upgraded Juniper Networks from a “neutral” rating to a “buy” rating and upped their target price for the stock from $28.00 to $34.00 in a research report on Wednesday, September 19th. Oppenheimer restated a “buy” rating on shares of Juniper Networks in a research report on Tuesday, August 7th. Zacks Investment Research upgraded Juniper Networks from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Tuesday, July 31st. Deutsche Bank upgraded Juniper Networks from a “hold” rating to a “buy” rating and upped their target price for the stock from $25.00 to $32.00 in a research report on Monday, July 30th. Finally, BMO Capital Markets restated a “hold” rating and issued a $27.00 target price on shares of Juniper Networks in a research report on Tuesday, October 23rd. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $28.10.

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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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