Pinebridge Investments L.P. Trims Position in Juniper Networks, Inc. (NYSE:JNPR)

Pinebridge Investments L.P. cut its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 20.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 572,608 shares of the network equipment provider’s stock after selling 148,064 shares during the period. Pinebridge Investments L.P. owned 0.17% of Juniper Networks worth $15,249,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of JNPR. NEXT Financial Group Inc purchased a new stake in Juniper Networks in the second quarter worth $27,000. Rational Advisors LLC grew its stake in Juniper Networks by 1,800.8% in the first quarter. Rational Advisors LLC now owns 2,262 shares of the network equipment provider’s stock worth $60,000 after purchasing an additional 2,143 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in Juniper Networks by 9.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 30,596 shares of the network equipment provider’s stock worth $810,000 after purchasing an additional 2,574 shares during the period. Norinchukin Bank The grew its stake in Juniper Networks by 4.2% in the first quarter. Norinchukin Bank The now owns 69,437 shares of the network equipment provider’s stock worth $1,838,000 after purchasing an additional 2,810 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in Juniper Networks by 26.9% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 59,377 shares of the network equipment provider’s stock worth $1,581,000 after purchasing an additional 12,587 shares during the period. 90.89% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently weighed in on JNPR. Raymond James set a $29.00 price target on Juniper Networks and gave the stock a “buy” rating in a research note on Friday, September 6th. Rosenblatt Securities raised Juniper Networks from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $24.00 to $27.00 in a report on Wednesday, June 12th. Citigroup downgraded Juniper Networks from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $28.00 to $24.00 in a report on Monday, July 8th. Evercore ISI began coverage on Juniper Networks in a report on Wednesday. They issued an “inline” rating and a $26.00 target price on the stock. Finally, Barclays began coverage on Juniper Networks in a report on Wednesday, August 7th. They issued an “equal weight” rating and a $27.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $27.40.

Shares of NYSE:JNPR traded down $0.06 during midday trading on Friday, reaching $24.38. 66,895 shares of the company’s stock traded hands, compared to its average volume of 2,925,941. The company has a market cap of $8.48 billion, a price-to-earnings ratio of 17.97, a P/E/G ratio of 3.15 and a beta of 0.98. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.13 and a current ratio of 2.13. Juniper Networks, Inc. has a one year low of $22.42 and a one year high of $30.80. The stock has a 50 day moving average of $24.63 and a 200 day moving average of $26.19.

Juniper Networks (NYSE:JNPR) last announced its quarterly earnings results on Thursday, July 25th. The network equipment provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.06). The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. Juniper Networks had a net margin of 11.05% and a return on equity of 10.00%. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.48 earnings per share. Sell-side analysts predict that Juniper Networks, Inc. will post 1.25 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Tuesday, September 3rd. Juniper Networks’s payout ratio is currently 55.88%.

In related news, Director William Stensrud sold 10,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rahul N. Merchant sold 2,500 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $27.06, for a total value of $67,650.00. Following the sale, the director now owns 37,370 shares of the company’s stock, valued at approximately $1,011,232.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,500 shares of company stock worth $737,990. Corporate insiders own 1.10% of the company’s stock.

Juniper Networks Company Profile

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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