Geode Capital Management LLC Grows Stock Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Geode Capital Management LLC raised its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 7.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,543,768 shares of the network equipment provider’s stock after buying an additional 456,762 shares during the quarter. Geode Capital Management LLC owned about 2.01% of Juniper Networks worth $178,626,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Juniper Networks by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 37,256,643 shares of the network equipment provider’s stock valued at $1,018,969,000 after purchasing an additional 280,693 shares during the last quarter. FIL Ltd raised its position in shares of Juniper Networks by 15.1% in the 1st quarter. FIL Ltd now owns 8,277,510 shares of the network equipment provider’s stock valued at $209,669,000 after purchasing an additional 1,089,003 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Juniper Networks by 1.4% in the 1st quarter. Bank of New York Mellon Corp now owns 6,187,465 shares of the network equipment provider’s stock valued at $156,728,000 after purchasing an additional 85,565 shares during the last quarter. LSV Asset Management raised its position in shares of Juniper Networks by 16.6% in the 2nd quarter. LSV Asset Management now owns 6,090,666 shares of the network equipment provider’s stock valued at $166,579,000 after purchasing an additional 868,551 shares during the last quarter. Finally, Ceredex Value Advisors LLC purchased a new position in shares of Juniper Networks in the 2nd quarter valued at approximately $132,641,000. 92.56% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE JNPR opened at $28.29 on Thursday. The stock has a market capitalization of $9.20 billion, a price-to-earnings ratio of 46.38, a PEG ratio of 1.96 and a beta of 0.83. Juniper Networks, Inc. has a 12 month low of $19.51 and a 12 month high of $29.77. The firm’s 50 day simple moving average is $28.48 and its 200-day simple moving average is $27.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.56 and a quick ratio of 1.44.

Juniper Networks (NYSE:JNPR) last announced its earnings results on Tuesday, July 27th. The network equipment provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. Juniper Networks had a return on equity of 8.78% and a net margin of 4.49%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the firm posted $0.35 EPS. The business’s revenue was up 7.9% on a year-over-year basis. Analysts anticipate that Juniper Networks, Inc. will post 1.21 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 22nd. Stockholders of record on Wednesday, September 1st were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, August 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.83%. Juniper Networks’s dividend payout ratio (DPR) is 75.47%.

Several brokerages recently weighed in on JNPR. Wolfe Research upgraded shares of Juniper Networks from a “peer perform” rating to an “outperform” rating and increased their price target for the stock from $26.00 to $34.00 in a report on Wednesday, July 14th. MKM Partners upgraded shares of Juniper Networks from a “neutral” rating to a “buy” rating and increased their price target for the stock from $26.00 to $33.00 in a report on Wednesday, July 28th. Wells Fargo & Company increased their price target on shares of Juniper Networks from $25.00 to $30.00 and gave the stock an “equal weight” rating in a report on Thursday, August 19th. TheStreet upgraded shares of Juniper Networks from a “c+” rating to a “b” rating in a report on Tuesday, July 27th. Finally, Needham & Company LLC began coverage on shares of Juniper Networks in a report on Wednesday, July 28th. They issued a “buy” rating and a $30.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $29.00.

In other Juniper Networks news, Director William Stensrud sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 10th. The stock was sold at an average price of $28.31, for a total value of $283,100.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Rami Rahim sold 5,565 shares of the firm’s stock in a transaction on Monday, August 2nd. The shares were sold at an average price of $28.14, for a total value of $156,599.10. The disclosure for this sale can be found here. Insiders have sold a total of 21,120 shares of company stock worth $599,017 in the last quarter. Insiders own 1.30% of the company’s stock.

About Juniper Networks

Juniper Networks, Inc engages in the design, development, and sale of products and services for high-performance networks. Its products address network requirements for global service provides, cloud providers, national governments, research and public sector organizations, and other enterprises. The company was founded by Pradeep S.

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Institutional Ownership by Quarter for Juniper Networks (NYSE:JNPR)

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