Teacher Retirement System of Texas Has $28.19 Million Holdings in Juniper Networks, Inc. (JNPR)

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Teacher Retirement System of Texas grew its stake in Juniper Networks, Inc. (NYSE:JNPR) by 108.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,065,099 shares of the network equipment provider’s stock after buying an additional 553,010 shares during the period. Teacher Retirement System of Texas’ holdings in Juniper Networks were worth $28,193,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Covington Capital Management acquired a new position in shares of Juniper Networks during the 4th quarter worth about $31,000. Bremer Trust National Association acquired a new position in shares of Juniper Networks during the 4th quarter worth about $41,000. Financial Gravity Companies Inc. acquired a new position in shares of Juniper Networks during the 4th quarter worth about $47,000. CKW Financial Group lifted its position in shares of Juniper Networks by 33.3% during the 4th quarter. CKW Financial Group now owns 2,000 shares of the network equipment provider’s stock worth $54,000 after purchasing an additional 500 shares during the last quarter. Finally, Atlas Capital Advisors LLC acquired a new position in shares of Juniper Networks during the 4th quarter worth about $65,000. 90.57% of the stock is owned by institutional investors.

In other news, EVP Bikash Koley sold 2,232 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $27.05, for a total value of $60,375.60. Following the sale, the executive vice president now directly owns 56,739 shares in the company, valued at approximately $1,534,789.95. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William Stensrud sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $26.01, for a total value of $910,350.00. Following the completion of the sale, the director now owns 5,531 shares in the company, valued at $143,861.31. The disclosure for this sale can be found here. Over the last quarter, insiders sold 84,755 shares of company stock worth $2,290,594. Corporate insiders own 1.10% of the company’s stock.

Several equities analysts have commented on JNPR shares. TheStreet cut Juniper Networks from a “b” rating to a “c+” rating in a report on Thursday, April 25th. Zacks Investment Research raised Juniper Networks from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Monday, April 8th. Piper Jaffray Companies set a $27.00 price target on Juniper Networks and gave the company a “hold” rating in a report on Tuesday, March 5th. ValuEngine cut Juniper Networks from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. Finally, Wolfe Research cut Juniper Networks from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 30th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $28.15.

Juniper Networks stock opened at $25.37 on Wednesday. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $8.88 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 2.90 and a beta of 0.84. Juniper Networks, Inc. has a 12 month low of $24.82 and a 12 month high of $30.80.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings data on Thursday, April 25th. The network equipment provider reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.15. Juniper Networks had a return on equity of 10.67% and a net margin of 12.34%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $983.92 million. During the same period in the prior year, the company posted $0.28 EPS. The company’s revenue was down 7.5% compared to the same quarter last year. As a group, analysts expect that Juniper Networks, Inc. will post 1.42 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 3rd will be paid a $0.19 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.76 annualized dividend and a dividend yield of 3.00%. Juniper Networks’s dividend payout ratio is currently 55.88%.

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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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