California State Teachers Retirement System Acquires 81,075 Shares of Juniper Networks, Inc. (NYSE:JNPR)

California State Teachers Retirement System boosted its position in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 15.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 596,479 shares of the network equipment provider's stock after purchasing an additional 81,075 shares during the quarter. California State Teachers Retirement System owned about 0.18% of Juniper Networks worth $22,338,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hollencrest Capital Management purchased a new stake in Juniper Networks in the 4th quarter worth about $38,000. EverSource Wealth Advisors LLC boosted its position in shares of Juniper Networks by 47.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the network equipment provider's stock worth $42,000 after purchasing an additional 363 shares in the last quarter. Huntington National Bank lifted its stake in Juniper Networks by 91.9% in the 4th quarter. Huntington National Bank now owns 1,263 shares of the network equipment provider's stock valued at $47,000 after acquiring an additional 605 shares in the last quarter. Larson Financial Group LLC raised its stake in Juniper Networks by 139.5% in the fourth quarter. Larson Financial Group LLC now owns 1,794 shares of the network equipment provider's stock valued at $67,000 after buying an additional 1,045 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in Juniper Networks by 41.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,099 shares of the network equipment provider's stock worth $78,000 after acquiring an additional 616 shares during the period. 91.95% of the stock is currently owned by institutional investors.

Juniper Networks Stock Up 0.1%

Shares of NYSE JNPR traded up $0.03 during midday trading on Tuesday, reaching $35.90. 244,604 shares of the company's stock were exchanged, compared to its average volume of 3,237,132. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.14 and a current ratio of 1.46. The business's fifty day moving average price is $35.61 and its two-hundred day moving average price is $36.31. The stock has a market capitalization of $12.00 billion, a PE ratio of 41.74, a price-to-earnings-growth ratio of 2.20 and a beta of 0.82. Juniper Networks, Inc. has a 52-week low of $33.42 and a 52-week high of $39.79.

Juniper Networks (NYSE:JNPR - Get Free Report) last issued its earnings results on Thursday, May 1st. The network equipment provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.41 by $0.02. Juniper Networks had a return on equity of 7.57% and a net margin of 5.67%. The business had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter last year, the firm posted $0.29 earnings per share. Juniper Networks's revenue was up 11.4% compared to the same quarter last year. Analysts forecast that Juniper Networks, Inc. will post 1.33 EPS for the current year.

Juniper Networks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.45%. The ex-dividend date is Monday, June 2nd. Juniper Networks's dividend payout ratio is 83.81%.

Analysts Set New Price Targets

JNPR has been the subject of several recent research reports. Barclays boosted their price objective on Juniper Networks from $39.00 to $40.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Evercore ISI upgraded shares of Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 price objective for the company in a report on Tuesday, February 4th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $40.00 price objective on shares of Juniper Networks in a research report on Friday, May 2nd. Wall Street Zen raised Juniper Networks from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 2nd. Finally, Argus cut Juniper Networks from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $40.00.

About Juniper Networks

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; wide-area network SDN controllers; and session smart routers.