New York State Teachers Retirement System Sells 12,903 Shares of Juniper Networks, Inc. (NYSE:JNPR)

New York State Teachers Retirement System reduced its stake in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 5.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 245,190 shares of the network equipment provider's stock after selling 12,903 shares during the period. New York State Teachers Retirement System owned 0.07% of Juniper Networks worth $8,873,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of JNPR. Proficio Capital Partners LLC bought a new position in Juniper Networks in the fourth quarter worth about $1,926,000. US Bancorp DE raised its stake in Juniper Networks by 4.5% in the fourth quarter. US Bancorp DE now owns 15,394 shares of the network equipment provider's stock worth $577,000 after buying an additional 660 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Juniper Networks by 41.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,099 shares of the network equipment provider's stock worth $78,000 after buying an additional 616 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Juniper Networks by 32.0% in the fourth quarter. Jones Financial Companies Lllp now owns 2,654 shares of the network equipment provider's stock worth $99,000 after buying an additional 643 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in Juniper Networks by 19.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,778 shares of the network equipment provider's stock worth $179,000 after buying an additional 787 shares in the last quarter. 91.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wall Street Zen raised shares of Juniper Networks from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 2nd. Rosenblatt Securities reissued a "neutral" rating and issued a $40.00 price target on shares of Juniper Networks in a research report on Friday, May 2nd. Finally, Barclays boosted their price target on Juniper Networks from $39.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. 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 company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $40.00.

Juniper Networks Stock Performance

Shares of JNPR remained flat at $39.95 during mid-day trading on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.16 and a current ratio of 1.49. The business has a 50-day moving average of $36.68 and a 200 day moving average of $36.43. Juniper Networks, Inc. has a 12 month low of $33.42 and a 12 month high of $39.96. The company has a market capitalization of $13.36 billion, a P/E ratio of 38.05, a PEG ratio of 2.20 and a beta of 0.80.

Juniper Networks (NYSE:JNPR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The network equipment provider reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.02. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.28 billion. Juniper Networks had a net margin of 6.78% and a return on equity of 8.71%. The firm's quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 earnings per share. Equities research analysts forecast that Juniper Networks, Inc. will post 1.33 EPS for the current fiscal year.

Juniper Networks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 2nd were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Monday, June 2nd. Juniper Networks's dividend payout ratio (DPR) is currently 83.81%.

Juniper Networks Company Profile

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.