Teacher Retirement System of Texas Decreases Stock Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Teacher Retirement System of Texas trimmed its stake in shares of Juniper Networks, Inc. (NYSE:JNPRGet Rating) by 33.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 126,853 shares of the network equipment provider’s stock after selling 62,671 shares during the period. Teacher Retirement System of Texas’ holdings in Juniper Networks were worth $3,313,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Wipfli Financial Advisors LLC bought a new stake in Juniper Networks during the third quarter valued at approximately $31,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Juniper Networks during the second quarter valued at approximately $36,000. Ronald Blue Trust Inc. grew its position in Juniper Networks by 455.5% during the third quarter. Ronald Blue Trust Inc. now owns 1,311 shares of the network equipment provider’s stock valued at $37,000 after buying an additional 1,075 shares during the period. Whittier Trust Co. grew its position in Juniper Networks by 112.8% during the second quarter. Whittier Trust Co. now owns 2,019 shares of the network equipment provider’s stock valued at $58,000 after buying an additional 1,070 shares during the period. Finally, Neo Ivy Capital Management bought a new stake in Juniper Networks during the second quarter valued at approximately $59,000. 89.22% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Juniper Networks

In related news, Director Scott Kriens sold 140,000 shares of the company’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $30.42, for a total transaction of $4,258,800.00. Following the sale, the director now owns 1,860,000 shares of the company’s stock, valued at $56,581,200. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Anne Delsanto sold 900 shares of the stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $32.24, for a total value of $29,016.00. Following the sale, the director now owns 17,675 shares of the company’s stock, valued at $569,842. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Scott Kriens sold 140,000 shares of the stock in a transaction on Friday, October 28th. The shares were sold at an average price of $30.42, for a total transaction of $4,258,800.00. Following the completion of the sale, the director now directly owns 1,860,000 shares in the company, valued at approximately $56,581,200. The disclosure for this sale can be found here. Insiders have sold a total of 170,186 shares of company stock valued at $5,204,575 over the last 90 days. 1.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Rosenblatt Securities boosted their target price on shares of Juniper Networks from $32.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, October 26th. Raymond James upped their price target on shares of Juniper Networks from $37.00 to $38.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 26th. Credit Suisse Group upped their price target on shares of Juniper Networks from $27.00 to $29.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 26th. StockNews.com began coverage on shares of Juniper Networks in a research report on Wednesday, October 12th. They issued a “buy” rating for the company. Finally, Piper Sandler upped their price target on shares of Juniper Networks from $31.00 to $32.00 in a research report on Tuesday, January 17th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $34.13.

Juniper Networks Price Performance

Shares of NYSE:JNPR opened at $32.01 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.42 and a current ratio of 1.69. The firm has a fifty day moving average price of $31.96 and a 200 day moving average price of $29.61. Juniper Networks, Inc. has a fifty-two week low of $25.18 and a fifty-two week high of $38.14. The firm has a market cap of $10.39 billion, a price-to-earnings ratio of 24.81, a P/E/G ratio of 2.33 and a beta of 0.91.

Juniper Networks (NYSE:JNPRGet Rating) last released its quarterly earnings results on Tuesday, October 25th. The network equipment provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.35 billion. Juniper Networks had a net margin of 8.22% and a return on equity of 10.11%. As a group, sell-side analysts expect that Juniper Networks, Inc. will post 1.42 earnings per share for the current fiscal year.

About Juniper Networks

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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.

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

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