Renaissance Technologies LLC Purchases 34,300 Shares of Juniper Networks, Inc. (JNPR)

Renaissance Technologies LLC increased its position in Juniper Networks, Inc. (NYSE:JNPR) by 1.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,822,891 shares of the network equipment provider’s stock after buying an additional 34,300 shares during the period. Renaissance Technologies LLC’s holdings in Juniper Networks were worth $50,731,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Tredje AP fonden boosted its stake in Juniper Networks by 0.4% in the first quarter. Tredje AP fonden now owns 19,874 shares of the network equipment provider’s stock valued at $553,000 after buying an additional 74 shares during the last quarter. Capital Guardian Trust Co. boosted its stake in Juniper Networks by 2.2% in the fourth quarter. Capital Guardian Trust Co. now owns 3,645 shares of the network equipment provider’s stock valued at $103,000 after buying an additional 77 shares during the last quarter. Cleararc Capital Inc. boosted its stake in Juniper Networks by 1.2% in the first quarter. Cleararc Capital Inc. now owns 9,343 shares of the network equipment provider’s stock valued at $260,000 after buying an additional 115 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Juniper Networks by 1.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,885 shares of the network equipment provider’s stock valued at $275,000 after buying an additional 133 shares during the last quarter. Finally, Cadence Capital Management LLC boosted its stake in Juniper Networks by 1.7% in the first quarter. Cadence Capital Management LLC now owns 12,867 shares of the network equipment provider’s stock valued at $358,000 after buying an additional 214 shares during the last quarter. 89.49% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Juniper Networks, Inc. (JNPR) traded down 1.23% during mid-day trading on Tuesday, reaching $28.83. The company’s stock had a trading volume of 1,681,805 shares. Juniper Networks, Inc. has a 12 month low of $21.17 and a 12 month high of $30.96. The firm has a market cap of $11.02 billion, a price-to-earnings ratio of 18.24 and a beta of 1.01. The company’s 50-day moving average is $29.80 and its 200 day moving average is $28.46.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data on Tuesday, April 25th. The network equipment provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. Juniper Networks had a net margin of 8.91% and a return on equity of 8.74%. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.37 earnings per share. On average, equities analysts anticipate that Juniper Networks, Inc. will post $2.23 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 22nd. Stockholders of record on Thursday, June 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Tuesday, May 30th. Juniper Networks’s dividend payout ratio (DPR) is 25.00%.

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Several equities research analysts have weighed in on JNPR shares. ValuEngine upgraded Juniper Networks from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Instinet restated a “buy” rating and set a $33.00 target price on shares of Juniper Networks in a research note on Thursday, April 6th. Berenberg Bank started coverage on Juniper Networks in a research note on Tuesday, April 4th. They set a “buy” rating and a $35.00 target price for the company. Goldman Sachs Group, Inc. (The) upped their target price on Juniper Networks from $31.00 to $36.00 and gave the stock a “conviction-buy” rating in a research note on Monday, March 27th. Finally, Barclays PLC restated an “equal weight” rating on shares of Juniper Networks in a research note on Saturday, April 22nd. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Juniper Networks has a consensus rating of “Hold” and an average price target of $30.06.

In other news, EVP Vincent Molinaro sold 13,792 shares of the company’s stock in a transaction dated Tuesday, April 25th. The shares were sold at an average price of $28.36, for a total transaction of $391,141.12. Following the completion of the transaction, the executive vice president now directly owns 4,597 shares of the company’s stock, valued at $130,370.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Rami Rahim sold 10,700 shares of the company’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $30.64, for a total transaction of $327,848.00. Following the transaction, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at $14,388,758.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 188,892 shares of company stock valued at $5,728,423. Insiders own 3.40% of the company’s stock.

Juniper Networks Company Profile

Juniper Networks, Inc designs, develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa, and Asia Pacific.

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