Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Has $12.72 Million Holdings in Juniper Networks, Inc. (JNPR)

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp cut its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 34.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 446,300 shares of the network equipment provider’s stock after selling 239,300 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Juniper Networks were worth $12,720,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Hillsdale Investment Management Inc. increased its position in shares of Juniper Networks by 18.6% during the third quarter. Hillsdale Investment Management Inc. now owns 12,750 shares of the network equipment provider’s stock worth $355,000 after purchasing an additional 2,000 shares in the last quarter. Synovus Financial Corp increased its position in shares of Juniper Networks by 27.1% during the fourth quarter. Synovus Financial Corp now owns 9,979 shares of the network equipment provider’s stock worth $286,000 after purchasing an additional 2,126 shares in the last quarter. BKD Wealth Advisors LLC increased its position in shares of Juniper Networks by 17.2% during the fourth quarter. BKD Wealth Advisors LLC now owns 15,553 shares of the network equipment provider’s stock worth $443,000 after purchasing an additional 2,287 shares in the last quarter. Public Employees Retirement Association of Colorado increased its position in shares of Juniper Networks by 3.5% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 71,277 shares of the network equipment provider’s stock worth $2,031,000 after purchasing an additional 2,382 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its position in shares of Juniper Networks by 0.8% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 331,694 shares of the network equipment provider’s stock worth $9,231,000 after purchasing an additional 2,519 shares in the last quarter. Institutional investors own 95.45% of the company’s stock.

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In related news, CEO Rami Rahim sold 5,300 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $26.24, for a total value of $139,072.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William Stensrud sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $26.17, for a total value of $261,700.00. Following the completion of the sale, the director now directly owns 5,531 shares in the company, valued at approximately $144,746.27. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,813 shares of company stock worth $1,124,709. 2.60% of the stock is owned by corporate insiders.

Shares of Juniper Networks, Inc. (NYSE JNPR) opened at $24.79 on Friday. The company has a market capitalization of $8,697.04, a P/E ratio of 14.46, a PEG ratio of 2.94 and a beta of 0.87. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.41 and a current ratio of 2.41. Juniper Networks, Inc. has a 52 week low of $23.87 and a 52 week high of $30.96.

Juniper Networks (NYSE:JNPR) last announced its quarterly earnings results on Tuesday, January 30th. The network equipment provider reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. Juniper Networks had a return on equity of 13.34% and a net margin of 6.26%. The company’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.66 EPS. research analysts expect that Juniper Networks, Inc. will post 1.34 earnings per share for the current fiscal year.

Juniper Networks announced that its board has initiated a share repurchase plan on Tuesday, January 30th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the network equipment provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 22nd. Investors of record on Thursday, March 1st were paid a $0.18 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.72 dividend on an annualized basis and a yield of 2.90%. This is a positive change from Juniper Networks’s previous quarterly dividend of $0.10. Juniper Networks’s dividend payout ratio is presently 88.89%.

A number of research firms have recently commented on JNPR. Piper Jaffray Companies reiterated a “neutral” rating and set a $27.00 target price on shares of Juniper Networks in a research report on Wednesday, January 10th. Robert W. Baird reiterated a “hold” rating and set a $26.00 target price on shares of Juniper Networks in a research report on Wednesday, January 31st. Loop Capital cut their target price on Juniper Networks to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 31st. Barclays dropped their price target on Juniper Networks from $25.00 to $23.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 31st. Finally, ValuEngine cut Juniper Networks from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Four investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $28.61.

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

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