Juniper Networks, Inc. (NYSE:JNPR) Stake Increased by Candriam Luxembourg S.C.A.

Candriam Luxembourg S.C.A. raised its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 69.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 916,194 shares of the network equipment provider’s stock after buying an additional 377,065 shares during the period. Candriam Luxembourg S.C.A. owned about 0.24% of Juniper Networks worth $25,545,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of JNPR. Acrospire Investment Management LLC raised its stake in shares of Juniper Networks by 837.8% in the first quarter. Acrospire Investment Management LLC now owns 4,689 shares of the network equipment provider’s stock worth $130,000 after buying an additional 4,189 shares during the period. Creative Planning raised its stake in shares of Juniper Networks by 0.4% in the second quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock worth $131,000 after buying an additional 21 shares during the period. Menta Capital LLC bought a new stake in shares of Juniper Networks during the first quarter worth about $205,000. River Wealth Advisors LLC acquired a new position in Juniper Networks during the second quarter worth approximately $206,000. Finally, Advisor Partners LLC acquired a new position in Juniper Networks during the first quarter worth approximately $210,000. Institutional investors own 92.77% of the company’s stock.

Shares of Juniper Networks, Inc. (NYSE JNPR) traded up 1.86% on Monday, hitting $27.92. The company had a trading volume of 2,827,424 shares. The firm has a 50-day moving average price of $28.45 and a 200 day moving average price of $28.54. The company has a market capitalization of $10.62 billion, a P/E ratio of 16.71 and a beta of 1.07. Juniper Networks, Inc. has a 12-month low of $22.40 and a 12-month high of $30.96.

Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.03. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the company earned $0.50 earnings per share. Juniper Networks’s revenue was up 7.2% compared to the same quarter last year. Equities analysts expect that Juniper Networks, Inc. will post $2.24 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Wednesday, August 30th. Juniper Networks’s dividend payout ratio (DPR) is 23.39%.

JNPR has been the subject of several analyst reports. TheStreet downgraded shares of Juniper Networks from a “b” rating to a “c+” rating in a report on Thursday, June 29th. Barclays PLC reissued an “equal weight” rating on shares of Juniper Networks in a report on Saturday, April 22nd. Standpoint Research downgraded shares of Juniper Networks from a “buy” rating to a “reduce” rating in a report on Wednesday, May 3rd. Zacks Investment Research downgraded shares of Juniper Networks from a “hold” rating to a “sell” rating in a report on Friday, April 28th. Finally, Cowen and Company upped their price objective on shares of Juniper Networks from $30.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, April 26th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Juniper Networks presently has a consensus rating of “Hold” and an average target price of $30.89.

In other news, Director Pradeep Sindhu sold 76,900 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $30.55, for a total value of $2,349,295.00. Following the completion of the transaction, the director now directly owns 40,773 shares of the company’s stock, valued at $1,245,615.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Vincent Molinaro sold 5,031 shares of Juniper Networks stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $30.00, for a total value of $150,930.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 95,844 shares of company stock valued at $2,904,344. 3.40% of the stock is owned by corporate insiders.

About Juniper Networks

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.