Pictet Asset Management Ltd. Buys 3,400 Shares of Juniper Networks, Inc. (JNPR)

Pictet Asset Management Ltd. increased its stake in Juniper Networks, Inc. (NYSE:JNPR) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,922 shares of the network equipment provider’s stock after buying an additional 3,400 shares during the period. Pictet Asset Management Ltd. owned 0.06% of Juniper Networks worth $6,656,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of JNPR. Gulf International Bank UK Ltd increased its stake in shares of Juniper Networks by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 105,631 shares of the network equipment provider’s stock valued at $2,939,000 after buying an additional 1,400 shares during the last quarter. DnB Asset Management AS increased its stake in shares of Juniper Networks by 11.4% in the first quarter. DnB Asset Management AS now owns 32,127 shares of the network equipment provider’s stock valued at $894,000 after buying an additional 3,300 shares during the last quarter. Smith Graham & Co. Investment Advisors LP increased its stake in shares of Juniper Networks by 6.9% in the first quarter. Smith Graham & Co. Investment Advisors LP now owns 119,930 shares of the network equipment provider’s stock valued at $3,338,000 after buying an additional 7,790 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Juniper Networks during the first quarter valued at approximately $423,000. Finally, Candriam Luxembourg S.C.A. increased its stake in shares of Juniper Networks by 22.7% in the first quarter. Candriam Luxembourg S.C.A. now owns 539,129 shares of the network equipment provider’s stock valued at $15,005,000 after buying an additional 99,857 shares during the last quarter. Institutional investors and hedge funds own 92.77% of the company’s stock.

Juniper Networks, Inc. (JNPR) opened at 27.75 on Thursday. The company’s 50-day moving average price is $28.41 and its 200-day moving average price is $28.55. The company has a market cap of $10.55 billion, a PE ratio of 16.61 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 posted its quarterly earnings data on Tuesday, July 25th. The network equipment provider reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. Juniper Networks had a net margin of 12.66% and a return on equity of 14.13%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $0.50 EPS. Equities analysts anticipate that Juniper Networks, Inc. will post $2.24 earnings per share 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 paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.40 annualized dividend and a yield of 1.44%. Juniper Networks’s dividend payout ratio (DPR) is 23.39%.

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JNPR has been the topic of several research analyst reports. TheStreet raised Juniper Networks from a “c+” rating to a “b” rating in a research note on Monday, July 24th. ValuEngine raised Juniper Networks from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Instinet reaffirmed a “buy” rating and set a $33.00 price objective on shares of Juniper Networks in a research note on Tuesday, July 4th. Drexel Hamilton reaffirmed a “buy” rating and set a $37.00 price objective on shares of Juniper Networks in a research note on Thursday, July 20th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a $35.00 price objective on shares of Juniper Networks in a research note on Thursday, July 27th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Juniper Networks currently has a consensus rating of “Hold” and an average target price of $30.94.

In other news, EVP Vincent Molinaro sold 5,031 shares of the stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $30.00, for a total transaction of $150,930.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Terrance F. Spidell sold 10,600 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $29.47, for a total transaction of $312,382.00. Following the transaction, the vice president now directly owns 10,600 shares of the company’s stock, valued at $312,382. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,944 shares of company stock valued at $555,049. Company 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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Institutional Ownership by Quarter for Juniper Networks (NYSE:JNPR)

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