Alpine Associates Management Inc. Has $86.56 Million Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Alpine Associates Management Inc. grew its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 9.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,374,164 shares of the network equipment provider’s stock after buying an additional 197,400 shares during the quarter. Juniper Networks accounts for about 4.1% of Alpine Associates Management Inc.’s investment portfolio, making the stock its 10th biggest position. Alpine Associates Management Inc. owned 0.73% of Juniper Networks worth $86,562,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Oak Thistle LLC grew its stake in Juniper Networks by 4.6% in the 2nd quarter. Oak Thistle LLC now owns 8,015 shares of the network equipment provider’s stock worth $292,000 after acquiring an additional 353 shares in the last quarter. Hohimer Wealth Management LLC grew its stake in Juniper Networks by 3.0% in the fourth quarter. Hohimer Wealth Management LLC now owns 12,576 shares of the network equipment provider’s stock worth $371,000 after purchasing an additional 370 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Juniper Networks by 1.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 27,941 shares of the network equipment provider’s stock worth $1,019,000 after purchasing an additional 400 shares during the period. Harbor Capital Advisors Inc. raised its position in Juniper Networks by 8.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 4,903 shares of the network equipment provider’s stock valued at $179,000 after purchasing an additional 402 shares in the last quarter. Finally, Keene & Associates Inc. lifted its holdings in shares of Juniper Networks by 3.8% in the 2nd quarter. Keene & Associates Inc. now owns 11,485 shares of the network equipment provider’s stock worth $419,000 after buying an additional 425 shares during the period. 91.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Juniper Networks

In related news, CFO Kenneth Bradley Miller sold 40,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $36.50, for a total value of $1,460,000.00. Following the transaction, the chief financial officer now directly owns 124,776 shares of the company’s stock, valued at approximately $4,554,324. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 108,669 shares of company stock worth $3,947,279. Company insiders own 1.28% of the company’s stock.

Juniper Networks Stock Performance

Shares of JNPR opened at $38.60 on Monday. Juniper Networks, Inc. has a 12 month low of $24.87 and a 12 month high of $39.06. The stock has a fifty day moving average price of $38.14 and a 200-day moving average price of $36.71. The company has a current ratio of 1.69, a quick ratio of 1.23 and a debt-to-equity ratio of 0.36. The firm has a market cap of $12.71 billion, a PE ratio of 55.94, a P/E/G ratio of 11.18 and a beta of 0.93.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings results on Thursday, July 25th. The network equipment provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.13). Juniper Networks had a return on equity of 8.02% and a net margin of 4.58%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the business posted $0.42 EPS. Juniper Networks’s revenue was down 16.8% compared to the same quarter last year. Equities research analysts predict that Juniper Networks, Inc. will post 0.97 earnings per share for the current fiscal year.

Juniper Networks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 2nd will be issued a $0.22 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.28%. Juniper Networks’s dividend payout ratio is currently 127.54%.

Analyst Ratings Changes

Several equities analysts have recently commented on JNPR shares. Needham & Company LLC restated a “hold” rating on shares of Juniper Networks in a research note on Friday, July 26th. Barclays reduced their price target on shares of Juniper Networks from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, July 26th. StockNews.com initiated coverage on shares of Juniper Networks in a report on Monday. They set a “hold” rating on the stock. Finally, Argus upgraded Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Tuesday, June 18th. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $36.25.

About Juniper Networks

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.