Juniper Networks, Inc. (NYSE:JNPR) Holdings Decreased by Todd Asset Management LLC

Todd Asset Management LLC lowered its position in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 3.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 840,586 shares of the network equipment provider's stock after selling 26,318 shares during the period. Todd Asset Management LLC owned 0.26% of Juniper Networks worth $24,780,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Juniper Networks by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 40,989,123 shares of the network equipment provider's stock worth $1,139,088,000 after acquiring an additional 325,418 shares during the period. Legal & General Group Plc raised its holdings in Juniper Networks by 3.8% in the 3rd quarter. Legal & General Group Plc now owns 5,982,734 shares of the network equipment provider's stock valued at $166,260,000 after buying an additional 219,860 shares during the period. Invesco Ltd. raised its holdings in Juniper Networks by 9.7% in the 3rd quarter. Invesco Ltd. now owns 5,709,064 shares of the network equipment provider's stock valued at $158,655,000 after buying an additional 502,673 shares during the period. American Century Companies Inc. raised its holdings in Juniper Networks by 4.6% in the 3rd quarter. American Century Companies Inc. now owns 4,047,880 shares of the network equipment provider's stock valued at $112,491,000 after buying an additional 176,253 shares during the period. Finally, Northern Trust Corp raised its holdings in Juniper Networks by 5.6% in the 3rd quarter. Northern Trust Corp now owns 3,407,278 shares of the network equipment provider's stock valued at $94,688,000 after buying an additional 181,174 shares during the period. Hedge funds and other institutional investors own 91.95% of the company's stock.

Juniper Networks Stock Up 0.5 %

Shares of Juniper Networks stock traded up $0.19 on Friday, reaching $34.84. 2,407,019 shares of the company were exchanged, compared to its average volume of 3,231,198. Juniper Networks, Inc. has a 1-year low of $24.87 and a 1-year high of $38.04. The company has a market cap of $11.32 billion, a P/E ratio of 50.49, a price-to-earnings-growth ratio of 8.76 and a beta of 0.98. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.27. The stock's 50 day moving average price is $36.57 and its 200-day moving average price is $33.14.

Juniper Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Monday, June 3rd. Juniper Networks's dividend payout ratio is presently 127.54%.

Insider Transactions at Juniper Networks

In related news, CEO Rami Rahim sold 5,556 shares of the business's stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $37.10, for a total transaction of $206,127.60. Following the completion of the sale, the chief executive officer now owns 829,406 shares in the company, valued at $30,770,962.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Rami Rahim sold 5,556 shares of the business's stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $37.10, for a total transaction of $206,127.60. Following the completion of the sale, the chief executive officer now owns 829,406 shares in the company, valued at $30,770,962.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Manoj Leelanivas sold 79,267 shares of the business's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $36.97, for a total value of $2,930,500.99. Following the sale, the chief operating officer now owns 69,337 shares of the company's stock, valued at approximately $2,563,388.89. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 227,412 shares of company stock valued at $8,392,730. 1.29% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

JNPR has been the topic of several research analyst reports. KeyCorp restated a "sector weight" rating on shares of Juniper Networks in a report on Thursday, January 11th. Needham & Company LLC restated a "hold" rating on shares of Juniper Networks in a report on Friday, April 26th. Barclays boosted their price objective on shares of Juniper Networks from $40.00 to $41.00 and gave the company an "equal weight" rating in a report on Friday, April 26th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $40.00 target price (up from $35.00) on shares of Juniper Networks in a research report on Thursday, January 11th. Finally, Morgan Stanley raised Juniper Networks from an "underweight" rating to an "equal weight" rating and set a $40.00 target price for the company in a research report on Thursday, January 11th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $34.55.

Juniper Networks Profile

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.