LSV Asset Management Increases Position in Juniper Networks, Inc. (NYSE:JNPR)

LSV Asset Management raised its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 128.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 674,400 shares of the network equipment provider's stock after buying an additional 379,000 shares during the period. LSV Asset Management owned about 0.21% of Juniper Networks worth $19,881,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new stake in Juniper Networks in the fourth quarter valued at approximately $28,000. Hartford Financial Management Inc. increased its position in shares of Juniper Networks by 51.3% during the 4th quarter. Hartford Financial Management Inc. now owns 973 shares of the network equipment provider's stock worth $29,000 after purchasing an additional 330 shares during the last quarter. Blue Trust Inc. increased its position in shares of Juniper Networks by 34.4% during the fourth quarter. Blue Trust Inc. now owns 1,439 shares of the network equipment provider's stock valued at $40,000 after acquiring an additional 368 shares during the last quarter. Lindbrook Capital LLC boosted its position in shares of Juniper Networks by 90.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,531 shares of the network equipment provider's stock worth $45,000 after buying an additional 729 shares during the period. Finally, Planned Solutions Inc. purchased a new position in shares of Juniper Networks in the 4th quarter valued at about $74,000. Institutional investors own 91.95% of the company's stock.

Insider Transactions at Juniper Networks

In other news, SVP Robert Mobassaly sold 5,173 shares of Juniper Networks stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $36.78, for a total value of $190,262.94. Following the transaction, the senior vice president now directly owns 36,061 shares in the company, valued at $1,326,323.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Robert Mobassaly sold 5,173 shares of the business's stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $36.78, for a total transaction of $190,262.94. Following the transaction, the senior vice president now directly owns 36,061 shares in the company, valued at $1,326,323.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Manoj Leelanivas sold 98,530 shares of the firm's stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $37.00, for a total transaction of $3,645,610.00. Following the transaction, the chief operating officer now directly owns 73,684 shares of the company's stock, valued at $2,726,308. The disclosure for this sale can be found here. In the last quarter, insiders sold 221,856 shares of company stock worth $8,187,658. 1.28% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on JNPR. Rosenblatt Securities increased their price target on shares of Juniper Networks from $31.00 to $40.00 and gave the stock a "neutral" rating in a report on Wednesday, January 10th. Needham & Company LLC reissued a "hold" rating on shares of Juniper Networks in a research report on Friday, April 26th. Jefferies Financial Group reaffirmed a "hold" rating and set a $40.00 price target (up from $35.00) on shares of Juniper Networks in a research report on Thursday, January 11th. Morgan Stanley raised shares of Juniper Networks from an "underweight" rating to an "equal weight" rating and set a $40.00 target price on the stock in a research note on Thursday, January 11th. Finally, Barclays upped their target price on Juniper Networks from $40.00 to $41.00 and gave the stock an "equal weight" rating in a research report on Friday, April 26th. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $34.55.

Juniper Networks Stock Down 0.8 %

JNPR traded down $0.28 on Tuesday, reaching $34.50. 2,130,321 shares of the company traded hands, compared to its average volume of 4,740,962. The stock's 50 day moving average price is $36.53 and its 200-day moving average price is $33.26. The company has a market cap of $11.21 billion, a price-to-earnings ratio of 50.41, a PEG ratio of 8.76 and a beta of 0.98. Juniper Networks, Inc. has a 52-week low of $24.87 and a 52-week high of $38.04. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.27.

Juniper Networks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 3rd will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Monday, June 3rd. Juniper Networks's dividend payout ratio is 127.54%.

Juniper Networks Company 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.