Juniper Networks, Inc. (NYSE:JNPR) Shares Sold by Swiss National Bank

Swiss National Bank reduced its stake in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 3.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,002,500 shares of the network equipment provider's stock after selling 31,900 shares during the period. Swiss National Bank owned approximately 0.31% of Juniper Networks worth $29,554,000 as of its most recent SEC filing.

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

Juniper Networks Stock Down 0.4 %

Juniper Networks stock traded down $0.14 during mid-day trading on Thursday, reaching $34.45. The stock had a trading volume of 1,268,328 shares, compared to its average volume of 4,668,276. The company has a market capitalization of $11.20 billion, a price-to-earnings ratio of 50.13, a PEG 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. Juniper Networks, Inc. has a one year low of $24.87 and a one year high of $38.04. The company has a 50-day moving average price of $36.43 and a two-hundred day moving average price of $33.33.

Juniper Networks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 3rd will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Monday, June 3rd. Juniper Networks's dividend payout ratio (DPR) is currently 127.54%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on JNPR shares. Barclays boosted their target price on Juniper Networks from $40.00 to $41.00 and gave the company an "equal weight" rating in a research note on Friday, April 26th. KeyCorp reaffirmed a "sector weight" rating on shares of Juniper Networks in a research note on Thursday, January 11th. 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 research note on Wednesday, January 10th. StockNews.com assumed coverage on Juniper Networks in a research report on Friday, May 3rd. They set a "hold" rating on the stock. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $40.00 target price (up previously from $35.00) on shares of Juniper Networks in a research report on Thursday, January 11th. Eleven equities research 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 stock presently has an average rating of "Hold" and an average price target of $34.55.

Insider Buying and Selling

In other news, CEO Rami Rahim sold 5,555 shares of the company's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $37.53, for a total transaction of $208,479.15. Following the transaction, the chief executive officer now directly owns 1,019,589 shares of the company's stock, valued at $38,265,175.17. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Rami Rahim sold 5,555 shares of the firm's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $37.53, for a total value of $208,479.15. Following the sale, the chief executive officer now owns 1,019,589 shares in the company, valued at $38,265,175.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Robert Mobassaly sold 5,173 shares of Juniper Networks stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $36.78, for a total value of $190,262.94. Following the completion of the sale, the senior vice president now directly owns 36,061 shares of the company's stock, valued at approximately $1,326,323.58. The disclosure for this sale can be found here. Insiders sold a total of 216,300 shares of company stock worth $7,981,530 in the last three months. Insiders own 1.28% of the company's stock.

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.