Charles Schwab Investment Management Inc. Increases Stock Position in Juniper Networks, Inc. (NYSE:JNPR)

Charles Schwab Investment Management Inc. boosted its holdings in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,821,292 shares of the network equipment provider's stock after purchasing an additional 54,735 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.88% of Juniper Networks worth $83,172,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of JNPR. Metis Global Partners LLC lifted its stake in Juniper Networks by 4.8% in the fourth quarter. Metis Global Partners LLC now owns 34,947 shares of the network equipment provider's stock valued at $1,030,000 after buying an additional 1,602 shares during the last quarter. LSV Asset Management boosted its stake in Juniper Networks by 128.3% during the 4th quarter. LSV Asset Management now owns 674,400 shares of the network equipment provider's stock valued at $19,881,000 after purchasing an additional 379,000 shares during the period. M&T Bank Corp grew its position in Juniper Networks by 5.3% in the 4th quarter. M&T Bank Corp now owns 18,100 shares of the network equipment provider's stock worth $533,000 after purchasing an additional 907 shares during the last quarter. Natixis Advisors L.P. increased its stake in shares of Juniper Networks by 8.3% in the fourth quarter. Natixis Advisors L.P. now owns 278,696 shares of the network equipment provider's stock valued at $8,215,000 after purchasing an additional 21,253 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Juniper Networks by 4.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,614,022 shares of the network equipment provider's stock valued at $47,581,000 after buying an additional 69,711 shares during the last quarter. 91.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Robert Mobassaly sold 5,173 shares of the business's stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $36.78, for a total transaction of $190,262.94. Following the sale, the senior vice president now owns 36,061 shares in the company, valued at $1,326,323.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Juniper Networks news, CEO Rami Rahim sold 5,555 shares of the company'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 transaction, the chief executive officer now owns 1,019,589 shares in the company, valued at approximately $38,265,175.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Robert Mobassaly sold 5,173 shares of the company's stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $36.78, for a total transaction of $190,262.94. Following the completion of the transaction, the senior vice president now owns 36,061 shares in the company, valued at approximately $1,326,323.58. The disclosure for this sale can be found here. Insiders have sold 117,770 shares of company stock worth $4,335,920 over the last 90 days. 1.28% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Needham & Company LLC restated a "hold" rating on shares of Juniper Networks in a research note on Friday, April 26th. StockNews.com assumed coverage on shares of Juniper Networks in a research note on Saturday. They issued a "hold" rating for the company. Finally, Barclays upped their price target on shares of Juniper Networks from $40.00 to $41.00 and gave the stock an "equal weight" rating in a research note on Friday, April 26th. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Juniper Networks has a consensus rating of "Hold" and a consensus target price of $34.55.

Juniper Networks Price Performance

JNPR stock traded down $0.06 on Tuesday, hitting $34.44. 1,928,776 shares of the company's stock traded hands, compared to its average volume of 4,567,197. Juniper Networks, Inc. has a 1-year low of $24.87 and a 1-year high of $38.04. The stock has a market cap of $11.19 billion, a price-to-earnings ratio of 49.91, a P/E/G ratio of 8.71 and a beta of 0.98. The stock has a fifty day moving average of $36.20 and a 200-day moving average of $33.65. The company has a current ratio of 1.74, a quick ratio of 1.27 and a debt-to-equity ratio of 0.36.

Juniper Networks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.56%. Juniper Networks's dividend payout ratio is currently 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.