Robeco Institutional Asset Management B.V. Reduces Stock Position in Juniper Networks, Inc. (NYSE:JNPR)

Robeco Institutional Asset Management B.V. decreased its stake in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 51.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,241,761 shares of the network equipment provider's stock after selling 1,336,390 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.39% of Juniper Networks worth $36,607,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. boosted its position in shares of Juniper Networks by 11,418.1% during the 4th quarter. Pacer Advisors Inc. now owns 2,829,071 shares of the network equipment provider's stock valued at $83,401,000 after acquiring an additional 2,804,509 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Juniper Networks by 276.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,257,447 shares of the network equipment provider's stock valued at $34,944,000 after buying an additional 923,680 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Juniper Networks during the 3rd quarter worth approximately $20,615,000. Bank of Nova Scotia raised its position in shares of Juniper Networks by 487.6% during the 3rd quarter. Bank of Nova Scotia now owns 845,795 shares of the network equipment provider's stock valued at $23,505,000 after buying an additional 701,856 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in Juniper Networks by 215.3% in the third quarter. AQR Capital Management LLC now owns 969,705 shares of the network equipment provider's stock valued at $26,948,000 after acquiring an additional 662,172 shares during the last quarter. Institutional investors and hedge funds own 91.95% of the company's stock.

Wall Street Analysts Forecast Growth

JNPR has been the topic of a number of research analyst reports. StockNews.com assumed coverage on Juniper Networks in a research report on Saturday, May 11th. They issued a "hold" rating on the stock. 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. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Juniper Networks in a research note on Friday, April 26th. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Juniper Networks has a consensus rating of "Hold" and a consensus price target of $34.55.

Insider Activity at Juniper Networks

In related news, SVP Robert Mobassaly sold 5,173 shares of the business's stock in a transaction 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 $1,326,323.58. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Juniper Networks 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 transaction of $208,479.15. Following the sale, the chief executive officer now owns 1,019,589 shares of the company's stock, valued at $38,265,175.17. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Robert Mobassaly sold 5,173 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $1,326,323.58. The disclosure for this sale can be found here. Insiders have sold a total of 132,770 shares of company stock valued at $4,852,970 over the last 90 days. 1.28% of the stock is owned by corporate insiders.

Juniper Networks Stock Down 0.2 %

Juniper Networks stock traded down $0.07 during mid-day trading on Friday, reaching $34.64. 1,682,200 shares of the company's stock were exchanged, compared to its average volume of 2,666,126. The company has a quick ratio of 1.27, a current ratio of 1.74 and a debt-to-equity ratio of 0.36. Juniper Networks, Inc. has a twelve month low of $24.87 and a twelve month high of $38.04. The company has a market cap of $11.26 billion, a P/E ratio of 50.20, a P/E/G ratio of 8.73 and a beta of 0.98. The company has a fifty day moving average of $36.03 and a 200-day moving average of $33.77.

Juniper Networks (NYSE:JNPR - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The network equipment provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.09). Juniper Networks had a net margin of 4.19% and a return on equity of 10.02%. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.23 billion. Sell-side analysts expect that Juniper Networks, Inc. will post 1.12 EPS for the current year.

Juniper Networks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 3rd will be paid 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 2.54%. Juniper Networks's payout ratio is 127.54%.

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.

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