Assenagon Asset Management S.A. Has $2.66 Million Holdings in Juniper Networks, Inc. (NYSE:JNPR)

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Assenagon Asset Management S.A. decreased its holdings in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 92.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 71,807 shares of the network equipment provider's stock after selling 912,104 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Juniper Networks were worth $2,661,000 as of its most recent filing with the SEC.

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A number of other hedge funds also recently made changes to their positions in the business. New Mexico Educational Retirement Board lifted its holdings in shares of Juniper Networks by 6.4% in the third quarter. New Mexico Educational Retirement Board now owns 16,730 shares of the network equipment provider's stock worth $465,000 after acquiring an additional 1,000 shares during the last quarter. Daiwa Securities Group Inc. grew its position in shares of Juniper Networks by 6.5% in the third quarter. Daiwa Securities Group Inc. now owns 26,715 shares of the network equipment provider's stock valued at $742,000 after purchasing an additional 1,624 shares in the last quarter. Empirical Finance LLC grew its position in shares of Juniper Networks by 9.7% in the third quarter. Empirical Finance LLC now owns 11,201 shares of the network equipment provider's stock valued at $311,000 after purchasing an additional 987 shares in the last quarter. Cypress Capital Group purchased a new position in Juniper Networks in the third quarter worth approximately $727,000. Finally, California Public Employees Retirement System grew its stake in shares of Juniper Networks by 1.0% in the third quarter. California Public Employees Retirement System now owns 2,052,650 shares of the network equipment provider's stock valued at $57,043,000 after buying an additional 19,845 shares in the last quarter. Institutional investors and hedge funds own 91.95% of the company's stock.

Insider Activity at Juniper Networks

In related news, SVP Robert Mobassaly sold 5,173 shares of the firm'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 sale, the senior vice president now owns 36,061 shares of the company's stock, valued at $1,326,323.58. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Rami Rahim sold 5,555 shares of the business's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $37.43, for a total value of $207,923.65. Following the completion of the sale, the chief executive officer now directly owns 1,008,479 shares in the company, valued at $37,747,368.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Robert Mobassaly sold 5,173 shares of Juniper Networks stock in a transaction that occurred 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 in the company, valued at $1,326,323.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,503 shares of company stock worth $1,922,469. Company insiders own 1.28% of the company's stock.

Analyst Ratings Changes

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Several equities analysts recently issued reports on JNPR shares. Needham & Company LLC restated a "hold" rating on shares of Juniper Networks in a research report on Friday, April 26th. Barclays raised 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. Finally, StockNews.com initiated coverage on shares of Juniper Networks in a research report on Sunday. They set a "hold" rating on the stock. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Juniper Networks has an average rating of "Hold" and an average price target of $34.55.

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Read Our Latest Analysis on Juniper Networks

Juniper Networks Trading Down 0.3 %

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NYSE:JNPR traded down $0.09 during trading hours on Tuesday, hitting $34.55. The company had a trading volume of 1,088,142 shares, compared to its average volume of 4,412,014. Juniper Networks, Inc. has a 52 week low of $24.87 and a 52 week high of $38.04. The company has a market capitalization of $11.23 billion, a PE ratio of 50.07, a price-to-earnings-growth ratio of 8.71 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 has a 50-day moving average price of $35.94 and a 200 day moving average price of $33.92.

Juniper Networks (NYSE:JNPR - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The network equipment provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.09). The business had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.23 billion. Juniper Networks had a net margin of 4.19% and a return on equity of 10.02%. On average, equities research analysts predict that Juniper Networks, Inc. will post 1.12 EPS for the current fiscal year.

Juniper Networks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors 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 annualized dividend and a yield of 2.55%. Juniper Networks's payout ratio is presently 127.54%.

About Juniper Networks

(Free Report)

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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