ING Groep NV Cuts Position in Juniper Networks, Inc. (NYSE:JNPR)

ING Groep NV trimmed its position in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 57.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,654 shares of the network equipment provider's stock after selling 59,467 shares during the quarter. ING Groep NV's holdings in Juniper Networks were worth $1,287,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC bought a new position in Juniper Networks during the 4th quarter worth $28,000. Hartford Financial Management Inc. grew its stake in shares of Juniper Networks by 51.3% in the fourth 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 in the last quarter. Blue Trust Inc. grew its stake in shares of Juniper Networks by 34.4% in 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 in the last quarter. 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 in the last quarter. Finally, Principal Securities Inc. bought a new position in shares of Juniper Networks in the fourth quarter worth $52,000. 91.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on JNPR shares. Barclays increased their price target on Juniper Networks from $40.00 to $41.00 and gave the stock an "equal weight" rating in a research note on Friday, April 26th. Needham & Company LLC restated a "hold" rating on shares of Juniper Networks in a report on Friday, April 26th. Finally, StockNews.com assumed coverage on Juniper Networks in a report on Sunday. They set a "hold" rating for the company. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $34.55.

Insiders Place Their Bets

In related news, CEO Rami Rahim sold 5,555 shares of the firm'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 transaction of $207,923.65. Following the completion of the transaction, the chief executive officer now owns 1,008,479 shares in the company, valued at approximately $37,747,368.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Rami Rahim sold 5,555 shares of the firm's stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $37.43, for a total transaction of $207,923.65. Following the completion of the sale, the chief executive officer now directly owns 1,008,479 shares of the company's stock, valued at approximately $37,747,368.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kenneth Bradley Miller sold 15,000 shares of the firm's stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $34.47, for a total value of $517,050.00. Following the sale, the chief financial officer now directly owns 69,435 shares of the company's stock, valued at $2,393,424.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,330 shares of company stock worth $1,732,206. 1.28% of the stock is currently owned by company insiders.

Juniper Networks Stock Up 0.4 %

JNPR stock traded up $0.14 during mid-day trading on Wednesday, hitting $34.69. The stock had a trading volume of 1,647,832 shares, compared to its average volume of 4,384,114. 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, Inc. has a 1-year low of $24.87 and a 1-year high of $38.04. The company has a fifty day moving average of $35.94 and a 200 day moving average of $33.92. The stock has a market capitalization of $11.27 billion, a price-to-earnings ratio of 50.23, a PEG ratio of 8.71 and a beta of 0.98.

Juniper Networks (NYSE:JNPR - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The network equipment provider reported $0.09 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.23 billion. On average, equities analysts expect that Juniper Networks, Inc. will post 1.12 EPS for the current fiscal year.

Juniper Networks Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Monday, June 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.54%. 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.