TCW Group Inc. Reduces Position in Juniper Networks, Inc. (NYSE:JNPR)

TCW Group Inc. cut its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 41.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 385,050 shares of the network equipment provider's stock after selling 274,269 shares during the quarter. TCW Group Inc. owned approximately 0.12% of Juniper Networks worth $11,351,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in JNPR. Vanguard Group Inc. increased its position in shares of Juniper Networks by 0.8% during the third quarter. Vanguard Group Inc. now owns 40,989,123 shares of the network equipment provider's stock valued at $1,139,088,000 after buying an additional 325,418 shares during the period. Legal & General Group Plc increased its position in shares of Juniper Networks by 3.8% in the third quarter. Legal & General Group Plc now owns 5,982,734 shares of the network equipment provider's stock worth $166,260,000 after purchasing an additional 219,860 shares during the last quarter. Invesco Ltd. increased its position in shares of Juniper Networks by 9.7% in the third quarter. Invesco Ltd. now owns 5,709,064 shares of the network equipment provider's stock worth $158,655,000 after purchasing an additional 502,673 shares during the last quarter. Norges Bank bought a new position in shares of Juniper Networks in the fourth quarter worth approximately $136,778,000. Finally, American Century Companies Inc. increased its position in shares of Juniper Networks by 4.6% in the third quarter. American Century Companies Inc. now owns 4,047,880 shares of the network equipment provider's stock worth $112,491,000 after purchasing an additional 176,253 shares during the last quarter. 91.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on JNPR. Needham & Company LLC restated a "hold" rating on shares of Juniper Networks in a research report on Friday, April 26th. Barclays upped their price objective on shares of Juniper Networks from $40.00 to $41.00 and gave the stock an "equal weight" rating in a research report on Friday, April 26th. Finally, StockNews.com initiated coverage on Juniper Networks in a research note on Sunday, May 19th. They issued 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 data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $34.55.

Insider Buying and Selling

In other Juniper Networks news, CFO Kenneth Bradley Miller sold 15,000 shares of the business's stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $34.47, for a total transaction of $517,050.00. Following the transaction, the chief financial officer now directly owns 69,435 shares of the company's stock, valued at approximately $2,393,424.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Rami Rahim sold 5,555 shares of the company's stock in a transaction dated 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 directly owns 1,019,589 shares of the company's stock, valued at approximately $38,265,175.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kenneth Bradley Miller sold 15,000 shares of the company's stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $34.47, for a total transaction of $517,050.00. Following the completion of the transaction, the chief financial officer now owns 69,435 shares in the company, valued at approximately $2,393,424.45. The disclosure for this sale can be found here. Insiders have sold a total of 48,330 shares of company stock valued at $1,732,206 over the last three months. 1.28% of the stock is owned by company insiders.

Juniper Networks Trading Up 0.3 %

Shares of Juniper Networks stock traded up $0.10 on Friday, hitting $34.69. The stock had a trading volume of 1,551,986 shares, compared to its average volume of 4,335,676. 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 one year low of $24.87 and a one year high of $38.04. The stock's 50-day simple moving average is $35.86 and its two-hundred day simple moving average is $33.93. The stock has a market cap of $11.27 billion, a price-to-earnings ratio of 50.20, a PEG ratio of 9.05 and a beta of 0.98.

Juniper Networks (NYSE:JNPR - Get Free Report) last issued its 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). Juniper Networks had a return on equity of 10.02% and a net margin of 4.19%. The firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.23 billion. As a group, sell-side analysts predict that Juniper Networks, Inc. will post 1.08 EPS for the current year.

Juniper Networks Dividend Announcement

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 $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Monday, June 3rd. Juniper Networks's payout ratio is 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.