Resona Asset Management Co. Ltd. Invests $5.95 Million in Juniper Networks, Inc. (NYSE:JNPR)

Resona Asset Management Co. Ltd. acquired a new position in Juniper Networks, Inc. (NYSE:JNPR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 158,854 shares of the network equipment provider's stock, valued at approximately $5,950,000.

Other hedge funds have also added to or reduced their stakes in the company. Hollencrest Capital Management bought a new position in shares of Juniper Networks in the 4th quarter worth $38,000. EverSource Wealth Advisors LLC raised its position in shares of Juniper Networks by 47.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the network equipment provider's stock worth $42,000 after purchasing an additional 363 shares during the period. Huntington National Bank lifted its stake in Juniper Networks by 91.9% in the fourth quarter. Huntington National Bank now owns 1,263 shares of the network equipment provider's stock valued at $47,000 after buying an additional 605 shares in the last quarter. Larson Financial Group LLC lifted its position in Juniper Networks by 139.5% in the 4th quarter. Larson Financial Group LLC now owns 1,794 shares of the network equipment provider's stock valued at $67,000 after acquiring an additional 1,045 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Juniper Networks by 41.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,099 shares of the network equipment provider's stock worth $78,000 after purchasing an additional 616 shares during the period. Institutional investors own 91.95% of the company's stock.

Juniper Networks Stock Performance

Shares of JNPR traded down $0.21 during mid-day trading on Monday, hitting $34.72. 319,150 shares of the company's stock were exchanged, compared to its average volume of 3,277,934. The firm has a market cap of $11.57 billion, a price-to-earnings ratio of 40.37, a price-to-earnings-growth ratio of 2.20 and a beta of 0.84. Juniper Networks, Inc. has a 52 week low of $33.42 and a 52 week high of $39.79. The company has a quick ratio of 1.14, a current ratio of 1.46 and a debt-to-equity ratio of 0.25. The stock's 50-day simple moving average is $35.78 and its 200-day simple moving average is $37.08.

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Juniper Networks (NYSE:JNPR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The network equipment provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.13). Juniper Networks had a return on equity of 7.57% and a net margin of 5.67%. On average, equities research analysts expect that Juniper Networks, Inc. will post 1.33 EPS for the current year.

Juniper Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 3rd were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.53%. The ex-dividend date was Monday, March 3rd. Juniper Networks's dividend payout ratio is currently 102.33%.

Analyst Upgrades and Downgrades

JNPR has been the subject of several recent research reports. StockNews.com cut Juniper Networks from a "strong-buy" rating to a "buy" rating in a research report on Friday, March 28th. Barclays upped their price target on Juniper Networks from $37.00 to $39.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 5th. Evercore ISI upgraded shares of Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 price objective on the stock in a report on Tuesday, February 4th. Finally, Argus cut shares of Juniper Networks from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Five 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 stock presently has a consensus rating of "Hold" and a consensus price target of $39.80.

Insider Buying and Selling

In other Juniper Networks news, COO Manoj Leelanivas sold 30,978 shares of Juniper Networks stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $36.02, for a total transaction of $1,115,827.56. Following the transaction, the chief operating officer now directly owns 94,771 shares of the company's stock, valued at approximately $3,413,651.42. The trade was a 24.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.28% of the stock is owned by corporate insiders.

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.