Dai ichi Life Insurance Company Ltd Reduces Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Dai ichi Life Insurance Company Ltd trimmed its stake in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 13.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 160,668 shares of the network equipment provider's stock after selling 24,160 shares during the period. Dai ichi Life Insurance Company Ltd's holdings in Juniper Networks were worth $6,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Larson Financial Group LLC boosted its holdings in shares of Juniper Networks by 2,069.4% in the 2nd quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider's stock valued at $28,000 after buying an additional 745 shares in the last quarter. OFI Invest Asset Management purchased a new position in Juniper Networks in the second quarter worth $31,000. Longfellow Investment Management Co. LLC acquired a new position in shares of Juniper Networks during the second quarter worth $36,000. Venturi Wealth Management LLC lifted its holdings in shares of Juniper Networks by 60.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider's stock valued at $46,000 after purchasing an additional 447 shares during the last quarter. Finally, Quarry LP lifted its holdings in shares of Juniper Networks by 71.4% during the 2nd quarter. Quarry LP now owns 1,546 shares of the network equipment provider's stock valued at $56,000 after purchasing an additional 644 shares during the last quarter. 91.95% of the stock is currently owned by institutional investors.

Juniper Networks Stock Performance

JNPR stock traded up $0.05 during trading on Wednesday, hitting $36.07. 2,177,719 shares of the company traded hands, compared to its average volume of 3,764,357. The stock's 50-day simple moving average is $38.42 and its 200 day simple moving average is $37.47. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.72 and a quick ratio of 1.30. Juniper Networks, Inc. has a 1 year low of $27.19 and a 1 year high of $39.79. The company has a market cap of $11.94 billion, a PE ratio of 47.30, a P/E/G ratio of 11.43 and a beta of 0.93.

Juniper Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Monday, December 2nd. Juniper Networks's dividend payout ratio is presently 115.79%.

Analysts Set New Price Targets

Several research analysts recently issued reports on JNPR shares. Citigroup reaffirmed a "neutral" rating and set a $40.00 target price on shares of Juniper Networks in a research report on Monday, September 23rd. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $40.00 price objective on shares of Juniper Networks in a research report on Friday, November 1st. Barclays dropped their target price on shares of Juniper Networks from $40.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Friday, November 1st. Finally, StockNews.com assumed coverage on shares of Juniper Networks in a report on Monday, September 16th. They issued a "hold" rating for the company. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Juniper Networks has a consensus rating of "Hold" and a consensus price target of $39.50.

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.