Prudential PLC Has $3.49 Million Stake in Juniper Networks, Inc. (NYSE:JNPR)

Prudential PLC decreased its stake in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 8.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 93,125 shares of the network equipment provider's stock after selling 9,065 shares during the period. Prudential PLC's holdings in Juniper Networks were worth $3,488,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank bought a new position in Juniper Networks during the 4th quarter worth $262,618,000. Amundi grew its stake in shares of Juniper Networks by 60.1% in the fourth quarter. Amundi now owns 4,157,158 shares of the network equipment provider's stock valued at $159,510,000 after acquiring an additional 1,559,884 shares in the last quarter. Oddo BHF Asset Management Sas bought a new position in Juniper Networks during the third quarter worth about $25,337,000. Vanguard Group Inc. raised its stake in Juniper Networks by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 43,264,855 shares of the network equipment provider's stock worth $1,620,269,000 after purchasing an additional 599,214 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Juniper Networks by 736.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 654,750 shares of the network equipment provider's stock valued at $24,520,000 after purchasing an additional 576,461 shares during the period. Institutional investors and hedge funds own 91.95% of the company's stock.

Juniper Networks Price Performance

NYSE JNPR traded up $0.26 on Friday, hitting $34.90. 1,817,097 shares of the company's stock were exchanged, compared to its average volume of 3,284,936. The stock has a 50-day moving average of $35.78 and a 200-day moving average of $37.10. The stock has a market cap of $11.63 billion, a price-to-earnings ratio of 40.58, a P/E/G 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 current ratio of 1.46, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25.

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Juniper Networks (NYSE:JNPR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The network equipment provider reported $0.45 earnings per share 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%. Analysts expect that Juniper Networks, Inc. will post 1.33 earnings per share for the current year.

Juniper Networks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.22 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.52%. Juniper Networks's payout ratio is presently 102.33%.

Analysts Set New Price Targets

Several research analysts have recently commented on JNPR shares. Evercore ISI raised shares of Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 target price on the stock in a report on Tuesday, February 4th. Barclays raised their price objective on Juniper Networks from $37.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 5th. Argus cut Juniper Networks from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Finally, StockNews.com lowered Juniper Networks from a "strong-buy" rating to a "buy" rating in a report on Friday, March 28th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $39.80.

Insider Transactions at Juniper Networks

In other news, COO Manoj Leelanivas sold 30,978 shares of the business's 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 sale, the chief operating officer now directly owns 94,771 shares in the company, valued at approximately $3,413,651.42. The trade was a 24.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.28% of the company's stock.

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.