Tredje AP fonden Reduces Stock Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Tredje AP fonden reduced its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 50.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,046 shares of the network equipment provider's stock after selling 25,046 shares during the period. Tredje AP fonden's holdings in Juniper Networks were worth $938,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Hollencrest Capital Management purchased a new stake in shares of Juniper Networks during the fourth quarter valued at approximately $38,000. EverSource Wealth Advisors LLC boosted its position in Juniper Networks by 47.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the network equipment provider's stock valued at $42,000 after buying an additional 363 shares during the period. Venturi Wealth Management LLC grew its holdings in Juniper Networks by 60.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider's stock worth $46,000 after acquiring an additional 447 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Juniper Networks by 139.5% in the fourth 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 during the period. Finally, Longfellow Investment Management Co. LLC raised its stake in shares of Juniper Networks by 84.7% during the third quarter. Longfellow Investment Management Co. LLC now owns 1,830 shares of the network equipment provider's stock valued at $71,000 after acquiring an additional 839 shares during the last quarter. 91.95% of the stock is owned by hedge funds and other institutional investors.

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Juniper Networks Stock Up 0.3 %

Shares of JNPR stock traded up $0.11 during mid-day trading on Wednesday, reaching $36.10. 3,592,630 shares of the company's stock traded hands, compared to its average volume of 3,116,098. The company's 50-day moving average price is $36.64 and its 200-day moving average price is $37.54. The company has a market cap of $12.03 billion, a P/E ratio of 41.98, a P/E/G ratio of 2.20 and a beta of 0.86. The company has a quick ratio of 1.14, a current ratio of 1.46 and a debt-to-equity ratio of 0.25. Juniper Networks, Inc. has a 12 month low of $33.72 and a 12 month high of $39.79.

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 analysts' consensus estimates 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 analysts expect that Juniper Networks, Inc. will post 1.33 earnings per share for the current fiscal year.

Juniper Networks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 3rd will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.44%. The ex-dividend date is Monday, March 3rd. Juniper Networks's dividend payout ratio (DPR) is 102.33%.

Insider Activity

In other Juniper Networks news, COO Manoj Leelanivas sold 30,978 shares of the stock in a transaction on 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. This trade represents a 24.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.28% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Barclays boosted their price target on Juniper Networks from $37.00 to $39.00 and gave the company an "equal weight" rating in a report on Wednesday, February 5th. Argus downgraded Juniper Networks from a "buy" rating to a "hold" rating in a report on Friday, February 7th. StockNews.com cut shares of Juniper Networks from a "strong-buy" rating to a "buy" rating in a report on Monday, March 3rd. Finally, Evercore ISI upgraded shares of Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 price objective for the company in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $39.80.

About Juniper Networks

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.