Korea Investment CORP Sells 40,700 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Korea Investment CORP lessened its stake in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 14.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 232,037 shares of the network equipment provider's stock after selling 40,700 shares during the quarter. Korea Investment CORP owned 0.07% of Juniper Networks worth $8,690,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of JNPR. Hollencrest Capital Management purchased a new position in shares of Juniper Networks in the fourth quarter valued at approximately $38,000. EverSource Wealth Advisors LLC lifted its stake in Juniper Networks by 47.8% in the fourth 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 last quarter. Larson Financial Group LLC raised its holdings 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 buying an additional 1,045 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Juniper Networks by 41.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,099 shares of the network equipment provider's stock valued at $78,000 after purchasing an additional 616 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in shares of Juniper Networks by 32.0% in the 4th quarter. Jones Financial Companies Lllp now owns 2,654 shares of the network equipment provider's stock worth $99,000 after acquiring an additional 643 shares during the period. 91.95% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Juniper Networks

In related news, COO Manoj Leelanivas sold 30,978 shares of Juniper Networks stock in a transaction that occurred 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 transaction, the chief operating officer now owns 94,771 shares of the company's stock, valued at $3,413,651.42. The trade was a 24.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.28% of the company's stock.

Wall Street Analysts Forecast Growth

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

Juniper Networks Trading Down 0.2 %

NYSE:JNPR traded down $0.06 during trading hours on Wednesday, hitting $36.08. 1,088,969 shares of the stock were exchanged, compared to its average volume of 3,262,501. 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 company has a market capitalization of $12.02 billion, a P/E ratio of 41.95, a price-to-earnings-growth ratio of 2.20 and a beta of 0.86. The company's 50 day moving average is $36.11 and its two-hundred day moving average is $37.35. Juniper Networks, Inc. has a twelve month low of $33.72 and a twelve month high of $39.79.

Juniper Networks (NYSE:JNPR - Get Free Report) last issued 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 net margin of 5.67% and a return on equity of 7.57%. On average, sell-side analysts anticipate 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 was paid on Monday, March 24th. Investors of record on Monday, March 3rd were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Monday, March 3rd. Juniper Networks's dividend payout ratio is currently 102.33%.

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.