Legal & General Group Plc Has $94.25 Million Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Legal & General Group Plc trimmed its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 2.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,516,787 shares of the network equipment provider's stock after selling 73,937 shares during the period. Legal & General Group Plc owned approximately 0.76% of Juniper Networks worth $94,254,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Juniper Networks by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 43,264,855 shares of the network equipment provider's stock valued at $1,620,269,000 after purchasing an additional 599,214 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Juniper Networks by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 9,897,002 shares of the network equipment provider's stock valued at $370,461,000 after acquiring an additional 356,672 shares in the last quarter. Norges Bank acquired a new position in shares of Juniper Networks in the fourth quarter worth $262,618,000. Invesco Ltd. raised its holdings in shares of Juniper Networks by 17.8% during the fourth quarter. Invesco Ltd. now owns 6,525,290 shares of the network equipment provider's stock worth $244,372,000 after acquiring an additional 987,431 shares in the last quarter. Finally, Amundi boosted its position in Juniper Networks by 60.1% during the fourth quarter. Amundi now owns 4,157,158 shares of the network equipment provider's stock valued at $159,510,000 after purchasing an additional 1,559,884 shares during the last quarter. 91.95% of the stock is currently owned by institutional investors and hedge funds.

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Juniper Networks Stock Performance

NYSE:JNPR traded down $0.08 during midday trading on Tuesday, reaching $34.70. The stock had a trading volume of 4,628,663 shares, compared to its average volume of 3,288,371. The stock has a market capitalization of $11.56 billion, a P/E ratio of 40.35, a PEG ratio of 2.20 and a beta of 0.84. Juniper Networks, Inc. has a 1-year low of $33.42 and a 1-year high of $39.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.46 and a quick ratio of 1.14. The firm's fifty day simple moving average is $35.76 and its 200-day simple moving average is $37.06.

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, equities research analysts forecast that Juniper Networks, Inc. will post 1.33 EPS for the current fiscal year.

Juniper Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 3rd were given a $0.22 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.88 annualized dividend and a dividend yield of 2.54%. Juniper Networks's dividend payout ratio is 102.33%.

Insider Transactions at Juniper Networks

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

Analysts Set New Price Targets

JNPR has been the topic of a number of research reports. StockNews.com downgraded Juniper Networks from a "strong-buy" rating to a "buy" rating in a report on Friday, March 28th. Evercore ISI upgraded shares of Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 price target on the stock in a research note on Tuesday, February 4th. Barclays lifted their price objective 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. Finally, Argus downgraded shares of Juniper Networks from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus 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.