Tokio Marine Asset Management Co. Ltd. Grows Stake in Juniper Networks, Inc. (NYSE:JNPR)

Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 95.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 471,147 shares of the network equipment provider's stock after purchasing an additional 230,273 shares during the period. Juniper Networks makes up approximately 0.8% of Tokio Marine Asset Management Co. Ltd.'s portfolio, making the stock its 28th biggest holding. Tokio Marine Asset Management Co. Ltd. owned about 0.14% of Juniper Networks worth $18,365,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC lifted its position in shares of Juniper Networks by 2,069.4% during the 2nd quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider's stock worth $28,000 after buying an additional 745 shares in the last quarter. OFI Invest Asset Management bought a new position in shares of Juniper Networks during the 2nd quarter worth approximately $31,000. Longfellow Investment Management Co. LLC bought a new position in shares of Juniper Networks during the 2nd quarter worth approximately $36,000. Venturi Wealth Management LLC lifted its position 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 worth $46,000 after buying an additional 447 shares in the last quarter. Finally, Quarry LP lifted its position 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 worth $56,000 after buying an additional 644 shares in the last quarter. Institutional investors and hedge funds own 91.95% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Citigroup reissued a "neutral" rating and set a $40.00 target price on shares of Juniper Networks in a research report on Monday, September 23rd. StockNews.com began coverage on shares of Juniper Networks in a report on Monday, September 16th. They issued a "hold" rating on the stock. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $40.00 price target on shares of Juniper Networks in a report on Friday, November 1st. Needham & Company LLC reaffirmed a "hold" rating on shares of Juniper Networks in a report on Friday, July 26th. Finally, Barclays lowered their price target on shares of Juniper Networks from $40.00 to $37.00 and set an "equal weight" rating on the stock in a report on Friday, November 1st. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $39.50.

Juniper Networks Stock Performance

JNPR stock traded up $0.17 during midday trading on Thursday, reaching $38.42. 4,204,051 shares of the company's stock traded hands, compared to its average volume of 3,631,530. The company has a 50-day moving average price of $38.87 and a two-hundred day moving average price of $37.36. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.30 and a current ratio of 1.72. Juniper Networks, Inc. has a 52 week low of $25.83 and a 52 week high of $39.79. The firm has a market capitalization of $12.72 billion, a PE ratio of 50.38, a price-to-earnings-growth ratio of 12.16 and a beta of 0.93.

Juniper Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.22 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 2.29%. Juniper Networks's payout ratio is 115.79%.

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.