Juniper Networks, Inc. (NYSE:JNPR) Holdings Increased by LSV Asset Management

LSV Asset Management increased its stake in Juniper Networks, Inc. (NYSE:JNPR) by 128.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 674,400 shares of the network equipment provider’s stock after acquiring an additional 379,000 shares during the period. LSV Asset Management’s holdings in Juniper Networks were worth $19,881,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in JNPR. M&T Bank Corp lifted its holdings in Juniper Networks by 5.3% in the 4th quarter. M&T Bank Corp now owns 18,100 shares of the network equipment provider’s stock valued at $533,000 after acquiring an additional 907 shares during the last quarter. Natixis Advisors L.P. raised its position in shares of Juniper Networks by 8.3% during the fourth quarter. Natixis Advisors L.P. now owns 278,696 shares of the network equipment provider’s stock worth $8,215,000 after purchasing an additional 21,253 shares during the period. Victory Capital Management Inc. boosted its position in shares of Juniper Networks by 4.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,614,022 shares of the network equipment provider’s stock valued at $47,581,000 after purchasing an additional 69,711 shares during the period. Van ECK Associates Corp raised its holdings in Juniper Networks by 6.4% during the 4th quarter. Van ECK Associates Corp now owns 8,723 shares of the network equipment provider’s stock worth $257,000 after buying an additional 522 shares during the period. Finally, Mather Group LLC. acquired a new position in shares of Juniper Networks in the fourth quarter worth about $205,000. Institutional investors and hedge funds own 91.95% of the company’s stock.

Insider Transactions at Juniper Networks

In other news, SVP Robert Mobassaly sold 5,173 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $36.78, for a total transaction of $190,262.94. Following the completion of the transaction, the senior vice president now owns 36,061 shares of the company’s stock, valued at $1,326,323.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Juniper Networks news, COO Manoj Leelanivas sold 98,530 shares of Juniper Networks stock in a transaction on Monday, February 12th. The shares were sold at an average price of $37.00, for a total transaction of $3,645,610.00. Following the sale, the chief operating officer now owns 73,684 shares in the company, valued at $2,726,308. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Robert Mobassaly sold 5,173 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $36.78, for a total transaction of $190,262.94. Following the completion of the transaction, the senior vice president now owns 36,061 shares of the company’s stock, valued at approximately $1,326,323.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 221,856 shares of company stock worth $8,187,658. Insiders own 1.28% of the company’s stock.

Juniper Networks Trading Down 0.2 %

Shares of NYSE:JNPR opened at $34.78 on Tuesday. Juniper Networks, Inc. has a 52-week low of $24.87 and a 52-week high of $38.04. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.27 and a current ratio of 1.74. The company has a market cap of $11.30 billion, a P/E ratio of 50.41, a P/E/G ratio of 8.76 and a beta of 0.98. The stock’s 50-day moving average is $36.53 and its 200-day moving average is $33.26.

Juniper Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 3rd will be given a $0.22 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.88 annualized dividend and a dividend yield of 2.53%. Juniper Networks’s dividend payout ratio is 127.54%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on JNPR. Barclays lifted their price objective on shares of Juniper Networks from $40.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. StockNews.com assumed coverage on shares of Juniper Networks in a report on Friday. They set a “hold” rating for the company. Jefferies Financial Group reissued a “hold” rating and set a $40.00 target price (up previously from $35.00) on shares of Juniper Networks in a research note on Thursday, January 11th. Needham & Company LLC reiterated a “hold” rating on shares of Juniper Networks in a report on Friday, April 26th. Finally, Morgan Stanley upgraded Juniper Networks from an “underweight” rating to an “equal weight” rating and set a $40.00 target price on the stock in a research note on Thursday, January 11th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $34.55.

Juniper Networks Company 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.