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

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Juniper Networks, Inc. (NYSE:JNPRFree Report) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 326,049 shares of the network equipment provider’s stock after buying an additional 12,803 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Juniper Networks were worth $9,788,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new stake in shares of Juniper Networks in the fourth quarter valued at about $28,000. Hartford Financial Management Inc. raised its holdings in Juniper Networks by 51.3% in the 4th quarter. Hartford Financial Management Inc. now owns 973 shares of the network equipment provider’s stock valued at $29,000 after acquiring an additional 330 shares during the last quarter. Blue Trust Inc. raised its holdings in Juniper Networks by 34.4% in the 4th quarter. Blue Trust Inc. now owns 1,439 shares of the network equipment provider’s stock valued at $40,000 after acquiring an additional 368 shares during the last quarter. Lindbrook Capital LLC lifted its stake in Juniper Networks by 90.9% in the 4th quarter. Lindbrook Capital LLC now owns 1,531 shares of the network equipment provider’s stock worth $45,000 after purchasing an additional 729 shares in the last quarter. Finally, Principal Securities Inc. acquired a new position in shares of Juniper Networks during the 4th quarter worth approximately $52,000. 91.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Robert Mobassaly sold 5,173 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $36.78, for a total transaction of $190,262.94. Following the transaction, the senior vice president now owns 36,061 shares of the company’s stock, valued at approximately $1,326,323.58. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Juniper Networks news, COO Manoj Leelanivas sold 79,267 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $36.97, for a total value of $2,930,500.99. Following the completion of the transaction, the chief operating officer now owns 69,337 shares in the company, valued at $2,563,388.89. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Robert Mobassaly sold 5,173 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $36.78, for a total value of $190,262.94. Following the sale, the senior vice president now directly owns 36,061 shares in the company, valued at approximately $1,326,323.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 132,770 shares of company stock valued at $4,852,970. 1.28% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on JNPR. StockNews.com started coverage on Juniper Networks in a report on Sunday. They issued a “hold” rating for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Juniper Networks in a research note on Friday, April 26th. Finally, Barclays boosted their price target on shares of Juniper Networks from $40.00 to $41.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.55.

Read Our Latest Report on Juniper Networks

Juniper Networks Stock Down 0.2 %

Shares of JNPR opened at $34.64 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.27 and a debt-to-equity ratio of 0.36. The firm has a market cap of $11.26 billion, a P/E ratio of 50.20, a price-to-earnings-growth ratio of 8.71 and a beta of 0.98. The company’s 50-day moving average price is $36.03 and its 200 day moving average price is $33.77. Juniper Networks, Inc. has a 12-month low of $24.87 and a 12-month high of $38.04.

Juniper Networks (NYSE:JNPRGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The network equipment provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Juniper Networks had a net margin of 4.19% and a return on equity of 10.02%. On average, sell-side analysts forecast that Juniper Networks, Inc. will post 1.12 earnings per share for the current year.

Juniper Networks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.88 annualized dividend and a dividend yield of 2.54%. Juniper Networks’s dividend payout ratio is currently 127.54%.

About Juniper Networks

(Free Report)

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.

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Institutional Ownership by Quarter for Juniper Networks (NYSE:JNPR)

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