MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stock Position in Juniper Networks, Inc. (NYSE:JNPR)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 10.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 169,604 shares of the network equipment provider’s stock after acquiring an additional 16,411 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Juniper Networks were worth $6,352,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JNPR. Hollencrest Capital Management acquired a new position in Juniper Networks during the 4th quarter worth approximately $38,000. EverSource Wealth Advisors LLC increased its position in Juniper Networks by 47.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the network equipment provider’s stock worth $42,000 after purchasing an additional 363 shares during the period. Huntington National Bank increased its position in Juniper Networks by 91.9% during the 4th quarter. Huntington National Bank now owns 1,263 shares of the network equipment provider’s stock worth $47,000 after purchasing an additional 605 shares during the period. Larson Financial Group LLC increased its position in Juniper Networks by 139.5% during the 4th quarter. Larson Financial Group LLC now owns 1,794 shares of the network equipment provider’s stock worth $67,000 after purchasing an additional 1,045 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in Juniper Networks by 41.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,099 shares of the network equipment provider’s stock worth $78,000 after purchasing an additional 616 shares during the period. 91.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 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. This represents a 24.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.37% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on JNPR shares. StockNews.com upgraded Juniper Networks from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 2nd. Barclays boosted their target price on Juniper Networks from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. Evercore ISI upgraded Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 price target on the stock in a report on Tuesday, February 4th. Rosenblatt Securities restated a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a report on Friday, May 2nd. Finally, Argus cut Juniper Networks from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.00.

Juniper Networks Stock Performance

JNPR opened at $36.08 on Friday. The stock has a market cap of $12.06 billion, a P/E ratio of 41.95, a P/E/G ratio of 2.20 and a beta of 0.82. 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 stock’s 50 day simple moving average is $35.60 and its 200 day simple moving average is $36.53. Juniper Networks, Inc. has a 1-year low of $33.42 and a 1-year high of $39.79.

Juniper Networks (NYSE:JNPR) last announced its earnings results on Thursday, May 1st. The network equipment provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Juniper Networks had a return on equity of 7.57% and a net margin of 5.67%. Juniper Networks’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 EPS. As a group, equities analysts anticipate that Juniper Networks, Inc. will post 1.33 EPS for the current fiscal year.

Juniper Networks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Monday, June 2nd. Juniper Networks’s dividend payout ratio (DPR) is presently 83.81%.

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.