Mirae Asset Global Investments Co. Ltd. Has $2.17 Million Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Mirae Asset Global Investments Co. Ltd. grew its stake in Juniper Networks, Inc. (NYSE:JNPR) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,723 shares of the network equipment provider’s stock after buying an additional 3,177 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Juniper Networks were worth $2,173,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC lifted its position in shares of Juniper Networks by 4.8% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 46,266 shares of the network equipment provider’s stock worth $1,286,000 after purchasing an additional 2,134 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Juniper Networks by 2,096.4% during the 4th quarter. Nordea Investment Management AB now owns 452,455 shares of the network equipment provider’s stock worth $13,212,000 after purchasing an additional 431,855 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Juniper Networks by 71.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 324,954 shares of the network equipment provider’s stock worth $9,030,000 after purchasing an additional 135,823 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Juniper Networks by 112.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 181,032 shares of the network equipment provider’s stock worth $5,031,000 after purchasing an additional 95,672 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its position in shares of Juniper Networks by 37.2% during the 3rd quarter. Retirement Systems of Alabama now owns 1,657,664 shares of the network equipment provider’s stock worth $46,066,000 after purchasing an additional 449,575 shares during the last quarter. Institutional investors and hedge funds own 91.95% of the company’s stock.

Juniper Networks Trading Down 0.3 %

JNPR stock opened at $36.06 on Friday. Juniper Networks, Inc. has a 1-year low of $24.87 and a 1-year high of $38.04. The firm has a market cap of $11.70 billion, a P/E ratio of 37.96, a P/E/G ratio of 7.47 and a beta of 0.98. The business’s 50 day moving average is $36.95 and its 200-day moving average is $32.49. The company has a current ratio of 1.80, a quick ratio of 1.35 and a debt-to-equity ratio of 0.36.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Tuesday, January 30th. The network equipment provider reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.41 billion. Juniper Networks had a return on equity of 11.72% and a net margin of 5.57%. Equities analysts anticipate that Juniper Networks, Inc. will post 1.37 earnings per share for the current fiscal year.

Juniper Networks Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.88 dividend on an annualized basis and a yield of 2.44%. Juniper Networks’s dividend payout ratio (DPR) is presently 92.63%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on JNPR. Morgan Stanley upgraded Juniper Networks from an “underweight” rating to an “equal weight” rating and set a $40.00 price target on the stock in a research note on Thursday, January 11th. Jefferies Financial Group restated a “hold” rating and set a $40.00 price target (up from $35.00) on shares of Juniper Networks in a research note on Thursday, January 11th. KeyCorp restated a “sector weight” rating on shares of Juniper Networks in a research note on Thursday, January 11th. Rosenblatt Securities boosted their price target on Juniper Networks from $31.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. Finally, Needham & Company LLC restated a “hold” rating on shares of Juniper Networks in a research note on Wednesday, January 10th. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $34.27.

Insider Buying and Selling

In related news, SVP Robert Mobassaly sold 5,173 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $36.78, for a total transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, SVP Robert Mobassaly sold 5,173 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $36.78, for a total transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Rami Rahim sold 5,555 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $37.53, for a total value of $208,479.15. Following the transaction, the chief executive officer now directly owns 1,019,589 shares in the company, valued at approximately $38,265,175.17. The disclosure for this sale can be found here. Insiders have sold a total of 216,302 shares of company stock worth $8,005,602 in the last three months. Insiders own 1.29% of the company’s stock.

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.