Allianz Asset Management GmbH Has $49.43 Million Stock Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Allianz Asset Management GmbH raised its stake in Juniper Networks, Inc. (NYSE:JNPR) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,319,851 shares of the network equipment provider’s stock after buying an additional 31,667 shares during the quarter. Allianz Asset Management GmbH owned 0.40% of Juniper Networks worth $49,428,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC increased its stake in Juniper Networks by 60.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock valued at $46,000 after buying an additional 447 shares during the period. Gould Capital LLC increased its stake in Juniper Networks by 1.9% in the 3rd quarter. Gould Capital LLC now owns 29,298 shares of the network equipment provider’s stock valued at $1,142,000 after buying an additional 534 shares during the period. Harbor Capital Advisors Inc. grew its position in Juniper Networks by 12.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 4,913 shares of the network equipment provider’s stock worth $184,000 after acquiring an additional 549 shares in the last quarter. Hilltop Holdings Inc. grew its position in Juniper Networks by 1.2% in the third quarter. Hilltop Holdings Inc. now owns 47,639 shares of the network equipment provider’s stock worth $1,857,000 after acquiring an additional 580 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in Juniper Networks by 6.0% in the third quarter. Van ECK Associates Corp now owns 10,447 shares of the network equipment provider’s stock worth $409,000 after acquiring an additional 595 shares in the last quarter. Institutional investors and hedge funds own 91.95% of the company’s stock.

Juniper Networks Price Performance

NYSE JNPR opened at $35.99 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25. The company has a fifty day simple moving average of $37.20 and a 200 day simple moving average of $37.89. The company has a market cap of $11.91 billion, a P/E ratio of 41.84, a P/E/G ratio of 2.20 and a beta of 0.87. Juniper Networks, Inc. has a 1 year low of $33.72 and a 1 year high of $39.79.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Tuesday, February 4th. The network equipment provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.13). Juniper Networks had a return on equity of 7.57% and a net margin of 5.67%. On average, sell-side analysts predict that Juniper Networks, Inc. will post 1.33 EPS for the current year.

Juniper Networks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 3rd will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Monday, March 3rd. Juniper Networks’s dividend payout ratio (DPR) is presently 102.33%.

Wall Street Analysts Forecast Growth

Several research firms have commented on JNPR. Barclays boosted their target price on shares of Juniper Networks from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Rosenblatt Securities reissued a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a research report on Friday, November 1st. Argus downgraded shares of Juniper Networks from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. StockNews.com raised shares of Juniper Networks from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 18th. Finally, Evercore ISI raised shares of Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 target price for the company in a research report on Tuesday, February 4th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $39.80.

About Juniper Networks

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.