Korea Investment CORP Has $8.69 Million Stock Position in Juniper Networks, Inc. (NYSE:JNPR)

Korea Investment CORP cut its position in Juniper Networks, Inc. (NYSE:JNPR) by 14.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 232,037 shares of the network equipment provider’s stock after selling 40,700 shares during the quarter. Korea Investment CORP owned approximately 0.07% of Juniper Networks worth $8,690,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of JNPR. Cerity Partners LLC grew its holdings in Juniper Networks by 80.2% in the 3rd quarter. Cerity Partners LLC now owns 17,324 shares of the network equipment provider’s stock valued at $675,000 after buying an additional 7,709 shares during the last quarter. FMR LLC grew its stake in shares of Juniper Networks by 19.3% in the third quarter. FMR LLC now owns 53,118 shares of the network equipment provider’s stock worth $2,071,000 after acquiring an additional 8,577 shares during the last quarter. Townsquare Capital LLC bought a new position in Juniper Networks during the third quarter worth $224,000. Glenmede Trust Co. NA raised its stake in Juniper Networks by 2.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 34,755 shares of the network equipment provider’s stock valued at $1,355,000 after purchasing an additional 851 shares during the last quarter. Finally, Captrust Financial Advisors bought a new stake in Juniper Networks in the 3rd quarter valued at $210,000. Institutional investors own 91.95% of the company’s stock.

Juniper Networks Price Performance

Juniper Networks stock opened at $36.20 on Tuesday. The business has a 50 day simple moving average of $36.21 and a 200 day simple moving average of $37.38. Juniper Networks, Inc. has a one year low of $33.72 and a one year high of $39.79. The company has a market capitalization of $12.06 billion, a PE ratio of 42.09, a price-to-earnings-growth ratio of 2.20 and a beta of 0.86. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.46 and a quick ratio of 1.14.

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

Juniper Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.22 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.88 annualized dividend and a yield of 2.43%. Juniper Networks’s dividend payout ratio is 102.33%.

Analysts Set New Price Targets

A number of research analysts have recently commented on JNPR shares. Evercore ISI raised shares of Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 price objective for the company in a research report on Tuesday, February 4th. Barclays upped their price target on Juniper Networks from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. StockNews.com cut Juniper Networks from a “strong-buy” rating to a “buy” rating in a research report on Friday. Finally, Argus cut Juniper Networks from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $39.80.

Insider Activity

In other news, COO Manoj Leelanivas sold 30,978 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $36.02, for a total value of $1,115,827.56. Following the completion of the sale, the chief operating officer now directly owns 94,771 shares in the company, valued at approximately $3,413,651.42. This trade represents a 24.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.28% of the stock is currently owned by corporate insiders.

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.