Nissay Asset Management Corp Japan ADV Purchases 601 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Nissay Asset Management Corp Japan ADV grew its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,152 shares of the network equipment provider’s stock after buying an additional 601 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Juniper Networks were worth $1,544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Juniper Networks by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 43,264,855 shares of the network equipment provider’s stock valued at $1,620,269,000 after buying an additional 599,214 shares during the period. FIL Ltd lifted its holdings in shares of Juniper Networks by 20.5% during the 4th quarter. FIL Ltd now owns 12,752,814 shares of the network equipment provider’s stock valued at $477,593,000 after buying an additional 2,167,567 shares during the period. Geode Capital Management LLC raised its holdings in Juniper Networks by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 9,897,002 shares of the network equipment provider’s stock worth $370,461,000 after purchasing an additional 356,672 shares during the period. Norges Bank bought a new position in Juniper Networks in the 4th quarter worth $262,618,000. Finally, Invesco Ltd. raised its holdings in Juniper Networks by 17.8% in the 4th quarter. Invesco Ltd. now owns 6,525,290 shares of the network equipment provider’s stock worth $244,372,000 after purchasing an additional 987,431 shares during the period. 91.95% of the stock is owned by institutional investors.

Insider Transactions at Juniper Networks

In other news, COO Manoj Leelanivas sold 30,978 shares of Juniper Networks stock in a transaction dated 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 sale, the chief operating officer now directly owns 94,771 shares of the company’s stock, valued at approximately $3,413,651.42. The trade was a 24.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.37% of the company’s stock.

Juniper Networks Trading Down 0.5%

Shares of JNPR stock opened at $36.08 on Friday. Juniper Networks, Inc. has a 12-month low of $33.42 and a 12-month high of $39.79. 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 stock’s 50-day moving average price is $35.60 and its 200-day moving average price is $36.53. The stock has a market capitalization of $12.06 billion, a price-to-earnings ratio of 41.95, a price-to-earnings-growth ratio of 2.20 and a beta of 0.82.

Juniper Networks (NYSE:JNPR) last issued its earnings results on Thursday, May 1st. The network equipment provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.02. Juniper Networks had a return on equity of 7.57% and a net margin of 5.67%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the firm posted $0.29 earnings per share. The business’s revenue was up 11.4% compared to the same quarter last year. Equities research analysts predict that Juniper Networks, Inc. will post 1.33 EPS for the current fiscal year.

Juniper Networks Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently commented on JNPR. Argus cut Juniper Networks from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Barclays raised their target price on Juniper Networks from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. Rosenblatt Securities reissued a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a report on Friday, May 2nd. StockNews.com raised Juniper Networks from a “buy” rating to a “strong-buy” rating in a report on Friday, May 2nd. Finally, Evercore ISI raised 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. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $40.00.

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.