Korea Investment CORP decreased its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 39.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,954 shares of the network equipment provider’s stock after selling 60,079 shares during the quarter. Korea Investment CORP’s holdings in Juniper Networks were worth $2,816,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. LSV Asset Management lifted its holdings in Juniper Networks by 26.1% in the 3rd quarter. LSV Asset Management now owns 13,910,358 shares of the network equipment provider’s stock valued at $416,893,000 after purchasing an additional 2,882,661 shares in the last quarter. First Trust Advisors LP grew its position in shares of Juniper Networks by 2.5% during the third quarter. First Trust Advisors LP now owns 11,283,859 shares of the network equipment provider’s stock worth $338,177,000 after buying an additional 273,253 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Juniper Networks by 8.2% in the third quarter. Alliancebernstein L.P. now owns 6,319,740 shares of the network equipment provider’s stock worth $189,403,000 after purchasing an additional 480,316 shares during the period. Northern Trust Corp boosted its holdings in Juniper Networks by 1.0% in the second quarter. Northern Trust Corp now owns 4,279,561 shares of the network equipment provider’s stock worth $117,346,000 after purchasing an additional 43,533 shares during the period. Finally, Legal & General Group Plc lifted its stake in Juniper Networks by 6.9% in the second quarter. Legal & General Group Plc now owns 2,689,574 shares of the network equipment provider’s stock valued at $73,749,000 after buying an additional 173,397 shares during the last quarter. Institutional investors own 91.80% of the company’s stock.

In other Juniper Networks news, insider Anand Athreya sold 113,039 shares of Juniper Networks stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $29.70, for a total transaction of $3,357,258.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William Stensrud sold 10,000 shares of Juniper Networks stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $30.42, for a total transaction of $304,200.00. Following the sale, the director now owns 5,531 shares of the company’s stock, valued at $168,253.02. The disclosure for this sale can be found here. Insiders sold 133,839 shares of company stock worth $3,987,726 in the last quarter. Company insiders own 2.60% of the company’s stock.

A number of research analysts recently issued reports on the company. Nomura raised Juniper Networks from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $28.00 to $34.00 in a report on Wednesday, September 19th. BMO Capital Markets restated a “hold” rating and issued a $27.00 target price on shares of Juniper Networks in a report on Tuesday, October 23rd. Piper Jaffray Companies reiterated a “hold” rating on shares of Juniper Networks in a report on Thursday, October 11th. Royal Bank of Canada boosted their price objective on Juniper Networks to $29.00 and gave the company an “in-line” rating in a research report on Wednesday, October 24th. Finally, JPMorgan Chase & Co. reiterated a “sell” rating on shares of Juniper Networks in a research report on Tuesday, September 18th. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $28.10.

Shares of JNPR stock opened at $28.38 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.47 and a current ratio of 2.47. The firm has a market capitalization of $9.80 billion, a price-to-earnings ratio of 16.40, a P/E/G ratio of 3.89 and a beta of 0.84. Juniper Networks, Inc. has a 52 week low of $23.61 and a 52 week high of $30.80.

Juniper Networks (NYSE:JNPR) last issued its earnings results on Tuesday, October 23rd. The network equipment provider reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.10. Juniper Networks had a net margin of 4.82% and a return on equity of 10.42%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the firm earned $0.55 EPS. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, equities analysts expect that Juniper Networks, Inc. will post 1.32 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Wednesday, December 5th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.54%. Juniper Networks’s payout ratio is currently 41.62%.

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Juniper Networks Company Profile

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.

See Also: Preferred Stock

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Institutional Ownership by Quarter for Juniper Networks (NYSE:JNPR)

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