Juniper Networks, Inc. (NYSE:JNPR) Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Juniper Networks, Inc. (NYSE:JNPR) by 10.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 169,604 shares of the network equipment provider’s stock after purchasing an additional 16,411 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.05% of Juniper Networks worth $6,352,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Juniper Networks by 1.4% in 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 purchasing an additional 599,214 shares during the last quarter. FIL Ltd increased its holdings in Juniper Networks by 20.5% in the 4th quarter. FIL Ltd now owns 12,752,814 shares of the network equipment provider’s stock valued at $477,593,000 after purchasing an additional 2,167,567 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Juniper Networks by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 9,897,002 shares of the network equipment provider’s stock worth $370,461,000 after acquiring an additional 356,672 shares in the last quarter. Norges Bank acquired a new position in shares of Juniper Networks in the fourth quarter worth $262,618,000. Finally, Invesco Ltd. grew its stake in shares of Juniper Networks by 17.8% in the fourth quarter. Invesco Ltd. now owns 6,525,290 shares of the network equipment provider’s stock worth $244,372,000 after acquiring an additional 987,431 shares in the last quarter. Institutional investors and hedge funds own 91.95% of the company’s stock.

Juniper Networks Price Performance

Juniper Networks stock opened at $36.08 on Friday. The stock has a market cap of $12.06 billion, a P/E ratio of 41.95, a price-to-earnings-growth ratio of 2.20 and a beta of 0.82. The company has a fifty day simple moving average of $35.60 and a 200-day simple moving average of $36.53. 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.

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

Juniper Networks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Monday, June 2nd will be given a $0.22 dividend. The ex-dividend date of this dividend is Monday, June 2nd. 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 83.81%.

Wall Street Analysts Forecast Growth

Several research firms have commented on JNPR. Argus downgraded shares of Juniper Networks from a “buy” rating to a “hold” rating in a research note on Friday, February 7th. StockNews.com upgraded shares of Juniper Networks from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 2nd. Rosenblatt Securities restated a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a research note on Friday, May 2nd. Barclays boosted their price target on shares of Juniper Networks from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Monday, May 5th. Finally, 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. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Juniper Networks has an average rating of “Hold” and a consensus price target of $40.00.

Insider Activity at Juniper Networks

In related news, COO Manoj Leelanivas sold 30,978 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $36.02, for a total transaction of $1,115,827.56. Following the transaction, the chief operating officer now owns 94,771 shares of the company’s stock, valued at $3,413,651.42. This trade represents a 24.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.37% of the stock is 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.