Dai ichi Life Insurance Company Ltd Reduces Stock Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Dai ichi Life Insurance Company Ltd reduced its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 13.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 160,668 shares of the network equipment provider’s stock after selling 24,160 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Juniper Networks were worth $6,263,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Larson Financial Group LLC grew its stake in Juniper Networks by 2,069.4% during the 2nd quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider’s stock valued at $28,000 after purchasing an additional 745 shares in the last quarter. OFI Invest Asset Management acquired a new stake in Juniper Networks during the 2nd quarter valued at approximately $31,000. Longfellow Investment Management Co. LLC acquired a new stake in Juniper Networks during the 2nd quarter valued at approximately $36,000. Venturi Wealth Management LLC grew its stake in Juniper Networks by 60.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock valued at $46,000 after purchasing an additional 447 shares in the last quarter. Finally, Quarry LP grew its stake in Juniper Networks by 71.4% during the 2nd quarter. Quarry LP now owns 1,546 shares of the network equipment provider’s stock valued at $56,000 after purchasing an additional 644 shares in the last quarter. 91.95% of the stock is currently owned by hedge funds and other institutional investors.

Juniper Networks Stock Performance

Shares of JNPR stock opened at $36.03 on Wednesday. Juniper Networks, Inc. has a 1-year low of $27.10 and a 1-year high of $39.79. The company has a current ratio of 1.72, a quick ratio of 1.30 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $11.93 billion, a price-to-earnings ratio of 47.41, a P/E/G ratio of 11.43 and a beta of 0.93. The stock’s fifty day simple moving average is $38.48 and its 200-day simple moving average is $37.46.

Juniper Networks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.44%. Juniper Networks’s dividend payout ratio is 115.79%.

Analysts Set New Price Targets

JNPR has been the subject of several research reports. StockNews.com initiated coverage on Juniper Networks in a research report on Monday, September 16th. They issued a “hold” rating for the company. Citigroup reiterated a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a research report on Monday, September 23rd. Rosenblatt Securities reiterated a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a research report on Friday, November 1st. Finally, Barclays decreased their target price on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Juniper Networks has an average rating of “Hold” and a consensus target price of $39.50.

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.