New York Life Investment Management LLC Sells 66,524 Shares of Juniper Networks, Inc. (NYSE:JNPR)

New York Life Investment Management LLC decreased its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 15.6% during the 4th quarter, HoldingsChannel reports. The fund owned 360,533 shares of the network equipment provider’s stock after selling 66,524 shares during the period. New York Life Investment Management LLC’s holdings in Juniper Networks were worth $13,502,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sather Financial Group Inc grew its holdings in shares of Juniper Networks by 17.6% during the third quarter. Sather Financial Group Inc now owns 259,786 shares of the network equipment provider’s stock worth $10,126,000 after purchasing an additional 38,936 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Juniper Networks by 5.1% during the 3rd quarter. Principal Financial Group Inc. now owns 446,529 shares of the network equipment provider’s stock worth $17,406,000 after acquiring an additional 21,651 shares during the last quarter. Pacer Advisors Inc. increased its position in Juniper Networks by 25.5% in the 4th quarter. Pacer Advisors Inc. now owns 37,696 shares of the network equipment provider’s stock valued at $1,412,000 after acquiring an additional 7,668 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Juniper Networks by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,957,317 shares of the network equipment provider’s stock valued at $115,276,000 after acquiring an additional 33,016 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of Juniper Networks during the fourth quarter worth $1,374,000. Institutional investors and hedge funds own 91.95% of the company’s stock.

Insider Activity at Juniper Networks

In related news, COO Manoj Leelanivas sold 30,978 shares of the 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 of the company’s stock, valued at approximately $3,413,651.42. This represents a 24.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.28% of the stock is owned by insiders.

Juniper Networks Trading Down 0.0 %

NYSE:JNPR opened at $35.98 on Friday. The firm has a fifty day simple moving average of $37.09 and a two-hundred day simple moving average of $37.82. Juniper Networks, Inc. has a 12 month low of $33.72 and a 12 month high of $39.79. The stock has a market capitalization of $11.99 billion, a price-to-earnings ratio of 41.84, a PEG ratio of 2.20 and a beta of 0.87. 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 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%. Analysts expect that Juniper Networks, Inc. will post 1.33 EPS for the current fiscal year.

Juniper Networks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 3rd will be issued a $0.22 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.45%. Juniper Networks’s dividend payout ratio is presently 102.33%.

Analyst Ratings Changes

A number of analysts recently weighed in on JNPR shares. Evercore ISI upgraded Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 price objective for the company in a report on Tuesday, February 4th. Argus downgraded Juniper Networks from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Barclays lifted their price objective on Juniper Networks from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. StockNews.com raised shares of Juniper Networks from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 18th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a research report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Juniper Networks has a consensus rating of “Hold” and an average price target of $39.80.

Juniper Networks Company Profile

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.