Intech Investment Management LLC Sells 9,058 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Intech Investment Management LLC decreased its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 10.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,117 shares of the network equipment provider’s stock after selling 9,058 shares during the period. Intech Investment Management LLC’s holdings in Juniper Networks were worth $3,000,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of JNPR. Amundi grew its holdings in shares of Juniper Networks by 60.1% in the fourth quarter. Amundi now owns 4,157,158 shares of the network equipment provider’s stock worth $159,510,000 after purchasing an additional 1,559,884 shares during the last quarter. Oddo BHF Asset Management Sas bought a new position in shares of Juniper Networks in the third quarter worth about $25,337,000. Twin Securities Inc. grew its holdings in shares of Juniper Networks by 760.3% in the third quarter. Twin Securities Inc. now owns 678,257 shares of the network equipment provider’s stock worth $26,438,000 after purchasing an additional 599,420 shares during the last quarter. State Street Corp grew its holdings in shares of Juniper Networks by 3.8% in the third quarter. State Street Corp now owns 15,758,844 shares of the network equipment provider’s stock worth $614,280,000 after purchasing an additional 574,418 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Juniper Networks by 172,681.3% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 552,900 shares of the network equipment provider’s stock worth $21,552,000 after purchasing an additional 552,580 shares during the last quarter. Institutional investors own 91.95% of the company’s stock.

Insider Buying and Selling at Juniper Networks

In other Juniper Networks news, COO Manoj Leelanivas sold 30,978 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $36.02, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.28% of the company’s stock.

Juniper Networks Stock Up 0.3 %

NYSE:JNPR opened at $36.10 on Thursday. Juniper Networks, Inc. has a 1-year low of $33.72 and a 1-year high of $39.79. The company has a 50-day moving average of $36.60 and a 200 day moving average of $37.53. The firm has a market cap of $12.03 billion, a PE ratio of 41.98, a price-to-earnings-growth ratio of 2.20 and a beta of 0.86. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.46 and a quick ratio of 1.14.

Juniper Networks (NYSE:JNPR) last released its quarterly 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%. As a group, research analysts anticipate that Juniper Networks, Inc. will post 1.33 EPS for the current fiscal year.

Juniper Networks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Monday, March 3rd. Juniper Networks’s payout ratio is 102.33%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on JNPR. Argus cut shares of Juniper Networks from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Barclays upped their price target on shares of Juniper Networks from $37.00 to $39.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. StockNews.com lowered shares of Juniper Networks from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 3rd. 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 note on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $39.80.

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.