Juniper Networks, Inc. (JNPR) Position Reduced by Meeder Asset Management Inc.

Meeder Asset Management Inc. lowered its position in Juniper Networks, Inc. (NYSE:JNPR) by 51.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,615 shares of the network equipment provider’s stock after selling 12,148 shares during the period. Meeder Asset Management Inc.’s holdings in Juniper Networks were worth $331,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in JNPR. Janus Henderson Group PLC lifted its position in shares of Juniper Networks by 33.6% during the 3rd quarter. Janus Henderson Group PLC now owns 96,800 shares of the network equipment provider’s stock valued at $2,694,000 after acquiring an additional 24,348 shares during the period. Regentatlantic Capital LLC lifted its position in shares of Juniper Networks by 144.0% during the 3rd quarter. Regentatlantic Capital LLC now owns 27,584 shares of the network equipment provider’s stock valued at $768,000 after acquiring an additional 16,280 shares during the period. Prudential Financial Inc. lifted its position in shares of Juniper Networks by 17.5% during the 3rd quarter. Prudential Financial Inc. now owns 3,965,653 shares of the network equipment provider’s stock valued at $110,364,000 after acquiring an additional 591,348 shares during the period. Candriam Luxembourg S.C.A. lifted its position in shares of Juniper Networks by 23.9% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 1,135,469 shares of the network equipment provider’s stock valued at $31,600,000 after acquiring an additional 219,275 shares during the period. Finally, Boston Advisors LLC lifted its position in shares of Juniper Networks by 14.1% during the 3rd quarter. Boston Advisors LLC now owns 389,130 shares of the network equipment provider’s stock valued at $10,829,000 after acquiring an additional 48,110 shares during the period. Hedge funds and other institutional investors own 90.01% of the company’s stock.

In other Juniper Networks news, CEO Rami Rahim sold 5,400 shares of Juniper Networks stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $26.35, for a total value of $142,290.00. Following the completion of the sale, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at approximately $12,374,144.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by insiders.

A number of equities research analysts have recently issued reports on the stock. TheStreet downgraded shares of Juniper Networks from a “b” rating to a “c+” rating in a research report on Thursday. Goldman Sachs Group assumed coverage on shares of Juniper Networks in a research report on Wednesday. They set a “neutral” rating and a $26.00 price target for the company. ValuEngine downgraded shares of Juniper Networks from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Barclays reduced their price target on shares of Juniper Networks from $25.00 to $23.00 and set an “underweight” rating for the company in a research report on Wednesday, January 31st. Finally, Robert W. Baird restated a “hold” rating and set a $26.00 price objective on shares of Juniper Networks in a research report on Wednesday, January 31st. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $28.69.

Shares of Juniper Networks, Inc. (NYSE JNPR) opened at $25.44 on Friday. The company has a market cap of $9,538.17, a P/E ratio of 14.54, a price-to-earnings-growth ratio of 2.95 and a beta of 0.89. The company has a quick ratio of 2.70, a current ratio of 2.41 and a debt-to-equity ratio of 0.46. Juniper Networks, Inc. has a 12 month low of $23.87 and a 12 month high of $30.96.

Juniper Networks (NYSE:JNPR) last released its earnings results on Tuesday, January 30th. The network equipment provider reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Juniper Networks had a net margin of 6.26% and a return on equity of 13.34%. Juniper Networks’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.66 EPS. equities analysts anticipate that Juniper Networks, Inc. will post 1.34 earnings per share for the current fiscal year.

Juniper Networks announced that its Board of Directors has initiated a stock buyback plan on Tuesday, January 30th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the network equipment provider to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 1st will be paid a $0.18 dividend. This is a boost from Juniper Networks’s previous quarterly dividend of $0.10. This represents a $0.72 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Wednesday, February 28th. Juniper Networks’s payout ratio is presently 49.38%.

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Juniper Networks Company Profile

Juniper Networks, Inc designs, develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa, and Asia Pacific.

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

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