Legal & General Group Plc lowered its position in shares of Juniper Networks Inc. (NYSE:JNPR) by 4.1% during the first quarter, according to its most recent filing with the SEC. The fund owned 1,704,678 shares of the network equipment provider’s stock after selling 73,766 shares during the period. Legal & General Group Plc owned about 0.44% of Juniper Networks worth $43,487,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in shares of Juniper Networks by 133.2% in the fourth quarter. Principal Financial Group Inc. now owns 1,171,911 shares of the network equipment provider’s stock valued at $32,344,000 after buying an additional 669,328 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Juniper Networks by 2,587.1% in the fourth quarter. Bank of Montreal Can now owns 1,540,470 shares of the network equipment provider’s stock valued at $42,517,000 after buying an additional 1,483,142 shares during the last quarter. Twin Capital Management Inc. boosted its stake in shares of Juniper Networks by 89.4% in the fourth quarter. Twin Capital Management Inc. now owns 112,260 shares of the network equipment provider’s stock valued at $3,098,000 after buying an additional 52,980 shares during the last quarter. Sawtooth Asset Management Inc. boosted its stake in shares of Juniper Networks by 1,726.4% in the fourth quarter. Sawtooth Asset Management Inc. now owns 56,745 shares of the network equipment provider’s stock valued at $1,566,000 after buying an additional 53,638 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of Juniper Networks by 35.0% in the fourth quarter. Morgan Stanley now owns 1,649,487 shares of the network equipment provider’s stock valued at $45,525,000 after buying an additional 427,409 shares during the last quarter.
Shares of Juniper Networks Inc. (NYSE:JNPR) traded down 6.81% during mid-day trading on Wednesday, reaching $22.57. 9,023,639 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $22.95 and a 200-day moving average price of $23.89. Juniper Networks Inc. has a 12 month low of $21.18 and a 12 month high of $32.39. The stock has a market cap of $8.67 billion and a PE ratio of 13.74.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Investors of record on Thursday, September 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Tuesday, August 30th.
Several research analysts have issued reports on JNPR shares. Stifel Nicolaus decreased their price target on shares of Juniper Networks from $34.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, April 12th. Sanford C. Bernstein restated a “buy” rating and issued a $31.00 price target on shares of Juniper Networks in a research report on Wednesday, April 13th. Deutsche Bank AG restated a “buy” rating and issued a $31.00 price target on shares of Juniper Networks in a research report on Thursday, April 14th. Bank of America Corp. restated a “buy” rating on shares of Juniper Networks in a research report on Saturday, April 30th. Finally, Drexel Hamilton restated a “buy” rating on shares of Juniper Networks in a research report on Saturday, April 30th. One equities research analyst has rated the stock with a sell rating, twenty have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Juniper Networks presently has a consensus rating of “Hold” and an average price target of $27.24.
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, Middle East, and Africa (EMEA), and Asia Pacific (APAC).
