Mercer Global Advisors Inc. ADV decreased its position in shares of Juniper Networks, Inc. (NYSE:JNPR – Get Rating) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,829 shares of the network equipment provider’s stock after selling 1,046 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Juniper Networks were worth $762,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Aviva PLC raised its position in Juniper Networks by 5.9% during the third quarter. Aviva PLC now owns 262,036 shares of the network equipment provider’s stock valued at $6,844,000 after acquiring an additional 14,661 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in Juniper Networks by 9.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 106,320 shares of the network equipment provider’s stock valued at $2,777,000 after acquiring an additional 9,514 shares in the last quarter. TD Asset Management Inc raised its position in Juniper Networks by 39.3% during the fourth quarter. TD Asset Management Inc now owns 115,425 shares of the network equipment provider’s stock valued at $3,689,000 after acquiring an additional 32,562 shares in the last quarter. Convergence Investment Partners LLC raised its position in Juniper Networks by 2.1% during the fourth quarter. Convergence Investment Partners LLC now owns 38,724 shares of the network equipment provider’s stock valued at $1,238,000 after acquiring an additional 786 shares in the last quarter. Finally, Banque Pictet & Cie SA raised its position in Juniper Networks by 43.4% during the fourth quarter. Banque Pictet & Cie SA now owns 41,774 shares of the network equipment provider’s stock valued at $1,335,000 after acquiring an additional 12,642 shares in the last quarter. Institutional investors and hedge funds own 89.22% of the company’s stock.
Wall Street Analyst Weigh In
JNPR has been the subject of several recent research reports. Rosenblatt Securities lifted their price target on Juniper Networks from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, February 1st. StockNews.com assumed coverage on Juniper Networks in a research report on Thursday. They issued a “buy” rating for the company. Barclays upped their target price on Juniper Networks from $34.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 1st. The Goldman Sachs Group assumed coverage on Juniper Networks in a research note on Monday, March 6th. They set a “buy” rating for the company. Finally, Citigroup upped their target price on Juniper Networks from $30.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 1st. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Juniper Networks currently has an average rating of “Hold” and an average price target of $34.87.
Juniper Networks Stock Up 0.4 %
Juniper Networks Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Thursday, June 1st will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Wednesday, May 31st. Juniper Networks’s payout ratio is currently 57.52%.
Insider Buying and Selling at Juniper Networks
In other Juniper Networks news, SVP Robert Mobassaly sold 2,678 shares of the company’s stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $31.50, for a total value of $84,357.00. Following the completion of the sale, the senior vice president now directly owns 21,899 shares in the company, valued at approximately $689,818.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Juniper Networks news, Director Anne Delsanto sold 900 shares of the company’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $30.75, for a total value of $27,675.00. Following the completion of the sale, the director now directly owns 26,636 shares in the company, valued at approximately $819,057. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Robert Mobassaly sold 2,678 shares of the company’s stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $31.50, for a total value of $84,357.00. Following the completion of the sale, the senior vice president now owns 21,899 shares of the company’s stock, valued at $689,818.50. The disclosure for this sale can be found here. Insiders sold a total of 30,378 shares of company stock worth $931,608 in the last three months. 1.29% of the stock is owned by corporate insiders.
About Juniper Networks
Juniper Networks, Inc engages in the business of designing, developing, and selling products and services for high-performance networks to enable customers to build networks for their businesses while achieving agility and improved operating efficiency through automation. The firm also offers routing, switching, Wi-Fi, network security, artificial intelligence-enabled enterprise networking operations, and software-defined networking technologies.
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