Mirae Asset Global Investments Co. Ltd. Has $2.11 Million Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Posted by Defense World Staff on May 27th, 2023

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Juniper Networks, Inc. (NYSE:JNPR – Get Rating) by 13.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 65,886 shares of the network equipment provider’s stock after buying an additional 7,960 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Juniper Networks were worth $2,106,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Impax Asset Management Group plc raised its holdings in shares of Juniper Networks by 6.7% in the fourth quarter. Impax Asset Management Group plc now owns 17,453 shares of the network equipment provider’s stock valued at $558,000 after purchasing an additional 1,103 shares during the last quarter. Aviva PLC lifted its position in Juniper Networks by 5.9% during the 3rd quarter. Aviva PLC now owns 262,036 shares of the network equipment provider’s stock worth $6,844,000 after buying an additional 14,661 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Juniper Networks by 9.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 106,320 shares of the network equipment provider’s stock worth $2,777,000 after buying an additional 9,514 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of Juniper Networks by 39.3% in the 4th 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. Finally, Convergence Investment Partners LLC increased its position in shares of Juniper Networks by 2.1% in 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 during the last quarter. Institutional investors and hedge funds own 89.22% of the company’s stock.

Insider Activity at Juniper Networks

In other 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 transaction 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Rami Rahim sold 6,250 shares of Juniper Networks stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $31.28, for a total value of $195,500.00. Following the transaction, the chief executive officer now directly owns 937,089 shares of the company’s stock, valued at $29,312,143.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anne Delsanto sold 900 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $30.75, for a total transaction of $27,675.00. Following the transaction, the director now owns 26,636 shares of the company’s stock, valued at $819,057. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,700 shares of company stock worth $847,251. Company insiders own 1.29% of the company’s stock.

Juniper Networks Trading Up 2.6 %

JNPR stock opened at $30.50 on Friday. Juniper Networks, Inc. has a 52 week low of $25.18 and a 52 week high of $34.53. The company has a market capitalization of $9.81 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 2.38 and a beta of 0.95. The company’s 50-day simple moving average is $31.30 and its 200 day simple moving average is $31.47. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.40 and a current ratio of 1.76.

Juniper Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 22nd. Stockholders of record on Thursday, June 1st will be given a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.89%. Juniper Networks’s payout ratio is 57.52%.

Analyst Upgrades and Downgrades

JNPR has been the subject of a number of analyst reports. StockNews.com began coverage on Juniper Networks in a research note on Thursday, May 18th. They issued a “buy” rating for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $39.00 price target on shares of Juniper Networks in a research report on Tuesday, February 21st. Barclays lifted their price objective on shares of Juniper Networks from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, February 1st. Citigroup boosted their price objective on shares of Juniper Networks from $30.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 1st. Finally, Rosenblatt Securities lifted their price target on Juniper Networks from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, February 1st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $34.87.

About Juniper Networks

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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.