Todd Asset Management LLC Sells 26,318 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Todd Asset Management LLC lowered its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 3.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 840,586 shares of the network equipment provider’s stock after selling 26,318 shares during the quarter. Todd Asset Management LLC owned 0.26% of Juniper Networks worth $24,780,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. AE Wealth Management LLC bought a new position in shares of Juniper Networks during the 3rd quarter worth approximately $230,000. Xponance Inc. increased its stake in shares of Juniper Networks by 5.6% in the 3rd quarter. Xponance Inc. now owns 50,799 shares of the network equipment provider’s stock valued at $1,412,000 after acquiring an additional 2,679 shares during the last quarter. Dakota Wealth Management acquired a new stake in Juniper Networks in the third quarter worth $491,000. Forsta AP Fonden acquired a new stake in Juniper Networks during the 3rd quarter worth $2,407,000. Finally, Miracle Mile Advisors LLC lifted its holdings in shares of Juniper Networks by 3.8% during the 3rd quarter. Miracle Mile Advisors LLC now owns 16,941 shares of the network equipment provider’s stock valued at $471,000 after purchasing an additional 628 shares in the last quarter. 91.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Barclays raised their price objective on shares of Juniper Networks from $40.00 to $41.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. KeyCorp reiterated a “sector weight” rating on shares of Juniper Networks in a report on Thursday, January 11th. Morgan Stanley raised Juniper Networks from an “underweight” rating to an “equal weight” rating and set a $40.00 target price on the stock in a research report on Thursday, January 11th. StockNews.com began coverage on Juniper Networks in a research report on Friday. They set a “hold” rating for the company. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $40.00 price objective (up from $35.00) on shares of Juniper Networks in a report on Thursday, January 11th. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Juniper Networks has a consensus rating of “Hold” and a consensus price target of $34.55.

Juniper Networks Price Performance

NYSE:JNPR traded up $0.19 during trading hours on Friday, hitting $34.84. The company’s stock had a trading volume of 2,407,019 shares, compared to its average volume of 3,231,198. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.27. The company has a market capitalization of $11.32 billion, a P/E ratio of 50.49, a PEG ratio of 8.76 and a beta of 0.98. Juniper Networks, Inc. has a twelve month low of $24.87 and a twelve month high of $38.04. The stock has a fifty day simple moving average of $36.57 and a 200-day simple moving average of $33.14.

Juniper Networks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 3rd will be given a $0.22 dividend. The ex-dividend date is Monday, June 3rd. This represents a $0.88 dividend on an annualized basis and a yield of 2.53%. Juniper Networks’s dividend payout ratio is currently 127.54%.

Insider Transactions at Juniper Networks

In other news, CEO Rami Rahim sold 5,556 shares of Juniper Networks stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $36.91, for a total transaction of $205,071.96. Following the sale, the chief executive officer now directly owns 840,518 shares of the company’s stock, valued at $31,023,519.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Manoj Leelanivas sold 98,530 shares of Juniper Networks stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $37.00, for a total value of $3,645,610.00. Following the transaction, the chief operating officer now directly owns 73,684 shares of the company’s stock, valued at $2,726,308. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Rami Rahim sold 5,556 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $36.91, for a total transaction of $205,071.96. Following the completion of the transaction, the chief executive officer now owns 840,518 shares in the company, valued at approximately $31,023,519.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 227,412 shares of company stock worth $8,392,730. Corporate insiders own 1.29% of the company’s stock.

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.