AIA Group Ltd Acquires 2,439 Shares of Juniper Networks, Inc. (NYSE:JNPR)

AIA Group Ltd lifted its holdings in Juniper Networks, Inc. (NYSE:JNPRGet Rating) by 55.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,875 shares of the network equipment provider’s stock after acquiring an additional 2,439 shares during the period. AIA Group Ltd’s holdings in Juniper Networks were worth $255,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. CVA Family Office LLC lifted its holdings in shares of Juniper Networks by 72.8% in the 1st quarter. CVA Family Office LLC now owns 700 shares of the network equipment provider’s stock valued at $26,000 after acquiring an additional 295 shares during the last quarter. UMB Bank N A MO bought a new position in shares of Juniper Networks in the 4th quarter valued at about $26,000. Benjamin Edwards Inc. bought a new stake in Juniper Networks in the fourth quarter worth about $30,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Juniper Networks by 142.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 879 shares of the network equipment provider’s stock valued at $31,000 after buying an additional 516 shares during the period. Finally, CWM LLC purchased a new position in shares of Juniper Networks during the fourth quarter valued at approximately $39,000. Institutional investors own 92.78% of the company’s stock.

Analyst Upgrades and Downgrades

JNPR has been the subject of several recent analyst reports. Bank of America lowered Juniper Networks from a “buy” rating to an “underperform” rating and dropped their target price for the company from $40.00 to $32.00 in a research report on Wednesday, July 20th. UBS Group dropped their target price on Juniper Networks from $34.00 to $31.00 and set a “neutral” rating for the company in a research report on Wednesday, July 27th. KeyCorp dropped their target price on Juniper Networks from $46.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, July 27th. Piper Sandler lowered shares of Juniper Networks from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $34.00 to $27.00 in a report on Wednesday, July 13th. Finally, Citigroup reduced their target price on shares of Juniper Networks from $36.00 to $30.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 27th. Four analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Juniper Networks presently has an average rating of “Hold” and an average price target of $33.41.

Insider Buying and Selling at Juniper Networks

In other Juniper Networks news, CEO Rami Rahim sold 5,555 shares of the firm’s stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $28.15, for a total value of $156,373.25. Following the completion of the sale, the chief executive officer now directly owns 868,595 shares in the company, valued at $24,450,949.25. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 23,610 shares of company stock worth $665,163 over the last three months. Corporate insiders own 1.30% of the company’s stock.

Juniper Networks Price Performance

Shares of JNPR opened at $28.04 on Friday. The company has a market cap of $9.05 billion, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 1.94 and a beta of 0.88. Juniper Networks, Inc. has a twelve month low of $26.20 and a twelve month high of $38.14. The company has a quick ratio of 1.37, a current ratio of 1.58 and a debt-to-equity ratio of 0.38. The company has a 50 day moving average of $28.74 and a two-hundred day moving average of $31.97.

Juniper Networks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Thursday, September 1st will be paid a $0.21 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $0.84 annualized dividend and a yield of 3.00%. Juniper Networks’s dividend payout ratio (DPR) is 70.59%.

Juniper Networks Company Profile

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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.

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

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