New York Life Investment Management LLC Decreases Stock Holdings in Juniper Networks, Inc. (NYSE:JNPR)

New York Life Investment Management LLC lessened its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 3.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 81,214 shares of the network equipment provider’s stock after selling 2,524 shares during the period. New York Life Investment Management LLC’s holdings in Juniper Networks were worth $2,394,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC bought a new position in Juniper Networks in the 4th quarter valued at $28,000. Hartford Financial Management Inc. grew its position in Juniper Networks by 51.3% in the 4th quarter. Hartford Financial Management Inc. now owns 973 shares of the network equipment provider’s stock valued at $29,000 after acquiring an additional 330 shares during the last quarter. Blue Trust Inc. grew its position in shares of Juniper Networks by 34.4% during the 4th quarter. Blue Trust Inc. now owns 1,439 shares of the network equipment provider’s stock worth $40,000 after buying an additional 368 shares in the last quarter. Lindbrook Capital LLC grew its position in shares of Juniper Networks by 90.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,531 shares of the network equipment provider’s stock worth $45,000 after buying an additional 729 shares in the last quarter. Finally, Planned Solutions Inc. bought a new position in shares of Juniper Networks during the 4th quarter worth $74,000. Hedge funds and other institutional investors own 91.95% of the company’s stock.

Insiders Place Their Bets

In related news, COO Manoj Leelanivas sold 98,530 shares of Juniper Networks stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $37.00, for a total transaction of $3,645,610.00. Following the completion of the sale, the chief operating officer now owns 73,684 shares of the company’s stock, valued at $2,726,308. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Manoj Leelanivas sold 98,530 shares of Juniper Networks stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $37.00, for a total transaction of $3,645,610.00. Following the completion of the sale, the chief operating officer now owns 73,684 shares of the company’s stock, valued at $2,726,308. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rami Rahim sold 5,556 shares of Juniper Networks stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $37.10, for a total value of $206,127.60. Following the sale, the chief executive officer now directly owns 829,406 shares of the company’s stock, valued at approximately $30,770,962.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 221,856 shares of company stock valued at $8,187,658. 1.28% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a research report on Friday, April 26th. KeyCorp reissued a “sector weight” rating on shares of Juniper Networks in a research report on Thursday, January 11th. StockNews.com assumed coverage on Juniper Networks in a research report on Friday. They set a “hold” rating on the stock. Rosenblatt Securities raised their price objective on Juniper Networks from $31.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, January 10th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $40.00 price objective (up previously from $35.00) on shares of Juniper Networks in a research report on Thursday, January 11th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $34.55.

Juniper Networks Price Performance

Shares of NYSE JNPR opened at $34.84 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.27 and a current ratio of 1.74. The company has a market cap of $11.32 billion, a PE ratio of 50.49, a P/E/G ratio of 8.76 and a beta of 0.98. The business has a 50-day simple moving average of $36.57 and a two-hundred day simple moving average of $33.14. Juniper Networks, Inc. has a fifty-two week low of $24.87 and a fifty-two week high of $38.04.

Juniper Networks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 3rd will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Monday, June 3rd. Juniper Networks’s dividend payout ratio is presently 127.54%.

Juniper Networks Company Profile

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.