Swiss National Bank Has $29.55 Million Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Swiss National Bank reduced its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,002,500 shares of the network equipment provider’s stock after selling 31,900 shares during the quarter. Swiss National Bank owned 0.31% of Juniper Networks worth $29,554,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. increased its position in shares of Juniper Networks by 4.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,614,022 shares of the network equipment provider’s stock worth $47,581,000 after purchasing an additional 69,711 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Juniper Networks by 6.4% during the 4th quarter. Van ECK Associates Corp now owns 8,723 shares of the network equipment provider’s stock worth $257,000 after purchasing an additional 522 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Juniper Networks during the 4th quarter worth about $205,000. Intact Investment Management Inc. acquired a new stake in shares of Juniper Networks during the 4th quarter worth about $2,123,000. Finally, Russell Investments Group Ltd. increased its position in shares of Juniper Networks by 2.7% during the 4th quarter. Russell Investments Group Ltd. now owns 1,147,409 shares of the network equipment provider’s stock worth $33,829,000 after purchasing an additional 29,850 shares in the last quarter. 91.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on JNPR shares. KeyCorp reiterated a “sector weight” rating on shares of Juniper Networks in a research report on Thursday, January 11th. Morgan Stanley raised shares of Juniper Networks from an “underweight” rating to an “equal weight” rating and set a $40.00 price objective on the stock in a report on Thursday, January 11th. Rosenblatt Securities increased their price objective on shares of Juniper Networks from $31.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. Barclays increased 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. Finally, Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a report on Friday, April 26th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $34.55.

Insider Buying and Selling at Juniper Networks

In other news, CEO Rami Rahim sold 5,555 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $37.53, for a total value of $208,479.15. Following the sale, the chief executive officer now directly owns 1,019,589 shares in the company, valued at approximately $38,265,175.17. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Rami Rahim sold 5,555 shares of Juniper Networks stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $37.53, for a total transaction of $208,479.15. Following the sale, the chief executive officer now directly owns 1,019,589 shares in the company, valued at approximately $38,265,175.17. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Robert Mobassaly sold 5,173 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $36.78, for a total transaction of $190,262.94. Following the completion of the transaction, the senior vice president now owns 36,061 shares in the company, valued at approximately $1,326,323.58. The disclosure for this sale can be found here. Insiders have sold a total of 216,300 shares of company stock valued at $7,981,530 in the last ninety days. 1.28% of the stock is currently owned by company insiders.

Juniper Networks Price Performance

Shares of JNPR opened at $34.59 on Thursday. The firm has a market capitalization of $11.24 billion, a PE ratio of 50.13, a PEG ratio of 8.76 and a beta of 0.98. The company’s 50-day moving average is $36.43 and its 200-day moving average is $33.33. Juniper Networks, Inc. has a fifty-two week low of $24.87 and a fifty-two week high of $38.04. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.27.

Juniper Networks Dividend Announcement

The company also recently announced 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 2.54%. The ex-dividend date is Monday, June 3rd. Juniper Networks’s dividend payout ratio is currently 127.54%.

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.