Achmea Investment Management B.V. Raises Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Achmea Investment Management B.V. grew its position in shares of Juniper Networks, Inc. (NYSE:JNPRGet Rating) by 330.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 213,392 shares of the network equipment provider’s stock after buying an additional 163,812 shares during the period. Achmea Investment Management B.V. owned 0.07% of Juniper Networks worth $7,930,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Hsbc Holdings PLC lifted its holdings in Juniper Networks by 46.1% during the 1st quarter. Hsbc Holdings PLC now owns 592,938 shares of the network equipment provider’s stock worth $22,146,000 after purchasing an additional 187,074 shares in the last quarter. ING Groep NV lifted its holdings in Juniper Networks by 20.3% during the 1st quarter. ING Groep NV now owns 52,738 shares of the network equipment provider’s stock worth $1,960,000 after purchasing an additional 8,914 shares in the last quarter. Verition Fund Management LLC purchased a new stake in Juniper Networks during the 1st quarter worth about $5,346,000. Charles Schwab Investment Management Inc. lifted its holdings in Juniper Networks by 2.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,627,855 shares of the network equipment provider’s stock worth $97,651,000 after purchasing an additional 67,474 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in Juniper Networks during the 1st quarter worth about $673,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Juniper Networks Price Performance

Shares of Juniper Networks stock opened at $29.04 on Friday. Juniper Networks, Inc. has a 52-week low of $26.20 and a 52-week high of $38.14. The stock has a market capitalization of $9.37 billion, a price-to-earnings ratio of 24.40, a price-to-earnings-growth ratio of 2.01 and a beta of 0.86. The company has a fifty day moving average of $28.55 and a 200-day moving average of $31.08. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.37 and a current ratio of 1.58.

Juniper Networks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 22nd. Investors of record on Thursday, September 1st will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.84 dividend on an annualized basis and a yield of 2.89%. Juniper Networks’s dividend payout ratio is currently 70.59%.

Insider Activity at Juniper Networks

In related news, CEO Rami Rahim sold 5,555 shares of the company’s stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $28.54, for a total transaction of $158,539.70. Following the completion of the sale, the chief executive officer now directly owns 857,485 shares in the company, valued at approximately $24,472,621.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 36,110 shares of company stock worth $1,017,225 in the last three months. 1.30% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Bank of America cut Juniper Networks from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $40.00 to $32.00 in a report on Wednesday, July 20th. KeyCorp decreased their target price on Juniper Networks from $46.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 27th. Rosenblatt Securities decreased their target price on Juniper Networks from $33.00 to $32.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 27th. Citigroup decreased their target price on Juniper Networks from $36.00 to $30.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 27th. Finally, Credit Suisse Group decreased their target price on Juniper Networks from $28.00 to $27.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 27th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Juniper Networks currently has a consensus rating of “Hold” and an average price target of $33.41.

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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