Chevy Chase Trust Holdings LLC Lowers Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Chevy Chase Trust Holdings LLC lowered its stake in shares of Juniper Networks, Inc. (NYSE:JNPR – Get Rating) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 186,672 shares of the network equipment provider’s stock after selling 10,445 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.06% of Juniper Networks worth $5,966,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. McElhenny Sheffield Capital Management LLC purchased a new stake in shares of Juniper Networks during the 4th quarter valued at $32,000. Private Trust Co. NA raised its position in shares of Juniper Networks by 91.9% during the 4th quarter. Private Trust Co. NA now owns 1,094 shares of the network equipment provider’s stock valued at $35,000 after buying an additional 524 shares in the last quarter. Capital Analysts LLC purchased a new stake in shares of Juniper Networks during the 4th quarter valued at $53,000. Ronald Blue Trust Inc. raised its position in shares of Juniper Networks by 109.6% during the 4th quarter. Ronald Blue Trust Inc. now owns 2,748 shares of the network equipment provider’s stock valued at $72,000 after buying an additional 1,437 shares in the last quarter. Finally, Benjamin Edwards Inc. raised its position in shares of Juniper Networks by 101.5% during the 4th quarter. Benjamin Edwards Inc. now owns 2,944 shares of the network equipment provider’s stock valued at $94,000 after buying an additional 1,483 shares in the last quarter. Hedge funds and other institutional investors own 89.22% of the company’s stock.

Juniper Networks Price Performance

Shares of NYSE JNPR opened at $29.54 on Monday. Juniper Networks, Inc. has a 1 year low of $25.18 and a 1 year high of $34.53. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.76 and a quick ratio of 1.40. The company’s 50-day moving average is $31.44 and its 200 day moving average is $31.50. The stock has a market capitalization of $9.50 billion, a P/E ratio of 19.31, a P/E/G ratio of 2.38 and a beta of 0.95.

Juniper Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Thursday, June 1st will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Wednesday, May 31st. Juniper Networks’s dividend payout ratio (DPR) is presently 57.52%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on JNPR shares. Rosenblatt Securities raised their price objective on shares of Juniper Networks from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, February 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $39.00 target price on shares of Juniper Networks in a report on Tuesday, February 21st. Citigroup increased their target price on shares of Juniper Networks from $30.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, February 1st. Barclays increased their target price on shares of Juniper Networks from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, February 1st. Finally, StockNews.com started coverage on shares of Juniper Networks in a report on Thursday. They set a “buy” rating on the stock. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $34.87.

Insiders Place Their Bets

In other news, Director Anne Delsanto sold 900 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $30.75, for a total value of $27,675.00. Following the transaction, the director now owns 26,636 shares in the company, valued at $819,057. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Anne Delsanto sold 900 shares of the stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $30.75, for a total value of $27,675.00. Following the completion of the sale, the director now directly owns 26,636 shares of the company’s stock, valued at $819,057. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Robert Mobassaly sold 2,678 shares of the stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $31.50, for a total transaction of $84,357.00. Following the completion of the sale, the senior vice president now directly owns 21,899 shares of the company’s stock, valued at $689,818.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,378 shares of company stock worth $931,608. 1.29% of the stock is currently owned by company insiders.

About Juniper Networks

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Juniper Networks, Inc engages in the business of designing, developing, and selling products and services for high-performance networks to enable customers to build networks for their businesses while achieving agility and improved operating efficiency through automation. The firm also offers routing, switching, Wi-Fi, network security, artificial intelligence-enabled enterprise networking operations, and software-defined networking technologies.