Juniper Networks, Inc. (NYSE:JNPR) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC reduced its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 3.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 81,214 shares of the network equipment provider’s stock after selling 2,524 shares during the quarter. New York Life Investment Management LLC’s holdings in Juniper Networks were worth $2,394,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hartford Financial Management Inc. raised its holdings in Juniper Networks by 51.3% during the fourth quarter. Hartford Financial Management Inc. now owns 973 shares of the network equipment provider’s stock worth $29,000 after purchasing an additional 330 shares during the last quarter. Blue Trust Inc. raised its holdings in Juniper Networks by 34.4% during the fourth quarter. Blue Trust Inc. now owns 1,439 shares of the network equipment provider’s stock worth $40,000 after purchasing an additional 368 shares during the last quarter. Tocqueville Asset Management L.P. raised its holdings in Juniper Networks by 3.5% during the third quarter. Tocqueville Asset Management L.P. now owns 11,075 shares of the network equipment provider’s stock worth $308,000 after purchasing an additional 375 shares during the last quarter. Wahed Invest LLC raised its holdings in Juniper Networks by 8.2% during the third quarter. Wahed Invest LLC now owns 4,968 shares of the network equipment provider’s stock worth $138,000 after purchasing an additional 377 shares during the last quarter. Finally, Profund Advisors LLC raised its holdings in Juniper Networks by 1.0% during the third quarter. Profund Advisors LLC now owns 40,842 shares of the network equipment provider’s stock worth $1,135,000 after purchasing an additional 410 shares during the last quarter. 91.95% of the stock is owned by institutional investors and hedge funds.

Juniper Networks Price Performance

Shares of Juniper Networks stock opened at $34.84 on Monday. Juniper Networks, Inc. has a twelve month low of $24.87 and a twelve month high of $38.04. The stock has a market capitalization of $11.32 billion, a P/E ratio of 50.49, a PEG ratio of 8.76 and a beta of 0.98. The company has a current ratio of 1.74, a quick ratio of 1.27 and a debt-to-equity ratio of 0.36. The business’s fifty day moving average price is $36.57 and its 200 day moving average price is $33.14.

Juniper Networks Announces Dividend

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

Insider Activity at Juniper Networks

In other Juniper Networks news, CEO Rami Rahim sold 5,555 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $34.83, for a total transaction of $193,480.65. Following the transaction, the chief executive officer now owns 997,874 shares in the company, valued at $34,755,951.42. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Rami Rahim sold 5,555 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $34.83, for a total value of $193,480.65. Following the transaction, the chief executive officer now owns 997,874 shares in the company, valued at $34,755,951.42. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Robert Mobassaly sold 5,173 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $36.78, for a total value 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. Over the last 90 days, insiders have sold 221,856 shares of company stock worth $8,187,658. 1.28% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on JNPR. Barclays raised their price target on Juniper Networks from $40.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Jefferies Financial Group reissued a “hold” rating and set a $40.00 price target (up previously from $35.00) on shares of Juniper Networks in a research report on Thursday, January 11th. KeyCorp reissued a “sector weight” rating on shares of Juniper Networks in a research report on Thursday, January 11th. StockNews.com began coverage on Juniper Networks in a research report on Friday. They set a “hold” rating for the company. Finally, Morgan Stanley raised Juniper Networks from an “underweight” rating to an “equal weight” rating and set a $40.00 price target for the company 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 company’s stock. According to data from MarketBeat.com, Juniper Networks presently has an average rating of “Hold” and a consensus price target of $34.55.

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.