Royal London Asset Management Ltd. Has $3.91 Million Stock Position in Juniper Networks, Inc. (NYSE:JNPR)

Royal London Asset Management Ltd. lifted its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 132,589 shares of the network equipment provider’s stock after purchasing an additional 975 shares during the period. Royal London Asset Management Ltd.’s holdings in Juniper Networks were worth $3,909,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of JNPR. Charles Schwab Investment Management Inc. grew its holdings in Juniper Networks by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,821,292 shares of the network equipment provider’s stock valued at $83,172,000 after purchasing an additional 54,735 shares during the last quarter. Nordea Investment Management AB grew its stake in Juniper Networks by 2,096.4% in the 4th quarter. Nordea Investment Management AB now owns 452,455 shares of the network equipment provider’s stock valued at $13,212,000 after buying an additional 431,855 shares during the last quarter. Eisler Capital UK Ltd. bought a new position in Juniper Networks in the 4th quarter worth $816,000. Treasurer of the State of North Carolina lifted its position in Juniper Networks by 20.2% during the 4th quarter. Treasurer of the State of North Carolina now owns 178,219 shares of the network equipment provider’s stock worth $5,254,000 after acquiring an additional 29,905 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Juniper Networks by 43.9% during the fourth quarter. BNP Paribas Financial Markets now owns 520,932 shares of the network equipment provider’s stock valued at $15,357,000 after acquiring an additional 158,913 shares during the period. 91.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

JNPR has been the topic of a number of recent analyst reports. Barclays lifted their price objective on Juniper Networks from $40.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of Juniper Networks in a research report on Friday, April 26th. Finally, StockNews.com initiated coverage on Juniper Networks in a research report on Wednesday. They issued a “hold” rating for the company. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Juniper Networks currently has an average rating of “Hold” and a consensus target price of $34.55.

Insiders Place Their Bets

In related news, CEO Rami Rahim sold 5,555 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $37.04, for a total value of $205,757.20. Following the sale, the chief executive officer now owns 1,014,539 shares of the company’s stock, valued at approximately $37,578,524.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Juniper Networks news, CFO Kenneth Bradley Miller sold 15,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $34.47, for a total value of $517,050.00. Following the transaction, the chief financial officer now directly owns 69,435 shares in the company, valued at $2,393,424.45. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Rami Rahim sold 5,555 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $37.04, for a total transaction of $205,757.20. Following the sale, the chief executive officer now directly owns 1,014,539 shares in the company, valued at $37,578,524.56. The disclosure for this sale can be found here. Insiders sold a total of 48,330 shares of company stock worth $1,708,320 over the last quarter. Company insiders own 1.28% of the company’s stock.

Juniper Networks Stock Performance

Shares of JNPR traded down $0.09 on Friday, reaching $35.46. 3,002,092 shares of the stock traded hands, compared to its average volume of 1,886,482. The stock’s 50-day moving average price is $35.32 and its 200-day moving average price is $34.89. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.27. The firm has a market cap of $11.52 billion, a price-to-earnings ratio of 51.39, a P/E/G ratio of 9.24 and a beta of 0.96. Juniper Networks, Inc. has a 12 month low of $24.87 and a 12 month high of $38.04.

Juniper Networks (NYSE:JNPR) last announced its quarterly earnings results on Thursday, April 25th. The network equipment provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.09). The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.23 billion. Juniper Networks had a net margin of 4.19% and a return on equity of 10.02%. Equities analysts forecast that Juniper Networks, Inc. will post 1.08 EPS for the current fiscal year.

Juniper Networks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 3rd will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.48%. The ex-dividend date is Monday, June 3rd. Juniper Networks’s dividend payout ratio (DPR) is presently 127.54%.

Juniper Networks 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.