Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 12.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,012 shares of the network equipment provider’s stock after buying an additional 2,010 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Juniper Networks were worth $501,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. PVG Asset Management Corp purchased a new position in Juniper Networks during the third quarter valued at approximately $2,429,000. Xact Kapitalforvaltning AB bought a new stake in Juniper Networks during the third quarter valued at $1,290,000. Piedmont Investment Advisors LLC bought a new stake in Juniper Networks during the third quarter valued at $823,000. Cadence Capital Management LLC increased its stake in Juniper Networks by 8.1% in the fourth quarter. Cadence Capital Management LLC now owns 12,653 shares of the network equipment provider’s stock valued at $358,000 after buying an additional 949 shares in the last quarter. Finally, BP PLC bought a new stake in Juniper Networks during the fourth quarter valued at $1,328,000. Institutional investors and hedge funds own 89.48% of the company’s stock.

Institutional Ownership by Quarter for Juniper Networks (NYSE:JNPR)

Shares of Juniper Networks, Inc. (NYSE JNPR) traded down 0.66% during midday trading on Friday, hitting $28.67. 4,716,809 shares of the stock were exchanged. Juniper Networks, Inc. has a 12-month low of $21.17 and a 12-month high of $30.96. The firm has a 50-day moving average price of $29.86 and a 200 day moving average price of $28.41. The firm has a market cap of $10.95 billion, a PE ratio of 18.13 and a beta of 1.01.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings results on Tuesday, April 25th. The network equipment provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. Juniper Networks had a return on equity of 13.59% and a net margin of 12.10%. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the company earned $0.37 earnings per share. Analysts predict that Juniper Networks, Inc. will post $2.23 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 22nd. Investors of record on Thursday, June 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.40 annualized dividend and a yield of 1.40%. Juniper Networks’s dividend payout ratio is currently 25.00%.

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Several analysts have weighed in on JNPR shares. Instinet reissued a “buy” rating and set a $33.00 target price on shares of Juniper Networks in a research report on Thursday, April 6th. Goldman Sachs Group, Inc. (The) upped their price objective on shares of Juniper Networks from $31.00 to $36.00 and gave the company a “conviction-buy” rating in a report on Monday, March 27th. Berenberg Bank assumed coverage on shares of Juniper Networks in a report on Tuesday, April 4th. They issued a “buy” rating and a $35.00 price objective on the stock. Cowen and Company reaffirmed a “market perform” rating and issued a $30.00 price objective on shares of Juniper Networks in a report on Saturday, March 11th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $30.00 price objective (up from $27.00) on shares of Juniper Networks in a report on Wednesday, April 26th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Juniper Networks currently has an average rating of “Hold” and an average price target of $30.06.

In related news, EVP Vincent Molinaro sold 13,792 shares of the firm’s stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $28.36, for a total transaction of $391,141.12. Following the completion of the transaction, the executive vice president now owns 4,597 shares of the company’s stock, valued at $130,370.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rami Rahim sold 10,700 shares of the stock in a transaction on Friday, May 12th. The shares were sold at an average price of $30.64, for a total value of $327,848.00. Following the completion of the transaction, the chief executive officer now owns 469,607 shares of the company’s stock, valued at approximately $14,388,758.48. The disclosure for this sale can be found here. Insiders have sold 188,892 shares of company stock valued at $5,728,423 in the last ninety days. Company insiders own 3.40% of the company’s stock.

About Juniper Networks

Juniper Networks, Inc designs, develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa, and Asia Pacific.

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