Mutual of America Capital Management LLC Sells 2,297 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Mutual of America Capital Management LLC lessened its stake in Juniper Networks, Inc. (NYSE:JNPR) by 5.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 42,685 shares of the network equipment provider’s stock after selling 2,297 shares during the period. Mutual of America Capital Management LLC’s holdings in Juniper Networks were worth $1,258,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in JNPR. CWM LLC boosted its stake in Juniper Networks by 15.6% during the third quarter. CWM LLC now owns 3,091 shares of the network equipment provider’s stock worth $86,000 after acquiring an additional 417 shares in the last quarter. AE Wealth Management LLC acquired a new position in shares of Juniper Networks during the third quarter worth approximately $230,000. Ronald Blue Trust Inc. raised its position in shares of Juniper Networks by 74.1% during the third quarter. Ronald Blue Trust Inc. now owns 1,071 shares of the network equipment provider’s stock worth $30,000 after purchasing an additional 456 shares during the period. DnB Asset Management AS lifted its holdings in shares of Juniper Networks by 7.1% in the 3rd quarter. DnB Asset Management AS now owns 76,153 shares of the network equipment provider’s stock worth $2,116,000 after purchasing an additional 5,044 shares in the last quarter. Finally, Czech National Bank grew its position in Juniper Networks by 47.5% in the 3rd quarter. Czech National Bank now owns 56,167 shares of the network equipment provider’s stock valued at $1,561,000 after purchasing an additional 18,096 shares during the period. 91.95% of the stock is currently owned by institutional investors.

Juniper Networks Trading Up 0.2 %

NYSE JNPR opened at $36.12 on Tuesday. The business’s fifty day moving average is $36.93 and its 200-day moving average is $32.63. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.80 and a quick ratio of 1.35. The stock has a market capitalization of $11.72 billion, a price-to-earnings ratio of 38.02, a PEG ratio of 7.38 and a beta of 0.98. Juniper Networks, Inc. has a one year low of $24.87 and a one year high of $38.04.

Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Tuesday, January 30th. The network equipment provider reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). Juniper Networks had a return on equity of 11.72% and a net margin of 5.57%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.41 billion. Equities research analysts predict that Juniper Networks, Inc. will post 1.37 EPS for the current year.

Juniper Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 1st were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.44%. The ex-dividend date was Thursday, February 29th. Juniper Networks’s dividend payout ratio (DPR) is 92.63%.

Insiders Place Their Bets

In other news, CEO Rami Rahim sold 5,555 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $37.06, for a total transaction of $205,868.30. Following the completion of the transaction, the chief executive officer now owns 1,003,429 shares in the company, valued at approximately $37,187,078.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Robert Mobassaly sold 5,173 shares of Juniper Networks stock in a transaction that occurred on Wednesday, February 21st. The shares were 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 directly owns 36,061 shares in the company, valued at approximately $1,326,323.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rami Rahim sold 5,555 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $37.06, for a total value of $205,868.30. Following the sale, the chief executive officer now owns 1,003,429 shares in the company, valued at approximately $37,187,078.74. The disclosure for this sale can be found here. Insiders sold 216,302 shares of company stock valued at $8,005,602 over the last ninety days. 1.29% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on JNPR shares. Morgan Stanley raised shares of Juniper Networks from an “underweight” rating to an “equal weight” rating and set a $40.00 price objective on the stock in a research note on Thursday, January 11th. StockNews.com began coverage on Juniper Networks in a research note on Wednesday, April 17th. They set a “hold” rating for the company. Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a research note on Wednesday, January 10th. KeyCorp reaffirmed a “sector weight” rating on shares of Juniper Networks in a research report on Thursday, January 11th. Finally, Barclays restated an “equal weight” rating on shares of Juniper Networks in a research note on Wednesday, January 10th. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $34.27.

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.