Mutual of America Capital Management LLC Trims Stock Position in Juniper Networks, Inc. (NYSE:JNPR)

Mutual of America Capital Management LLC lessened its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,657 shares of the network equipment provider’s stock after selling 869 shares during the period. Mutual of America Capital Management LLC’s holdings in Juniper Networks were worth $1,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Venturi Wealth Management LLC raised its position in shares of Juniper Networks by 60.3% in the third quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock worth $46,000 after acquiring an additional 447 shares during the period. Longfellow Investment Management Co. LLC raised its position in shares of Juniper Networks by 84.7% in the third quarter. Longfellow Investment Management Co. LLC now owns 1,830 shares of the network equipment provider’s stock worth $71,000 after acquiring an additional 839 shares during the period. Brooklyn Investment Group acquired a new position in shares of Juniper Networks in the third quarter worth about $76,000. Quarry LP increased its stake in shares of Juniper Networks by 89.0% during the third quarter. Quarry LP now owns 2,922 shares of the network equipment provider’s stock worth $114,000 after purchasing an additional 1,376 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Juniper Networks by 12.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 4,913 shares of the network equipment provider’s stock worth $184,000 after purchasing an additional 549 shares in the last quarter. Institutional investors and hedge funds own 91.95% of the company’s stock.

Juniper Networks Stock Up 0.0 %

Shares of NYSE JNPR opened at $36.07 on Friday. Juniper Networks, Inc. has a 12-month low of $33.72 and a 12-month high of $39.79. The stock has a market cap of $12.02 billion, a PE ratio of 41.94, a P/E/G ratio of 2.20 and a beta of 0.86. The company has a current ratio of 1.46, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average of $36.92 and a 200 day moving average of $37.70.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results on Tuesday, February 4th. The network equipment provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.13). Juniper Networks had a net margin of 5.67% and a return on equity of 7.57%. As a group, sell-side analysts predict that Juniper Networks, Inc. will post 1.33 EPS for the current fiscal year.

Juniper Networks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 3rd will be paid a $0.22 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.88 annualized dividend and a dividend yield of 2.44%. Juniper Networks’s dividend payout ratio (DPR) is 102.33%.

Insider Activity

In other news, COO Manoj Leelanivas sold 30,978 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $36.02, for a total value of $1,115,827.56. Following the transaction, the chief operating officer now directly owns 94,771 shares in the company, valued at approximately $3,413,651.42. This represents a 24.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Argus cut shares of Juniper Networks from a “buy” rating to a “hold” rating in a research note on Friday, February 7th. Evercore ISI raised shares of Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 target price for the company in a research note on Tuesday, February 4th. Barclays boosted their target price on shares of Juniper Networks from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. Finally, StockNews.com cut shares of Juniper Networks from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 3rd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Juniper Networks has a consensus rating of “Hold” and an average price target of $39.80.

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.