Tokio Marine Asset Management Co. Ltd. Acquires 230,273 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 95.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 471,147 shares of the network equipment provider’s stock after purchasing an additional 230,273 shares during the quarter. Juniper Networks comprises about 0.8% of Tokio Marine Asset Management Co. Ltd.’s investment portfolio, making the stock its 28th biggest position. Tokio Marine Asset Management Co. Ltd. owned approximately 0.14% of Juniper Networks worth $18,365,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Larson Financial Group LLC boosted its position in Juniper Networks by 2,069.4% during the second quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider’s stock worth $28,000 after purchasing an additional 745 shares during the period. OFI Invest Asset Management bought a new stake in shares of Juniper Networks during the 2nd quarter worth $31,000. Longfellow Investment Management Co. LLC acquired a new position in Juniper Networks in the 2nd quarter valued at $36,000. Venturi Wealth Management LLC lifted its position in Juniper Networks by 60.3% during the 3rd 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 last quarter. Finally, Quarry LP boosted its holdings in Juniper Networks by 71.4% during the second quarter. Quarry LP now owns 1,546 shares of the network equipment provider’s stock valued at $56,000 after acquiring an additional 644 shares during the period. Institutional investors and hedge funds own 91.95% of the company’s stock.

Juniper Networks Trading Up 0.1 %

JNPR traded up $0.04 during mid-day trading on Thursday, reaching $38.29. The stock had a trading volume of 8,938 shares, compared to its average volume of 3,612,550. The stock has a market capitalization of $12.68 billion, a P/E ratio of 50.36, a P/E/G ratio of 12.16 and a beta of 0.93. Juniper Networks, Inc. has a 52 week low of $25.83 and a 52 week high of $39.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.30 and a current ratio of 1.72. The firm’s fifty day simple moving average is $38.87 and its two-hundred day simple moving average is $37.36.

Juniper Networks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be given a $0.22 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.88 annualized dividend and a dividend yield of 2.30%. Juniper Networks’s dividend payout ratio is currently 115.79%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Rosenblatt Securities reissued a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a report on Friday, November 1st. StockNews.com initiated coverage on Juniper Networks in a research report on Monday, September 16th. They set a “hold” rating on the stock. Barclays cut their price target on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Citigroup reissued a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a report on Monday, September 23rd. Finally, Needham & Company LLC restated a “hold” rating on shares of Juniper Networks in a research note on Friday, July 26th. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $39.50.

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.