TCW Group Inc. Invests $561,000 in Juniper Networks, Inc. (JNPR)

TCW Group Inc. bought a new position in shares of Juniper Networks, Inc. (NYSE:JNPR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 19,687 shares of the network equipment provider’s stock, valued at approximately $561,000.

Several other hedge funds have also recently bought and sold shares of the company. Hillsdale Investment Management Inc. boosted its stake in shares of Juniper Networks by 18.6% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 12,750 shares of the network equipment provider’s stock worth $355,000 after acquiring an additional 2,000 shares in the last quarter. Aperio Group LLC boosted its stake in shares of Juniper Networks by 1.0% during the 3rd quarter. Aperio Group LLC now owns 196,518 shares of the network equipment provider’s stock worth $5,469,000 after acquiring an additional 2,028 shares in the last quarter. Stevens First Principles Investment Advisors boosted its stake in shares of Juniper Networks by 40.9% during the 3rd quarter. Stevens First Principles Investment Advisors now owns 7,045 shares of the network equipment provider’s stock worth $196,000 after acquiring an additional 2,045 shares in the last quarter. Strs Ohio boosted its stake in shares of Juniper Networks by 4.6% during the 3rd quarter. Strs Ohio now owns 51,605 shares of the network equipment provider’s stock worth $1,436,000 after acquiring an additional 2,249 shares in the last quarter. Finally, BKD Wealth Advisors LLC boosted its stake in shares of Juniper Networks by 17.2% during the 4th quarter. BKD Wealth Advisors LLC now owns 15,553 shares of the network equipment provider’s stock worth $443,000 after acquiring an additional 2,287 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently issued reports on JNPR. Robert W. Baird reissued a “hold” rating and set a $26.00 target price on shares of Juniper Networks in a research note on Thursday, November 30th. Loop Capital assumed coverage on shares of Juniper Networks in a research note on Monday, January 29th. They issued a “hold” rating and a $30.00 price target on the stock. Barclays lowered shares of Juniper Networks from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $28.00 to $25.00 in a research note on Wednesday, January 17th. ValuEngine raised shares of Juniper Networks from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Finally, Wells Fargo & Co assumed coverage on shares of Juniper Networks in a research note on Tuesday, November 14th. They issued a “market perform” rating and a $25.00 price target on the stock. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the company’s stock. Juniper Networks presently has an average rating of “Hold” and a consensus price target of $28.61.

Shares of Juniper Networks, Inc. (NYSE JNPR) opened at $26.12 on Friday. The company has a market cap of $9,759.38, a PE ratio of 32.25, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. The company has a quick ratio of 2.70, a current ratio of 2.41 and a debt-to-equity ratio of 0.46. Juniper Networks, Inc. has a 1-year low of $23.87 and a 1-year high of $30.96.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings data on Tuesday, January 30th. The network equipment provider reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.01. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. Juniper Networks had a net margin of 6.26% and a return on equity of 13.34%. Juniper Networks’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.66 EPS. equities research analysts expect that Juniper Networks, Inc. will post 1.34 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 1st will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.76%. This is an increase from Juniper Networks’s previous quarterly dividend of $0.10. Juniper Networks’s dividend payout ratio (DPR) is currently 49.38%.

Juniper Networks announced that its Board of Directors has initiated a share buyback program on Tuesday, January 30th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the network equipment provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

In other news, EVP Vincent Molinaro sold 7,647 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $26.21, for a total transaction of $200,427.87. Following the completion of the sale, the executive vice president now owns 17,989 shares in the company, valued at approximately $471,491.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Terrance F. Spidell sold 8,409 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $26.47, for a total transaction of $222,586.23. Following the sale, the vice president now owns 3,944 shares of the company’s stock, valued at approximately $104,397.68. The disclosure for this sale can be found here. Insiders have sold a total of 16,713 shares of company stock valued at $440,221 in the last 90 days. Insiders own 2.60% of the company’s stock.

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Juniper Networks Profile

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

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