AGF Management Ltd. decreased its stake in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,330 shares of the network equipment provider's stock after selling 7,364 shares during the period. AGF Management Ltd.'s holdings in Juniper Networks were worth $2,709,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted its stake in 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 valued at $46,000 after buying an additional 447 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Juniper Networks by 139.5% in the 4th quarter. Larson Financial Group LLC now owns 1,794 shares of the network equipment provider's stock worth $67,000 after acquiring an additional 1,045 shares during the period. Longfellow Investment Management Co. LLC lifted its position in Juniper Networks by 84.7% in the 3rd quarter. Longfellow Investment Management Co. LLC now owns 1,830 shares of the network equipment provider's stock valued at $71,000 after purchasing an additional 839 shares during the last quarter. Brooklyn Investment Group acquired a new position in Juniper Networks during the 3rd quarter valued at about $76,000. Finally, Smartleaf Asset Management LLC grew its position in Juniper Networks by 41.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,099 shares of the network equipment provider's stock worth $78,000 after purchasing an additional 616 shares during the last quarter. Institutional investors and hedge funds own 91.95% of the company's stock.
Juniper Networks Price Performance
NYSE JNPR traded up $0.36 on Monday, reaching $36.12. 7,409,363 shares of the stock traded hands, compared to its average volume of 4,233,118. Juniper Networks, Inc. has a 12 month low of $33.72 and a 12 month high of $39.79. The company has a market cap of $12.03 billion, a price-to-earnings ratio of 41.99, a P/E/G ratio of 2.20 and a beta of 0.86. The firm's fifty day simple moving average is $36.72 and its 200 day simple moving average is $37.58. The company has a quick ratio of 1.14, a current ratio of 1.46 and a debt-to-equity ratio of 0.25.
Juniper Networks (NYSE:JNPR - Get Free Report) last announced its 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, research analysts predict that Juniper Networks, Inc. will post 1.33 EPS for the current fiscal year.
Juniper Networks Announces Dividend
The firm also recently disclosed 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 is currently 102.33%.
Insider Buying and Selling
In related news, COO Manoj Leelanivas sold 30,978 shares of Juniper Networks stock in a transaction on Wednesday, February 26th. The stock was 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 $3,413,651.42. The trade was a 24.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.28% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on JNPR shares. Barclays lifted their price target on Juniper Networks from $37.00 to $39.00 and gave the company an "equal weight" rating in a report on Wednesday, February 5th. Argus downgraded Juniper Networks from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Evercore ISI raised Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 price target for the company in a research note on Tuesday, February 4th. 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 analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $39.80.
Check Out Our Latest Report on Juniper Networks
Juniper Networks Profile
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Free Report)
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.
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