Allstate Corp Makes New $276,000 Investment in Juniper Networks, Inc. (NYSE:JNPR)

Allstate Corp acquired a new position in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,377 shares of the network equipment provider's stock, valued at approximately $276,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC raised its position in shares of Juniper Networks by 80.2% in the third quarter. Cerity Partners LLC now owns 17,324 shares of the network equipment provider's stock valued at $675,000 after buying an additional 7,709 shares during the last quarter. FMR LLC grew its stake in Juniper Networks by 19.3% in the 3rd quarter. FMR LLC now owns 53,118 shares of the network equipment provider's stock worth $2,071,000 after acquiring an additional 8,577 shares during the period. Townsquare Capital LLC acquired a new position in Juniper Networks in the 3rd quarter valued at $224,000. Captrust Financial Advisors purchased a new position in shares of Juniper Networks during the 3rd quarter worth $210,000. Finally, Hilltop Holdings Inc. boosted its holdings in shares of Juniper Networks by 1.2% during the third quarter. Hilltop Holdings Inc. now owns 47,639 shares of the network equipment provider's stock worth $1,857,000 after purchasing an additional 580 shares during the last quarter. Institutional investors and hedge funds own 91.95% of the company's stock.

Insider Buying and Selling at Juniper Networks

In other Juniper Networks news, COO Manoj Leelanivas sold 30,978 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 94,771 shares in the company, valued at $3,413,651.42. This represents a 24.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.28% of the stock is currently owned by corporate insiders.

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Juniper Networks Trading Up 0.7 %

Shares of NYSE JNPR traded up $0.24 during midday trading on Monday, hitting $34.19. The stock had a trading volume of 5,706,881 shares, compared to its average volume of 3,287,973. The company has a fifty day moving average price of $35.84 and a 200 day moving average price of $37.25. The company has a market capitalization of $11.39 billion, a price-to-earnings ratio of 39.75, a PEG ratio of 2.20 and a beta of 0.84. Juniper Networks, Inc. has a 1-year low of $33.42 and a 1-year high of $39.79. 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 quarterly earnings results on Tuesday, February 4th. The network equipment provider reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by ($0.13). Juniper Networks had a net margin of 5.67% and a return on equity of 7.57%. On average, analysts predict that Juniper Networks, Inc. will post 1.33 earnings per share for the current year.

Juniper Networks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 3rd were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.88 annualized dividend and a yield of 2.57%. Juniper Networks's dividend payout ratio is currently 102.33%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. StockNews.com lowered Juniper Networks from a "strong-buy" rating to a "buy" rating in a research note on Friday, March 28th. Barclays upped their price objective on shares of Juniper Networks from $37.00 to $39.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 5th. Argus cut shares of Juniper Networks from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. Finally, Evercore ISI raised shares of Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 price target for the company in a research report on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Juniper Networks presently has a consensus rating of "Hold" and an average price target of $39.80.

Juniper Networks Company 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.