APG Asset Management N.V. Purchases 168,734 Shares of Juniper Networks, Inc. (NYSE:JNPR)

APG Asset Management N.V. increased its stake in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 1,216.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 182,600 shares of the network equipment provider's stock after buying an additional 168,734 shares during the period. APG Asset Management N.V. owned 0.06% of Juniper Networks worth $6,604,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Hollencrest Capital Management bought a new stake in shares of Juniper Networks during the fourth quarter worth approximately $38,000. EverSource Wealth Advisors LLC boosted its stake in Juniper Networks by 47.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the network equipment provider's stock valued at $42,000 after purchasing an additional 363 shares during the period. Huntington National Bank grew its holdings in Juniper Networks by 91.9% in the 4th quarter. Huntington National Bank now owns 1,263 shares of the network equipment provider's stock valued at $47,000 after buying an additional 605 shares in the last quarter. Larson Financial Group LLC increased its position in Juniper Networks by 139.5% during the 4th quarter. Larson Financial Group LLC now owns 1,794 shares of the network equipment provider's stock worth $67,000 after buying an additional 1,045 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in Juniper Networks by 41.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,099 shares of the network equipment provider's stock worth $78,000 after buying an additional 616 shares during the period. Institutional investors and hedge funds own 91.95% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Barclays upped their price target 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. StockNews.com downgraded shares of Juniper Networks from a "strong-buy" rating to a "buy" rating in a research report on Friday, March 28th. Argus downgraded Juniper Networks from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. Finally, Evercore ISI upgraded Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 price objective on the stock in a research note on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $39.80.

Juniper Networks Price Performance

JNPR traded down $0.08 during trading on Tuesday, hitting $34.70. 4,628,663 shares of the stock traded hands, compared to its average volume of 3,291,671. The business has a 50 day moving average price of $35.76 and a 200 day moving average price of $37.06. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.46 and a quick ratio of 1.14. Juniper Networks, Inc. has a twelve month low of $33.42 and a twelve month high of $39.79. The company has a market cap of $11.56 billion, a price-to-earnings ratio of 40.35, a PEG ratio of 2.20 and a beta of 0.84.

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

Juniper Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 3rd were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend was Monday, March 3rd. Juniper Networks's payout ratio is 102.33%.

Insider Buying and Selling at Juniper Networks

In other news, COO Manoj Leelanivas sold 30,978 shares of Juniper Networks stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $36.02, for a total transaction of $1,115,827.56. Following the sale, the chief operating officer now directly owns 94,771 shares of the company's stock, valued at approximately $3,413,651.42. This trade represents a 24.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.28% of the company's stock.

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.