Arrowstreet Capital Limited Partnership Acquires 576,461 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Arrowstreet Capital Limited Partnership boosted its position in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 736.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 654,750 shares of the network equipment provider's stock after purchasing an additional 576,461 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.20% of Juniper Networks worth $24,520,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of JNPR. Hollencrest Capital Management acquired a new stake in shares of Juniper Networks in the fourth quarter valued at approximately $38,000. EverSource Wealth Advisors LLC lifted its position in Juniper Networks by 47.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the network equipment provider's stock worth $42,000 after buying an additional 363 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of 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 last quarter. Smartleaf Asset Management LLC grew its holdings in shares of 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 valued at $78,000 after acquiring an additional 616 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of Juniper Networks by 32.0% during the 4th quarter. Jones Financial Companies Lllp now owns 2,654 shares of the network equipment provider's stock worth $99,000 after purchasing an additional 643 shares during the last quarter. Institutional investors and hedge funds own 91.95% of the company's stock.

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Analyst Upgrades and Downgrades

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

Juniper Networks Price Performance

Juniper Networks stock traded down $0.21 during mid-day trading on Tuesday, reaching $33.93. The company had a trading volume of 3,752,032 shares, compared to its average volume of 3,288,225. The company has a current ratio of 1.46, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25. The company has a market cap of $11.31 billion, a P/E ratio of 39.45, a P/E/G ratio of 2.20 and a beta of 0.84. Juniper Networks, Inc. has a fifty-two week low of $33.42 and a fifty-two week high of $39.79. The business has a fifty day simple moving average of $35.77 and a 200 day simple moving average of $37.19.

Juniper Networks (NYSE:JNPR - Get Free Report) last released its earnings results on Tuesday, February 4th. The network equipment provider reported $0.45 earnings per share (EPS) 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%. On average, equities research 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 disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend was Monday, March 3rd. Juniper Networks's dividend payout ratio is currently 102.33%.

Insider Activity at Juniper Networks

In other news, COO Manoj Leelanivas sold 30,978 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $36.02, for a total transaction of $1,115,827.56. Following the completion of the transaction, the chief operating officer now directly owns 94,771 shares of the company's stock, 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 at the SEC website. 1.28% of the stock is currently owned by insiders.

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.