Bank of Montreal Can Decreases Stake in Juniper Networks, Inc. (NYSE:JNPR)

Bank of Montreal Can cut its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 67.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 267,485 shares of the network equipment provider's stock after selling 547,899 shares during the quarter. Bank of Montreal Can owned approximately 0.08% of Juniper Networks worth $10,017,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Sierra Summit Advisors LLC grew its holdings in Juniper Networks by 30.7% in the 4th quarter. Sierra Summit Advisors LLC now owns 34,473 shares of the network equipment provider's stock valued at $1,291,000 after buying an additional 8,104 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Juniper Networks by 16.9% in the fourth quarter. Federated Hermes Inc. now owns 11,471 shares of the network equipment provider's stock valued at $430,000 after buying an additional 1,662 shares in the last quarter. Yakira Capital Management Inc. grew its position in Juniper Networks by 86.8% during the fourth quarter. Yakira Capital Management Inc. now owns 135,607 shares of the network equipment provider's stock worth $5,078,000 after buying an additional 63,000 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its stake in Juniper Networks by 52.4% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 560,159 shares of the network equipment provider's stock worth $20,978,000 after acquiring an additional 192,678 shares during the period. Finally, Dynamic Technology Lab Private Ltd increased its stake in Juniper Networks by 48.8% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 285,230 shares of the network equipment provider's stock worth $10,682,000 after acquiring an additional 93,563 shares during the period. Institutional investors own 91.95% of the company's stock.

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Insider Buying and Selling

In related news, COO Manoj Leelanivas sold 30,978 shares of the business's stock in a transaction dated 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 transaction, the chief operating officer now directly owns 94,771 shares in the company, valued at approximately $3,413,651.42. The trade was a 24.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.28% of the stock is currently owned by company insiders.

Juniper Networks Stock Down 0.2 %

Shares of Juniper Networks stock traded down $0.08 during trading on Tuesday, reaching $34.70. 4,628,663 shares of the company traded hands, compared to its average volume of 3,291,671. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.46 and a quick ratio of 1.14. The firm has a market capitalization of $11.56 billion, a PE ratio of 40.35, a P/E/G ratio of 2.20 and a beta of 0.84. The company has a 50 day moving average price of $35.73 and a 200-day moving average price of $37.04. Juniper Networks, Inc. has a 1-year low of $33.42 and a 1-year high of $39.79.

Juniper Networks (NYSE:JNPR - Get Free Report) last issued its 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 net margin of 5.67% and a return on equity of 7.57%. As a group, equities research analysts expect that Juniper Networks, Inc. will post 1.33 earnings per share for the current fiscal year.

Juniper Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders 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 dividend yield of 2.54%. The ex-dividend date of this dividend was Monday, March 3rd. Juniper Networks's dividend payout ratio is currently 102.33%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on JNPR shares. Barclays raised their target price 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 lowered Juniper Networks from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. StockNews.com downgraded Juniper Networks from a "strong-buy" rating to a "buy" rating in a research note on Friday, March 28th. Finally, Evercore ISI raised shares of Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 target price on the stock in a report 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. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price 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.