Bank of New York Mellon Corp Acquires 40,231 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Bank of New York Mellon Corp lifted its position in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,134,795 shares of the network equipment provider's stock after purchasing an additional 40,231 shares during the quarter. Bank of New York Mellon Corp owned 0.95% of Juniper Networks worth $117,398,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Venturi Wealth Management LLC lifted its holdings in Juniper Networks by 60.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider's stock worth $46,000 after buying an additional 447 shares in the last quarter. Sentry Investment Management LLC bought a new stake in shares of Juniper Networks during the 3rd quarter valued at $61,000. Longfellow Investment Management Co. LLC grew its stake in shares of Juniper Networks by 84.7% during the third quarter. Longfellow Investment Management Co. LLC now owns 1,830 shares of the network equipment provider's stock worth $71,000 after purchasing an additional 839 shares during the period. Brooklyn Investment Group acquired a new position in Juniper Networks in the third quarter valued at about $76,000. Finally, Quarry LP grew its position in shares of Juniper Networks by 89.0% during the 3rd quarter. Quarry LP now owns 2,922 shares of the network equipment provider's stock worth $114,000 after buying an additional 1,376 shares during the period. Institutional investors and hedge funds own 91.95% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

Several brokerages have commented on JNPR. Evercore ISI raised shares of Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 target price for the company in a research note on Tuesday, February 4th. Argus cut shares of Juniper Networks from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. StockNews.com downgraded shares of Juniper Networks from a "strong-buy" rating to a "buy" rating in a research report on Monday. Finally, Barclays raised their target price 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. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $39.80.

Juniper Networks Price Performance

NYSE:JNPR traded up $0.07 on Wednesday, hitting $36.01. The company had a trading volume of 1,301,484 shares, compared to its average volume of 3,189,783. The company has a current ratio of 1.46, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25. Juniper Networks, Inc. has a 52 week low of $33.72 and a 52 week high of $39.79. The stock has a market capitalization of $12.00 billion, a price-to-earnings ratio of 41.87, a PEG ratio of 2.20 and a beta of 0.87. The firm has a 50 day moving average of $37.01 and a two-hundred day moving average of $37.75.

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

Juniper Networks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.88 dividend on an annualized basis and a yield of 2.44%. Juniper Networks's dividend payout ratio (DPR) is currently 102.33%.

Insiders Place Their Bets

In other Juniper Networks news, COO Manoj Leelanivas sold 30,978 shares of the business'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 transaction, the chief operating officer now directly owns 94,771 shares of the company's stock, valued at approximately $3,413,651.42. The trade was a 24.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.28% of the company's stock.

Juniper Networks 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.