Boussard & Gavaudan Investment Management LLP acquired a new stake in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 74,583 shares of the network equipment provider's stock, valued at approximately $2,786,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JNPR. Norges Bank bought a new stake in shares of Juniper Networks during the 4th quarter worth $262,618,000. Amundi raised its stake in Juniper Networks by 60.1% during the fourth quarter. Amundi now owns 4,157,158 shares of the network equipment provider's stock worth $159,510,000 after acquiring an additional 1,559,884 shares in the last quarter. Oddo BHF Asset Management Sas bought a new position in shares of Juniper Networks in the third quarter worth about $25,337,000. Twin Securities Inc. boosted its stake in shares of Juniper Networks by 760.3% in the 3rd quarter. Twin Securities Inc. now owns 678,257 shares of the network equipment provider's stock valued at $26,438,000 after purchasing an additional 599,420 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Juniper Networks by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 43,264,855 shares of the network equipment provider's stock valued at $1,620,269,000 after purchasing an additional 599,214 shares during the last quarter. 91.95% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other news, COO Manoj Leelanivas sold 30,978 shares of the firm's 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 sale, the chief operating officer now owns 94,771 shares of the company's stock, valued at $3,413,651.42. This trade represents a 24.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.28% of the company's stock.
Juniper Networks Trading Down 0.2 %
NYSE JNPR traded down $0.08 on Tuesday, reaching $36.12. The company had a trading volume of 558,773 shares, compared to its average volume of 3,880,893. The firm has a market cap of $12.03 billion, a price-to-earnings ratio of 41.99, a P/E/G ratio of 2.20 and a beta of 0.86. 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 fifty-two week low of $33.72 and a fifty-two week high of $39.79. The business has a 50 day moving average of $36.21 and a two-hundred day moving average of $37.38.
Juniper Networks (NYSE:JNPR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The network equipment provider reported $0.45 earnings per share (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%. Analysts forecast that Juniper Networks, Inc. will post 1.33 EPS for the current year.
Juniper Networks Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 3rd were given a dividend of $0.22 per share. The ex-dividend date was 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%.
Analyst Ratings Changes
Several brokerages recently commented on JNPR. Evercore ISI raised shares of Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 price objective for the company in a research note on Tuesday, February 4th. Barclays increased their price target on 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 lowered Juniper Networks from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. Finally, StockNews.com downgraded Juniper Networks from a "strong-buy" rating to a "buy" rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $39.80.
Read Our Latest Report on Juniper Networks
About Juniper Networks
(
Free Report)
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.
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