Juniper Networks, Inc. (NYSE:JNPR) Shares Bought by Gardner Lewis Asset Management L P

Gardner Lewis Asset Management L P boosted its stake in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 30.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 306,700 shares of the network equipment provider's stock after acquiring an additional 71,700 shares during the period. Juniper Networks comprises approximately 2.8% of Gardner Lewis Asset Management L P's portfolio, making the stock its 11th largest position. Gardner Lewis Asset Management L P owned approximately 0.09% of Juniper Networks worth $11,486,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of JNPR. Hollencrest Capital Management purchased a new stake in shares of Juniper Networks in the 4th quarter valued at about $38,000. EverSource Wealth Advisors LLC increased its position in Juniper Networks by 47.8% during the fourth 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 during the period. Larson Financial Group LLC increased its position in Juniper Networks by 139.5% during the fourth 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. Brooklyn Investment Group purchased a new stake in Juniper Networks in the third quarter valued at approximately $76,000. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Juniper Networks by 41.5% in the fourth 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 during the period. Institutional investors and hedge funds own 91.95% of the company's stock.

Remove Ads

Insider Transactions at Juniper Networks

In related news, COO Manoj Leelanivas sold 30,978 shares of the firm'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 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 trade represents a 24.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.28% of the company's stock.

Analysts Set New Price Targets

JNPR has been the subject of several research reports. 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 report on Wednesday, February 5th. Argus downgraded shares of Juniper Networks from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. StockNews.com lowered Juniper Networks from a "strong-buy" rating to a "buy" rating in a report on Friday. 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 note 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $39.80.

Juniper Networks Stock Performance

Shares of Juniper Networks stock traded down $0.06 on Tuesday, reaching $36.13. 558,773 shares of the stock were exchanged, compared to its average volume of 3,281,217. The firm has a market capitalization of $12.04 billion, a PE ratio of 41.99, a PEG ratio of 2.20 and a beta of 0.86. Juniper Networks, Inc. has a 1-year low of $33.72 and a 1-year high of $39.79. The business has a fifty day moving average price of $36.21 and a two-hundred day moving average price of $37.38. 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 (NYSE:JNPR - Get Free Report) last issued its earnings results 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%. As a group, research analysts anticipate that Juniper Networks, Inc. will post 1.33 earnings per share for the current fiscal year.

Juniper Networks Announces Dividend

The business also recently announced 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 of this dividend was Monday, March 3rd. This represents a $0.88 annualized dividend and a dividend yield of 2.44%. Juniper Networks's payout ratio is currently 102.33%.

About Juniper Networks

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.