Geode Capital Management LLC Has $370.46 Million Stock Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Geode Capital Management LLC lifted its stake in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,897,002 shares of the network equipment provider's stock after purchasing an additional 356,672 shares during the quarter. Geode Capital Management LLC owned about 2.99% of Juniper Networks worth $370,461,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of JNPR. Vanguard Group Inc. increased its position in 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 worth $1,620,269,000 after purchasing an additional 599,214 shares in the last quarter. State Street Corp raised its holdings in Juniper Networks by 3.8% in the 3rd quarter. State Street Corp now owns 15,758,844 shares of the network equipment provider's stock valued at $614,280,000 after acquiring an additional 574,418 shares during the last quarter. Norges Bank acquired a new position in Juniper Networks in the fourth quarter valued at $262,618,000. Amundi boosted its stake in Juniper Networks by 60.1% in the 4th quarter. Amundi now owns 4,157,158 shares of the network equipment provider's stock worth $159,510,000 after buying an additional 1,559,884 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Juniper Networks by 1.3% during the 4th quarter. Bank of New York Mellon Corp now owns 3,134,795 shares of the network equipment provider's stock worth $117,398,000 after acquiring an additional 40,231 shares during the period. 91.95% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In related news, COO Manoj Leelanivas sold 30,978 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $36.02, for a total value of $1,115,827.56. Following the completion of the sale, the chief operating officer now directly owns 94,771 shares in the company, valued at approximately $3,413,651.42. This represents a 24.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.28% of the stock is currently owned by corporate insiders.

Juniper Networks Stock Performance

JNPR traded down $0.50 during trading hours on Thursday, hitting $34.65. The company's stock had a trading volume of 537,884 shares, compared to its average volume of 3,852,558. 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 fifty-two week low of $33.42 and a fifty-two week high of $39.79. The company has a 50-day simple moving average of $35.80 and a 200 day simple moving average of $37.15. The firm has a market capitalization of $11.55 billion, a PE ratio of 40.30, a PEG ratio of 2.20 and a beta of 0.84.

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%. As a group, sell-side analysts expect that Juniper Networks, Inc. will post 1.33 EPS for the current year.

Juniper Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 3rd were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.54%. Juniper Networks's payout ratio is currently 102.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on JNPR shares. StockNews.com downgraded Juniper Networks from a "strong-buy" rating to a "buy" rating in a report on Friday, March 28th. 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. Argus downgraded shares of Juniper Networks from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. Finally, Barclays raised their target price on shares of Juniper Networks from $37.00 to $39.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 5th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target 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.