Groupama Asset Managment Purchases New Shares in Juniper Networks, Inc. (NYSE:JNPR)

Groupama Asset Managment bought a new position in Juniper Networks, Inc. (NYSE:JNPR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 27,234 shares of the network equipment provider's stock, valued at approximately $1,017,000.

Several other large investors have also recently bought and sold shares of JNPR. Vanguard Group Inc. raised its stake in shares of Juniper Networks by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 43,264,855 shares of the network equipment provider's stock worth $1,620,269,000 after buying an additional 599,214 shares during the last quarter. State Street Corp raised its holdings in Juniper Networks by 3.8% in the third quarter. State Street Corp now owns 15,758,844 shares of the network equipment provider's stock worth $614,280,000 after purchasing an additional 574,418 shares during the period. Geode Capital Management LLC grew its holdings in shares of Juniper Networks by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 9,897,002 shares of the network equipment provider's stock valued at $370,461,000 after buying an additional 356,672 shares during the period. Norges Bank bought a new stake in Juniper Networks in the 4th quarter valued at $262,618,000. Finally, Amundi increased its holdings in Juniper Networks by 60.1% during the 4th quarter. Amundi now owns 4,157,158 shares of the network equipment provider's stock worth $159,510,000 after purchasing an additional 1,559,884 shares in the last quarter. Institutional investors and hedge funds own 91.95% of the company's stock.

Insider Activity at Juniper Networks

In other 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 completion of the sale, the chief operating officer now directly owns 94,771 shares of the company's stock, valued at $3,413,651.42. The trade was a 24.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.28% of the stock is owned by corporate insiders.

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Juniper Networks Price Performance

Shares of NYSE JNPR traded up $0.03 during midday trading on Monday, reaching $33.98. 2,552,684 shares of the company were exchanged, compared to its average volume of 3,275,679. The stock has a market cap of $11.32 billion, a P/E ratio of 39.48, a PEG ratio of 2.20 and a beta of 0.84. Juniper Networks, Inc. has a one year low of $33.38 and a one year high of $39.79. The company has a quick ratio of 1.14, a current ratio of 1.46 and a debt-to-equity ratio of 0.25. The stock's 50-day moving average price is $35.93 and its 200-day moving average price is $37.28.

Juniper Networks (NYSE:JNPR - Get Free Report) last issued its quarterly 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 return on equity of 7.57% and a net margin of 5.67%. On average, sell-side analysts anticipate that Juniper Networks, Inc. will post 1.33 earnings per share for the current fiscal year.

Juniper Networks Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 3rd were given a $0.22 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.59%. Juniper Networks's dividend payout ratio (DPR) is currently 102.33%.

Wall Street Analyst Weigh In

JNPR has been the topic of several research reports. Evercore ISI upgraded Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 target price on the stock in a research note on Tuesday, February 4th. StockNews.com cut Juniper Networks from a "strong-buy" rating to a "buy" rating in a report on Friday, March 28th. Barclays raised their price objective on Juniper Networks from $37.00 to $39.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 5th. Finally, Argus cut Juniper Networks from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Five research 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, Juniper Networks currently has an average rating of "Hold" and a consensus 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.