Invesco Ltd. Raises Position in Juniper Networks, Inc. (NYSE:JNPR)

Invesco Ltd. increased its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 17.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,525,290 shares of the network equipment provider's stock after acquiring an additional 987,431 shares during the quarter. Invesco Ltd. owned approximately 1.97% of Juniper Networks worth $244,372,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Norges Bank bought a new position in Juniper Networks during the fourth quarter valued at $262,618,000. Amundi grew its stake in shares of 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 acquiring an additional 1,559,884 shares during the period. Oddo BHF Asset Management Sas purchased a new stake in Juniper Networks in the 3rd quarter worth about $25,337,000. Vanguard Group Inc. raised its stake in Juniper Networks by 1.4% in 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 acquiring an additional 599,214 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Juniper Networks by 736.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 654,750 shares of the network equipment provider's stock valued at $24,520,000 after purchasing an additional 576,461 shares during the last quarter. 91.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Juniper Networks

In other Juniper Networks news, COO Manoj Leelanivas sold 30,978 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was 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 in the company, valued at $3,413,651.42. The trade was a 24.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.28% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Evercore ISI raised shares of Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 price target on the stock in a research report on Tuesday, February 4th. Argus lowered Juniper Networks from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Barclays increased their price target 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. Finally, StockNews.com cut shares of Juniper Networks from a "strong-buy" rating to a "buy" rating in a research note on Friday, March 28th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Juniper Networks presently has an average rating of "Hold" and an average target price of $39.80.

Juniper Networks Stock Down 0.0 %

JNPR stock traded down $0.01 during midday trading on Tuesday, hitting $34.77. The stock had a trading volume of 3,357,455 shares, compared to its average volume of 3,284,323. Juniper Networks, Inc. has a 52-week low of $33.42 and a 52-week high of $39.79. The firm has a market cap of $11.58 billion, a price-to-earnings ratio of 40.39, a price-to-earnings-growth ratio of 2.20 and a beta of 0.84. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.46 and a quick ratio of 1.14. The business has a 50-day moving average of $35.76 and a two-hundred day moving average of $37.06.

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%. As a group, equities research analysts forecast that Juniper Networks, Inc. will post 1.33 earnings per share for the current fiscal year.

Juniper Networks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 3rd were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.53%. The ex-dividend date was Monday, March 3rd. Juniper Networks's dividend 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.