Cibc World Markets Corp Raises Position in Juniper Networks, Inc. (NYSE:JNPR)

Cibc World Markets Corp raised its position in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 17.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,174 shares of the network equipment provider's stock after acquiring an additional 7,741 shares during the quarter. Cibc World Markets Corp's holdings in Juniper Networks were worth $1,954,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in JNPR. Hollencrest Capital Management acquired a new position in shares of Juniper Networks in the 4th quarter valued at $38,000. EverSource Wealth Advisors LLC grew its stake in shares of Juniper Networks by 47.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the network equipment provider's stock worth $42,000 after purchasing an additional 363 shares during the period. Larson Financial Group LLC lifted its position in shares of Juniper Networks by 139.5% during the 4th quarter. Larson Financial Group LLC now owns 1,794 shares of the network equipment provider's stock valued at $67,000 after acquiring an additional 1,045 shares during the period. Longfellow Investment Management Co. LLC increased its holdings in Juniper Networks by 84.7% during the 3rd quarter. Longfellow Investment Management Co. LLC now owns 1,830 shares of the network equipment provider's stock valued at $71,000 after acquiring an additional 839 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Juniper Networks during the 3rd quarter worth approximately $76,000. 91.95% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at Juniper Networks

In other news, COO Manoj Leelanivas sold 30,978 shares of Juniper Networks stock in a transaction on 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 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 at this hyperlink. Corporate insiders own 1.28% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on JNPR. Barclays increased their price objective 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. StockNews.com upgraded shares of Juniper Networks from a "buy" rating to a "strong-buy" rating in a research report on Thursday, March 20th. 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 report on Tuesday, February 4th. Finally, Argus cut Juniper Networks from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $39.80.

Juniper Networks Stock Down 0.0 %

JNPR stock traded down $0.02 during trading hours on Wednesday, reaching $36.08. 1,848,167 shares of the stock were exchanged, compared to its average volume of 3,105,467. 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 company has a market cap of $12.02 billion, a price-to-earnings ratio of 41.96, a PEG ratio of 2.20 and a beta of 0.86. Juniper Networks, Inc. has a 12 month low of $33.72 and a 12 month high of $39.79. The firm's 50-day moving average is $36.41 and its 200-day moving average is $37.45.

Juniper Networks (NYSE:JNPR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The network equipment provider reported $0.45 earnings per share 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, equities research analysts expect that Juniper Networks, Inc. will post 1.33 earnings per share for the current year.

Juniper Networks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 3rd were issued 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 yield of 2.44%. Juniper Networks's payout ratio is 102.33%.

Juniper Networks 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.