Bank of Nova Scotia Has $64.07 Million Stake in Juniper Networks, Inc. (NYSE:JNPR)

Bank of Nova Scotia boosted its stake in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 69.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,710,771 shares of the network equipment provider's stock after purchasing an additional 700,111 shares during the quarter. Bank of Nova Scotia owned about 0.52% of Juniper Networks worth $64,068,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Juniper Networks in the fourth quarter worth $262,618,000. FIL Ltd raised its stake in Juniper Networks by 20.5% during the 4th quarter. FIL Ltd now owns 12,752,814 shares of the network equipment provider's stock worth $477,593,000 after buying an additional 2,167,567 shares during the period. Amundi lifted its holdings in Juniper Networks by 60.1% during the fourth 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 in the last quarter. Invesco Ltd. grew its stake in Juniper Networks by 17.8% in the fourth quarter. Invesco Ltd. now owns 6,525,290 shares of the network equipment provider's stock valued at $244,372,000 after acquiring an additional 987,431 shares during the period. Finally, Oddo BHF Asset Management Sas bought a new stake in shares of Juniper Networks in the third quarter worth about $25,337,000. Institutional investors own 91.95% of the company's stock.

Juniper Networks Stock Down 0.5 %

JNPR traded down $0.17 during trading hours on Monday, hitting $34.76. 432,016 shares of the company's stock were exchanged, compared to its average volume of 3,797,016. The company has a quick ratio of 1.14, a current ratio of 1.46 and a debt-to-equity ratio of 0.25. Juniper Networks, Inc. has a 1-year low of $33.42 and a 1-year high of $39.79. The stock's 50-day moving average is $35.78 and its two-hundred day moving average is $37.08. The stock has a market cap of $11.58 billion, a price-to-earnings ratio of 40.42, a PEG ratio of 2.20 and a beta of 0.84.

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

Juniper Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 3rd were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.53%. The ex-dividend date was Monday, March 3rd. Juniper Networks's payout ratio is presently 102.33%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. StockNews.com lowered Juniper Networks from a "strong-buy" rating to a "buy" rating in a research report on Friday, March 28th. Argus cut shares of Juniper Networks from a "buy" rating to a "hold" rating in a report on Friday, February 7th. 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 research report on Wednesday, February 5th. Finally, Evercore ISI raised shares of Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 price objective on the stock in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Juniper Networks has a consensus rating of "Hold" and an average price target of $39.80.

Insider Activity

In other Juniper Networks 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 transaction of $1,115,827.56. Following the sale, the chief operating officer now directly owns 94,771 shares of the company's stock, valued at approximately $3,413,651.42. This represents a 24.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.28% of the stock is currently owned by insiders.

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.