Juniper Networks, Inc. (NYSE:JNPR) is Magnetar Financial LLC's 3rd Largest Position

Magnetar Financial LLC lessened its stake in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 8.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,158,010 shares of the network equipment provider's stock after selling 205,670 shares during the quarter. Juniper Networks accounts for about 1.9% of Magnetar Financial LLC's portfolio, making the stock its 3rd largest holding. Magnetar Financial LLC owned about 0.65% of Juniper Networks worth $80,817,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Pacer Advisors Inc. increased its position in shares of Juniper Networks by 25.5% in the fourth quarter. Pacer Advisors Inc. now owns 37,696 shares of the network equipment provider's stock valued at $1,412,000 after buying an additional 7,668 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Juniper Networks by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,957,317 shares of the network equipment provider's stock worth $115,276,000 after purchasing an additional 33,016 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in Juniper Networks during the 4th quarter worth approximately $1,374,000. US Bancorp DE lifted its position in shares of Juniper Networks by 4.5% in the fourth quarter. US Bancorp DE now owns 15,394 shares of the network equipment provider's stock valued at $577,000 after acquiring an additional 660 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new stake in shares of Juniper Networks during the third quarter worth approximately $1,182,000. Hedge funds and other institutional investors own 91.95% of the company's stock.

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Insider Activity at Juniper Networks

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 value of $1,115,827.56. Following the completion of the transaction, the chief operating officer now owns 94,771 shares in the company, valued at $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 at this hyperlink. 1.28% of the stock is currently owned by corporate insiders.

Juniper Networks Trading Up 0.1 %

Juniper Networks stock traded up $0.05 during midday trading on Monday, reaching $36.10. 1,880,279 shares of the stock traded hands, compared to its average volume of 3,115,834. The company has a current ratio of 1.46, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25. The firm has a market cap of $12.03 billion, a PE ratio of 41.98, a price-to-earnings-growth ratio of 2.20 and a beta of 0.86. The company has a 50-day simple moving average of $36.50 and a two-hundred day simple moving average of $37.48. Juniper Networks, Inc. has a 12-month low of $33.72 and a 12-month high of $39.79.

Juniper Networks (NYSE:JNPR - Get Free Report) last posted its quarterly earnings data 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%. Research analysts expect that Juniper Networks, Inc. will post 1.33 earnings per share for the current fiscal year.

Juniper Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.22 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.88 annualized dividend and a dividend yield of 2.44%. Juniper Networks's dividend payout ratio (DPR) is currently 102.33%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Evercore ISI upgraded shares of Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 target price for the company in a research report on Tuesday, February 4th. Argus cut Juniper Networks from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Barclays raised their target price on Juniper Networks from $37.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 5th. Finally, StockNews.com raised shares of Juniper Networks from a "buy" rating to a "strong-buy" rating in a report on Thursday. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $39.80.

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.