Metis Global Partners LLC Sells 30,068 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Metis Global Partners LLC decreased its stake in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 60.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,792 shares of the network equipment provider's stock after selling 30,068 shares during the period. Metis Global Partners LLC's holdings in Juniper Networks were worth $741,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Oddo BHF Asset Management Sas acquired a new stake in shares of Juniper Networks in the 3rd quarter valued at $25,337,000. Twin Securities Inc. lifted its position in shares of Juniper Networks by 760.3% during the 3rd quarter. Twin Securities Inc. now owns 678,257 shares of the network equipment provider's stock worth $26,438,000 after buying an additional 599,420 shares during the period. State Street Corp grew its holdings in shares of Juniper Networks by 3.8% in the 3rd 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 last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Juniper Networks by 172,681.3% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 552,900 shares of the network equipment provider's stock valued at $21,552,000 after acquiring an additional 552,580 shares during the last quarter. Finally, Mizuho Securities USA LLC boosted its stake in Juniper Networks by 1,885.0% in the third quarter. Mizuho Securities USA LLC now owns 497,430 shares of the network equipment provider's stock worth $19,390,000 after purchasing an additional 472,370 shares in the last quarter. Institutional investors and hedge funds own 91.95% of the company's stock.

Juniper Networks Stock Performance

Shares of JNPR stock traded up $0.07 during mid-day trading on Wednesday, reaching $36.01. The stock had a trading volume of 1,301,484 shares, compared to its average volume of 3,189,783. The firm has a market cap of $12.00 billion, a price-to-earnings ratio of 41.87, a PEG ratio of 2.20 and a beta of 0.87. The business's fifty day moving average is $37.01 and its 200-day moving average is $37.75. Juniper Networks, Inc. has a 1-year low of $33.72 and a 1-year high of $39.79. The company has a current ratio of 1.46, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25.

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 (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, research analysts forecast that Juniper Networks, Inc. will post 1.33 earnings per share for the current year.

Juniper Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors 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 is currently 102.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on JNPR shares. Argus downgraded shares of Juniper Networks from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. StockNews.com downgraded shares of Juniper Networks from a "strong-buy" rating to a "buy" rating in a research report on Monday. Barclays upped their price target on shares of 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, Evercore ISI upgraded 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 report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $39.80.

Insider Buying and Selling at Juniper Networks

In related 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 value of $1,115,827.56. Following the transaction, the chief operating officer now owns 94,771 shares in the company, valued at approximately $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 can be accessed through this link. 1.28% of the stock is owned by insiders.

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.