Northwest & Ethical Investments L.P. Cuts Stock Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Northwest & Ethical Investments L.P. cut its holdings in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 37.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,236 shares of the network equipment provider's stock after selling 17,240 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Juniper Networks were worth $1,095,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in JNPR. State Street Corp lifted its stake 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 valued at $614,280,000 after acquiring an additional 574,418 shares during the last quarter. Geode Capital Management LLC lifted its position in Juniper Networks by 4.6% in the third quarter. Geode Capital Management LLC now owns 9,540,330 shares of the network equipment provider's stock valued at $371,269,000 after purchasing an additional 417,050 shares during the last quarter. Amundi boosted its stake in shares of Juniper Networks by 60.1% during the fourth quarter. Amundi now owns 4,157,158 shares of the network equipment provider's stock valued at $159,510,000 after purchasing an additional 1,559,884 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Juniper Networks by 1.3% in the fourth quarter. Bank of New York Mellon Corp now owns 3,134,795 shares of the network equipment provider's stock worth $117,398,000 after purchasing an additional 40,231 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Juniper Networks by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,984,544 shares of the network equipment provider's stock worth $111,771,000 after buying an additional 27,227 shares during the period. 91.95% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several brokerages have recently commented on JNPR. Barclays upped their price objective on shares of Juniper Networks from $37.00 to $39.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 5th. Argus cut Juniper Networks from a "buy" rating to a "hold" rating in a report on Friday, February 7th. StockNews.com upgraded Juniper Networks from a "buy" rating to a "strong-buy" rating in a report on Thursday, March 20th. Finally, Evercore ISI upgraded 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 report on Tuesday, February 4th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Juniper Networks presently has an average rating of "Hold" and an average target price of $39.80.

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 on 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 sale, the chief operating officer now directly owns 94,771 shares of the company's stock, 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. Insiders own 1.28% of the company's stock.

Juniper Networks Stock Down 0.0 %

Shares of JNPR traded down $0.02 on Wednesday, reaching $36.08. The stock had a trading volume of 1,854,700 shares, compared to its average volume of 3,105,467. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.14 and a current ratio of 1.46. Juniper Networks, Inc. has a 12-month low of $33.72 and a 12-month high of $39.79. The firm has a market capitalization of $12.02 billion, a price-to-earnings ratio of 41.96, 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 $36.41 and a 200-day simple moving average of $37.45.

Juniper Networks (NYSE:JNPR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The network equipment provider reported $0.45 EPS for the quarter, missing the consensus estimate 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 EPS for the current year.

Juniper Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 3rd were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date was Monday, March 3rd. Juniper Networks's dividend payout ratio (DPR) is presently 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.