Juniper Networks, Inc. (NYSE:JNPR) Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA boosted its position in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 13.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 212,668 shares of the network equipment provider's stock after acquiring an additional 25,944 shares during the quarter. Pictet Asset Management Holding SA owned 0.06% of Juniper Networks worth $7,964,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Juniper Networks by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 43,264,855 shares of the network equipment provider's stock worth $1,620,269,000 after purchasing an additional 599,214 shares during the last quarter. State Street Corp raised its stake in Juniper Networks by 3.8% in the third quarter. State Street Corp now owns 15,758,844 shares of the network equipment provider's stock valued at $614,280,000 after buying an additional 574,418 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Juniper Networks by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 9,540,330 shares of the network equipment provider's stock worth $371,269,000 after buying an additional 417,050 shares during the last quarter. Norges Bank acquired a new position in shares of Juniper Networks during the 4th quarter worth about $262,618,000. Finally, Amundi increased its holdings in shares of Juniper Networks by 60.1% in the 4th quarter. Amundi now owns 4,157,158 shares of the network equipment provider's stock valued at $159,510,000 after acquiring an additional 1,559,884 shares during the last quarter. Institutional investors and hedge funds own 91.95% of the company's stock.

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Insiders Place Their Bets

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 completion of the transaction, the chief operating officer now owns 94,771 shares in the company, valued at approximately $3,413,651.42. This represents a 24.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.28% of the stock is owned by insiders.

Juniper Networks Stock Performance

Shares of JNPR traded down $0.21 during mid-day trading on Tuesday, reaching $33.93. 3,752,032 shares of the company's stock were exchanged, compared to its average volume of 3,288,225. The business's fifty day simple moving average is $35.77 and its 200-day simple moving average is $37.19. Juniper Networks, Inc. has a 52-week low of $33.42 and a 52-week high of $39.79. The stock has a market capitalization of $11.31 billion, a PE ratio of 39.45, a price-to-earnings-growth ratio of 2.20 and a beta of 0.84. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.46 and a quick ratio of 1.14.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend was Monday, March 3rd. Juniper Networks's dividend payout ratio is presently 102.33%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Evercore ISI upgraded Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 target price for the company in a research note on Tuesday, February 4th. StockNews.com downgraded shares of Juniper Networks from a "strong-buy" rating to a "buy" rating in a research report on Friday, March 28th. Barclays upped their target price on shares of Juniper Networks from $37.00 to $39.00 and gave the company an "equal weight" rating in a report on Wednesday, February 5th. Finally, Argus lowered shares of Juniper Networks from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Juniper Networks has a consensus rating of "Hold" and an average price target of $39.80.

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.