Quinn Opportunity Partners LLC Makes New $14.88 Million Investment in Juniper Networks, Inc. (NYSE:JNPR)

Quinn Opportunity Partners LLC purchased a new stake in Juniper Networks, Inc. (NYSE:JNPR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 397,279 shares of the network equipment provider's stock, valued at approximately $14,878,000. Juniper Networks comprises approximately 1.0% of Quinn Opportunity Partners LLC's portfolio, making the stock its 24th biggest position. Quinn Opportunity Partners LLC owned 0.12% of Juniper Networks as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its holdings in Juniper Networks by 47.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the network equipment provider's stock worth $42,000 after buying an additional 363 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Juniper Networks by 12.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 4,913 shares of the network equipment provider's stock worth $184,000 after acquiring an additional 549 shares during the last quarter. Huntington National Bank raised its position in shares of Juniper Networks by 91.9% during the fourth quarter. Huntington National Bank now owns 1,263 shares of the network equipment provider's stock worth $47,000 after purchasing an additional 605 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Juniper Networks by 41.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,099 shares of the network equipment provider's stock valued at $78,000 after purchasing an additional 616 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of Juniper Networks by 32.0% in the 4th quarter. Jones Financial Companies Lllp now owns 2,654 shares of the network equipment provider's stock valued at $99,000 after purchasing an additional 643 shares during the period. Institutional investors own 91.95% of the company's stock.

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Juniper Networks Price Performance

NYSE:JNPR traded down $0.08 during trading hours on Tuesday, reaching $34.70. The company had a trading volume of 4,628,663 shares, compared to its average volume of 3,288,371. The firm has a market capitalization of $11.56 billion, a PE ratio of 40.35, a PEG ratio of 2.20 and a beta of 0.84. The stock has a 50-day moving average of $35.76 and a two-hundred day moving average of $37.06. Juniper Networks, Inc. has a one year low of $33.42 and a one year high of $39.79. 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 (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 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%. 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 announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 3rd were given a dividend of $0.22 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.54%. Juniper Networks's payout ratio is 102.33%.

Wall Street Analyst Weigh In

JNPR has been the subject of several research analyst reports. 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. Argus cut Juniper Networks from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. StockNews.com downgraded shares of Juniper Networks from a "strong-buy" rating to a "buy" rating in a research note on Friday, March 28th. 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 research note on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $39.80.

Insider Activity at Juniper Networks

In other Juniper Networks news, COO Manoj Leelanivas sold 30,978 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $36.02, for a total transaction 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. This trade represents a 24.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.28% of the stock is currently owned by company 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.