Raymond James Financial Inc. Invests $8.22 Million in Juniper Networks, Inc. (NYSE:JNPR)

Raymond James Financial Inc. purchased a new position in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 219,397 shares of the network equipment provider's stock, valued at approximately $8,216,000. Raymond James Financial Inc. owned approximately 0.07% of Juniper Networks as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of JNPR. Natixis Advisors LLC lifted its holdings in shares of Juniper Networks by 38.6% in the third quarter. Natixis Advisors LLC now owns 27,799 shares of the network equipment provider's stock worth $1,084,000 after acquiring an additional 7,745 shares during the last quarter. Quest Partners LLC lifted its stake in Juniper Networks by 576.3% in the 3rd quarter. Quest Partners LLC now owns 11,084 shares of the network equipment provider's stock valued at $432,000 after purchasing an additional 9,445 shares during the last quarter. Pathstone Holdings LLC lifted its stake in Juniper Networks by 2.9% in the 3rd quarter. Pathstone Holdings LLC now owns 38,488 shares of the network equipment provider's stock valued at $1,500,000 after purchasing an additional 1,093 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Juniper Networks during the third quarter worth $875,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Juniper Networks by 7.5% during the third quarter. PNC Financial Services Group Inc. now owns 44,857 shares of the network equipment provider's stock worth $1,749,000 after buying an additional 3,141 shares during the last quarter. 91.95% of the stock is currently owned by institutional investors.

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Insider Activity

In related news, COO Manoj Leelanivas sold 30,978 shares of the business'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 transaction, the chief operating officer now owns 94,771 shares in the company, valued at $3,413,651.42. The trade was a 24.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.28% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Barclays raised their price objective on Juniper Networks from $37.00 to $39.00 and gave the company an "equal weight" rating in a report on Wednesday, February 5th. StockNews.com raised Juniper Networks from a "buy" rating to a "strong-buy" rating in a research note on Thursday, March 20th. Evercore ISI upgraded shares of Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 target price on the stock in a research report on Tuesday, February 4th. Finally, Argus cut shares of Juniper Networks from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Juniper Networks currently has an average rating of "Hold" and an average target price of $39.80.

Juniper Networks Trading Down 0.0 %

JNPR stock traded down $0.02 during trading on Wednesday, hitting $36.08. The company had a trading volume of 1,838,564 shares, compared to its average volume of 3,105,441. The stock has a market cap of $12.02 billion, a PE ratio of 41.96, a PEG ratio of 2.20 and a beta of 0.86. The business has a 50-day moving average of $36.41 and a 200-day moving average of $37.45. 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, Inc. has a one year low of $33.72 and a one year 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 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.13). Juniper Networks had a net margin of 5.67% and a return on equity of 7.57%. Research analysts predict that Juniper Networks, Inc. will post 1.33 earnings per share for the current fiscal year.

Juniper Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 3rd were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend 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 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.