Skandinaviska Enskilda Banken AB publ Grows Stake in Juniper Networks, Inc. (NYSE:JNPR)

Skandinaviska Enskilda Banken AB publ grew its position in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 18.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,935 shares of the network equipment provider's stock after purchasing an additional 22,899 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Juniper Networks were worth $5,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Venturi Wealth Management LLC lifted its holdings in Juniper Networks by 60.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider's stock worth $46,000 after purchasing an additional 447 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Juniper Networks by 1.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 883,057 shares of the network equipment provider's stock valued at $34,422,000 after purchasing an additional 11,687 shares during the last quarter. Metis Global Partners LLC grew its position in shares of Juniper Networks by 7.2% during the third quarter. Metis Global Partners LLC now owns 49,860 shares of the network equipment provider's stock valued at $1,944,000 after purchasing an additional 3,335 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of Juniper Networks by 8.0% in the third quarter. CIBC Asset Management Inc now owns 55,936 shares of the network equipment provider's stock worth $2,180,000 after purchasing an additional 4,143 shares during the last quarter. Finally, Mizuho Securities USA LLC lifted its position in shares of 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 buying an additional 472,370 shares in the last quarter. 91.95% of the stock is owned by hedge funds and other institutional investors.

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Juniper Networks Trading Up 0.3 %

Shares of JNPR traded up $0.11 during midday trading on Wednesday, hitting $36.10. The stock had a trading volume of 3,592,630 shares, compared to its average volume of 3,116,098. The stock's 50 day moving average is $36.64 and its 200 day moving average is $37.54. The firm has a market cap of $12.03 billion, a PE ratio of 41.98, a price-to-earnings-growth ratio of 2.20 and a beta of 0.86. 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, Inc. has a 1 year low of $33.72 and a 1 year high of $39.79.

Juniper Networks (NYSE:JNPR - Get Free Report) last announced 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%. As a group, analysts forecast that Juniper Networks, Inc. will post 1.33 EPS for the current fiscal year.

Juniper Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 3rd will be paid a $0.22 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.88 dividend on an annualized basis and a yield of 2.44%. Juniper Networks's payout ratio is 102.33%.

Analyst Ratings Changes

Several research firms have weighed in on JNPR. Evercore ISI upgraded Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 price target for the company in a report on Tuesday, February 4th. Barclays raised 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. Argus downgraded shares of Juniper Networks from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Finally, StockNews.com cut shares of Juniper Networks from a "strong-buy" rating to a "buy" rating in a research note on Monday, March 3rd. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $39.80.

Insider Transactions at Juniper Networks

In other news, COO Manoj Leelanivas sold 30,978 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were 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 directly owns 94,771 shares in the company, valued at approximately $3,413,651.42. This represents a 24.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.28% of the company's stock.

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.